Thriving Café & Tearoom in Northampton

Northampton, Northamptonshire
REF: 04027

Asking Price:
£50,000
Annual Turnover:
£130,000
Annual Net Profit:
TBC
Featured
Reduced
Recently Sold
REF: 04027
Photo of Thriving Café & Tearoom in Northampton
Photo of Thriving Café & Tearoom in Northampton
Photo of Thriving Café & Tearoom in Northampton
Photo of Thriving Café & Tearoom in Northampton

Overview

Tenure:
Leasehold
Established:
2015
  • Huge growth potential
  • Excellent Reputation

This is a fantastic opportunity to acquire a growing business which serves a wide range of home-cooked produce and tasty drinks and has grown rapidly since it began trading in 2015.
Having amassed a solid reputation as a café in the local area, the business has attracted a large customer base and through keeping overheads low, has generated high yearly income.
Due to lifestyle changes, the current vendor is looking to pass this lucrative platform over to a new buyer.
With strong foundation set, this is a turnkey operation which is primed for additional expansion.

This is a flourishing and highly-regarded café which serves a wide range of delicious home-made cakes and snacks as well as tasty beverages, all available to eat in or take away at competitive yet reasonable prices. It also offers bespoke birthday party packages for up to 15 children.
It functions from an immaculate building which has an attractive, modern exterior displaying the business name and logo above the main entrance. Well fitted and furnished, the interior is comprised of a spacious open plan floor with ample seating for diners. There is a well-equipped kitchen located to the rear of the floor, behind the serving counter.
There is a childrens play area available with a good selection of toys.
Through maintaining high standards of produce, it has achieved a 5-star food hygiene rating and won the 2016 SME Northhamptonshire New Business of the Year award.
Having grown organically through word of mouth recommendations, the business also manages a user-friendly website which showcases its menu, details its service and allows customers to make table reservations in advance.
It is also present on Facebook, Twitter and Instagram, which aids advertising.

Intelligent Business Transfer are delighted to offer for sale a well-known, high quality eatery, favoured by local inhabitants for its range of delicious food and drink and its excellent service.
Established in 2015, this business has successfully generated high annual turnover in excess of £130,000, The business’ staff ensure a reliable and friendly service which has helped attract a loyal customer base and allowed the business to trade consistently all year round.
With strong foundations already set, the new buyer could easily step in and not only continue running operations, but could leverage the business’ reputation and look to develop further.
Listing on popular sites like JustEat and Hungry House would be beneficial to the business growth and the new owner could look to introduce a local delivery and external catering service to attract further patronage.
Adding new food and drink options would also attract further patronage and a customer loyalty scheme would guarantee repeat custom.
Extending opening hours to include evenings could also allow it to function as a bistro.
Increased advertising via social media, as well as locally through leaflet drops would also be beneficial, resulting in a larger customer base.
Furthermore, planning permission can be obtained to develop the rear of the premises as well as the cellar. This could help expand the business, providing further space for customers to dine.
This is an ideal opportunity for an individual with a keen interest in the catering sector and would equally suit a first time buyer looking to manage a business in this geographical location. An added benefit of this business are the rates, which are decreasing from April 2017 and are expected to be between £12,000-£14,000 rather than the current £18,000.
Intelligent Business Transfer are searching for a suitable buyer.

Features

Online Presence

Website: www.mariascoffeeandcake.co.uk

Location

Property

Annual Rent
£20,000
Annual Rates
£18,000
Lease Term (Years)
5 years
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
This business does not require an EPC

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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