Popular Coffee Lounge and Bistro

Nottingham, Nottinghamshire
REF: 01579

Asking Price:
£29,000
Annual Turnover:
£90,000
Annual Net Profit:
TBC
Featured
Recently Sold
REF: 01579
Photo of Popular Coffee Lounge and Bistro
Photo of Popular Coffee Lounge and Bistro
Photo of Popular Coffee Lounge and Bistro
Photo of Popular Coffee Lounge and Bistro

Overview

Tenure:
Leasehold
Established:
2005
  • Great Reputation
  • Ideal Location
  • Annual Turnover - £90,000 approx
  • Loyal Customer base
  • Refurbished to a high standard

This is an exciting opportunity to purchase a popular coffee lounge/bistro in West Bridgford, Nottingham. The business acts as a cosy coffee lounge during the day and a trendy bistro and bar during the evenings.

The business has been renovated to a very high standard and is located in an affluent part of the city. The business is hugely popular amongst local residents, which has resulted in impressive financial figures for the business in recent years.

A potential buyer would also have several ways in which they could improve these financial figures significantly.

The business is located within a parade of different businesses on a busy high street. The bistro has a large glass frontage with the only entrance being located centrally.

The bistro is of an open plan design, which has been cleverly divided using high quality furniture. There are two seating areas which can accommodate thirty diners. The business has been renovated to an extremely high standard throughout with the modern bar taking centre stage in the bistro. This has been equipped with various pumps and equipment for the bistro/coffee lounge. The business acts as a cosy coffee lounge during the day and a trendy bistro in the evenings.

Behind the bistro and out of view to customers there is a large stock room and a kitchen used to deliver the high quality food for the bistro.

There is also a large outside seating area which is hugely popular amongst their loyal customer base during the summer. There is also a large amount of street parking nearby.

Intelligent Business Transfer are excited to offer to the market this superb opportunity to purchase a fashionable bistro and coffee lounge in West Bridgford.

They have been established for almost 5 years and are a household name in the affluent area of West Bridgford, in which it is located. The business acts as a relaxing coffee lounge during the day and a fashionable bistro in the evenings, with an alcohol and late trading licence. The business has a great reputation amongst the local and student community and boasts impressive financial figures.

Despite impressive financial figures whilst trading, a potential buyer would have several ways in which they could improve these. One way in which this could be achieved would be to utilise the businesses alcohol and late trading licence to run a sophisticated wine bar at weekends, which has been voiced to the current vendors on several occasions. It would also be beneficial to open every evening as they were currently only open Friday and Saturday evenings. The business would also benefit from an increase in advertising using social media sites to gain more custom.

They currently do not pay any business rates due to receiving small business relief.

During the businesses last full year of trading, the turnover figure was in the region of £90,000.

It is with deep regret that the current vendors are willing to sell the business due to early retirement. This business would suit an entrepreneur looking to manage this busy bistro and implement the change above to reap the financial rewards.

Location

Property

Annual Rent
£16,000
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
TBC
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

Refine

Miles
£
£
£
£
Timed popup