Popular Patisserie and Coffee Shop in Kent

Margate, Kent
REF: R07274

Asking Price:
£110,000
Annual Turnover:
£160,000
Annual Net Profit:
TBC
REF: R07274

Overview

Tenure:
Leasehold
Established:
1967
  • Hugely popular
  • Celebration cakes for all occasions
  • Sizeable, well-equipped premises
  • Great online presence
  • Welcoming, efficient service

This is a fantastic opportunity to take on a reputable patisserie and coffee shop based in Kent.

Trading successfully since 1967 and under current ownership since 2014, the business boasts an exceptional offering, specialising in fresh handmade cakes and bespoke, made-to-order celebration cakes.

Its 1960s/70s retro continental/British fusion coffee shop interior provides a unique place in which customers can sit back and relax with great coffee and even better cake.

The current owner is now looking to slow down and wishes to pass the business over a passionate new owner, who would upon sale receive a workable premises, loyal customer base and great reputation throughout the county.

Offering a wide array of cake, sandwiches, and coffee to enjoy on the premises, the establishment continues to grow in terms of customer base and financials, year on year.

Specialising in birthdays, weddings, and occasion cakes, the business is largely recognised for its personalised, unique bakes; its patisserie is responsible for generating a large portion of the turnover.

The shop boasts a bright yet vintage style frontage with external awning. Seating for six covers, weather permitting, lies outside and cakes are showcased in the window, drawing passing trade inside. The main seating area is designed in a retro fashion, with seating for 38 covers, a large serving counter to the right, and a customer toilet further back. A fully-equipped kitchen is situated to the rear. Various clubs, such as book clubs, utilise the café as a meeting point and it has previously

been used for filming. The shop is currently managed by the owner and five part-time staff.

This is an unmissable opportunity to own a unique patisserie and coffee shop which benefits from a bustling central location, exclusive offering, and loyal customers.

Ideal for an experienced owner-operator within the industry or someone looking to enter it, the business would benefit largely from further expansion. At present, the business operates from 6 am - 4 pm Tuesday-Saturday.

Extending these hours would allow for increased sales and drive overall turnover. Opening on Sunday would have a similar effect. Perhaps introducing an external catering service that offers cakes or buffets to special events would be a lucrative avenue to explore. The current owner would be willing to stay on for a transitional period as required, to hand the business over smoothly.

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  • Close to local businesses
  • Great public transport links
  • Parking nearby
  • Good levels of passing trade
  • High-street location
Rent
£8,400
Rates
£0
Lease Term
10
Lease Expiry
5 years remaining
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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