Popular Cafe in Chester

Chester, Cheshire
REF: 02406

Asking Price:
£24,000
Annual Turnover:
£55,000
Annual Net Profit:
£25,000
Reduced
Recently Sold
REF: 02406
Photo of Popular Cafe in Chester
Photo of Popular Cafe in Chester
Photo of Popular Cafe in Chester
Photo of Popular Cafe in Chester

Overview

Tenure:
Leasehold
Established:
2010
  • Selling due to ill health
  • Great local reputation
  • Major location with heavy footfall
  • Solid turnover with low overheads
  • Solid net profit of £25,000

This is a traditional cafe with an ever-growing customer base, which has developed a reputation for providing an assortment of delicious hot food and drink since it was established in 2010.

Its popular and fitting location and its excellent quality service have made this a hotspot for the local inhabitants and the business has experienced steady growth each year.

This is a lucrative prospect for a new buyer looking to manage a catering business and is available to purchase on a leasehold arrangement.

With a popular menu which includes a range of hot and cold beverages and savoury foods, this popular cafe provides an excellent food service and maintains high levels of cleanliness and a tidy work environment.

The business premises comprises of a small shop floor which features a serving area with a counter for taking customer transactions and orders. A food preparation area is located towards the rear of this complex and is complete with the necessary equipment required to run a business of this size. As well as this, a seating counter is positioned next to the window and allows for a small number of customers to be seated.

The exterior and interior design maintains a warm, cosy and inviting feel and draws in customers to this eatery. The business also manages a Facebook profile which it uses to promote its offers and menu items.

Intelligent Business Transfer are pleased to offer for sale a spectacular cafe which is favoured by locals for its tasty food and drink and for its friendly customer service.

Although established in 2010, the current owner seized control of the business two years ago and since then invested time and money into the business to generate an annual turnover of £70,000, which is impressive for a cafe of this size.

Situated in a populated area, a new owner could extend business hours to cater for more customers. Opening earlier and closing later on in the evening would allow the business to draw in work commuters at peak times and would particularly attract university students looking for good food at reasonable prices.

As well as this, increasing advertising would attract more customers to the cafe and establishing a strong online presence through a website and social media accounts like Instagram would present new ways for the business to showcase its menu and would ultimately result in a larger customer base.

Furthermore, establishing a catering service and setting up a stall at the local university or near the railway station where there is greater footfall, would present an additional revenue stream.

Intelligent Business Transfer has been approached by the current owner to find an appropriate buyer.

Location

Property

Annual Rent
£5,000
Annual Rates
TBC
Lease Term (Years)
8
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

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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