Longstanding Coffee Shop/Café in a Prime Middlesbrough Location

Middlesbrough, North Yorkshire
REF: R07911

Asking Price:
£80,000
Annual Turnover:
£61,000
Annual Net Profit:
£23,000
REF: R07911
Photo of Longstanding Coffee Shop/Café in a Prime Middlesbrough Location
Photo of Longstanding Coffee Shop/Café in a Prime Middlesbrough Location
Photo of Longstanding Coffee Shop/Café in a Prime Middlesbrough Location
Photo of Longstanding Coffee Shop/Café in a Prime Middlesbrough Location

Overview

Tenure:
Leasehold
Established:
1988
  • Excellent reputation and loyal customer base
  • Plenty of growth potential
  • Well-equipped premises with equipment included in sale
  • Low overhead costs
  • Wide variety of food and drink sold
  • Accommodation included in sale

The business for sale is a traditional coffee shop and café located in Middlesbrough, North Yorkshire.

First established in 1988, the vendor has since dedicated 31 years of hard work to building the business’s success. Roy’s Coffee Shop prides itself on offering award-winning breakfasts, delicious homemade quiche, and a tasty lunchtime menu, all of which is available to takeaway. The venue has ample room for hosting 40+ covers at a time and boasts a 5* hygiene rating.

The business has a simply unbeatable location as it is found a mere stone’s throw away from the bustling Teesside University. Additionally, a range of complementary businesses, such as shops, offices and a Wetherspoons pub, are in the immediate area. These provide plenty of passing footfall and continuous trade for the business.

A key asset of this business is the inclusion of a 3-bedroom flat in the premises, perfect for student lets and netting £75-90 per week per room in rental income.

The vendor owns the freehold to the premises, but the business is ultimately available for sale on a leasehold basis.

Upon entry, customers step into the main shop which is a spacious rectangular area with air conditioning. To the rear of the coffee shop is the counter area with a large drinks' fridge. Beyond the counter is a W/C and storeroom, followed by a well-equipped kitchen. This then leads to a rear yard area. The property also has a 3-bedroom flat which has a separate entrance for the owner’s use. Alternatively, the buyer may wish to use it to generate additional income by renting it to the student community or another private tenant.

All the shop’s equipment is included in the sale and a full inventory is available upon request. Roy’s Coffee Shop also has a Facebook page with approximately 850 followers. Furthermore, the vendor is willing to provide a full transitional period to ensure a smooth and successful handover of business operations.

This is the ideal opportunity for a buyer who wants to be a hands-on owner-operator of a coffee shop in a fantastic location with plenty of passing trade.

The new owner is presented with multiple strategies for achieving further growth of Roy’s Coffee Shop. For example, the buyer should consider building a website from which to detail and promote the coffee shop’s delicious food and drink menu, as well as key information on opening hours and location. Extending the coffee shop’s opening hours may also prove beneficial as it presently trades from 9am-2pm, Monday to Saturday. This will increase the business’s overall capacity and likely appeal to the nearby student population, thereby improving the coffee shop’s financial profile. The new owner may also wish to implement a delivery service to provide total convenience for customers and add another income stream to the business.

Location

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  • Central location
  • Close to university
  • Close to local businesses
  • High footfall
  • On-street parking

Property

Annual Rent
£19,500
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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