Spacious and Locally Treasured Café in Northamptonshire

Corby, Northampton
REF: R07671

Asking Price:
£55,000
Annual Turnover:
£133,284
Annual Net Profit:
£26,184
REF: R07671

Overview

Tenure:
Leasehold
Established:
2015
  • Excellent reputation
  • Loyal customer base
  • Spacious, well-equipped premises
  • Equipment included
  • Low overheads

New to the market is a café situated in the indoor market of Corby’s town centre in Northamptonshire.

Over the course of five years the café has become a beloved treasure amongst local residents, favoured for its delicious food at very reasonable prices, as well its warm, friendly service. The menu offers an excellent variety of hot and cold food across its breakfast and lunch menus, as well as numerous beverage options and an ice cream parlour. Many customers especially appreciate the availability of gluten free and Slimming World recipes, whilst local delivery is also available for those unable to visit in person.

The business prides itself on a 5* hygiene rating and its provision of a relaxed, welcoming environment within its spacious premises of 60 covers, therefore allowing customers to take their time and soak up the market’s ambience. The café’s outstanding reputation has amassed a stream of five-star online reviews and attracted an impressive 80% repeat customer rate, thus making this a strong and reliable purchase for a buyer.

The café occupies floor space within an indoor market in the town of Corby in Northamptonshire. The location is perfect as the indoor market provide an excellent level of regular footfall to the café from other stalls, including both new and regular customers.

Visitors enter the indoor market to find numerous stalls selling a variety of products, including clothing, jewellery, interiors, and a hair salon. The café is situated towards the rear of the market where customers can browse from a display of items. Behind this is a large kitchen, work area, and cooling cabinets for food. A spacious seating area is found at the front of the kitchen and work area, comfortably offering room for 15 tables with 4 seats each.

All equipment is incorporated in the sale price, including cookers, microwaves, fridges, dishwasher, coffee machine, and furniture. Unfortunately, a transitional period is not available with this sale.

This is would be the ideal acquisition for a local family in the town of Corby or its surrounding area, as the business presents itself as a great turnkey opportunity. Nonetheless, it would also be suitable for a competitor from the market or wider town area who is looking to grow their existing presence.

The new owner could implement various methods to achieve further growth of the café. For example, the business would likely benefit from expanding its delivery service as this option has proven increasingly popular throughout the pandemic. This could be done by hiring an in-house driver or by partnering with a third-party host, such as UberEats, Deliveroo, or Just Eat. The buyer could also host events at the café to attract extra visitors, or consider offering staff/retailer discounts to other stall holders in the market. Curating an advertising campaign may be effective in spreading brand awareness and consequent customer levels.

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  • Shopping centre location
  • High footfall
  • Nearby car parking
  • Close to local businesses
Rent
£26,000
Rates
£0
Lease Term
15
Lease Expiry
Depot at the back included in the rent, just been renewed, 5 year rent review, electrics and water also included
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

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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