Popular Coffee Shop & Wine Bar in Hertfordshire

Watford, Hertfordshire
REF: R07543

Asking Price:
£84,999
Annual Turnover:
£193,098
Annual Net Profit:
£50,922
Recently Sold
REF: R07543
Photo of Popular Coffee Shop & Wine Bar in Hertfordshire
Photo of Popular Coffee Shop & Wine Bar in Hertfordshire
Photo of Popular Coffee Shop & Wine Bar in Hertfordshire
Photo of Popular Coffee Shop & Wine Bar in Hertfordshire

Overview

Tenure:
Leasehold
Established:
2015
  • Affordable menu to suit all tastes
  • Alcohol and late-night licence
  • Events for the public and businesses
  • Glowing testimonials
  • Strong visibility online

This is a brilliant opportunity to take on a contemporary, popular café which also operates as a wine bar in the evening.
 
Established since 2015, the business is extremely well-liked in the area, accountable to its friendly, welcoming service and light, airy premises which has recently been refurbished to a very high standard.
 
Unique to the area, the business services a variety of sweet and savoury dishes throughout the day and its wine bar is available for private hire.
 
Now only for sale due to the owner’s other business interests, a new owner is required to drive the business forward by taking full advantage of its superb features.

Attended by students, employees from businesses in the area and local residents, the business is an ideal location for anyone to while away the hours and simply relax. Its prominent position on a busy high street attracts passing trade inside, immediately stepping into the main seating area. There is a long serving counter again the left wall, comprising a chilled display cabinet, Epos system and blackboard menu overhead, as well as a coffee machine behind. To the rear of this floor are toilets, whilst stairs lead to the wine bar in the basement, including additional toilets.
The business possesses Twitter, Facebook and Instagram accounts which afford it a strong standing online, with numerous testimonials praising its menu and service. In addition to this, all equipment would be included in the sale.

Ideal for a current owner operator of a similar establishment looking to expand, or a first-time buyer who loves meeting new people and wants to contribute to the local community, a new owner could look to grow the business through a variety of avenues.
Extending the business’s opening times will have a positive impact on takings, allowing customers to stay later and inevitably increasing expenditure. Introducing an external catering service to provide food for private events would be a great way to heighten profit margins overall. The existing owner is happy to stay on for a transitional period to
ensure a smooth handover of business operations to a new owner.

Features

Online Presence

Location

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  • High street location
  • Close to train station and college
  • Adjacent to large shopping centre
  • Heavy passing traffic
  • No similar competition

Property

Annual Rent
£34,200
Annual Rates
£8,400
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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