Restaurant/cafe for sale in The Marlowes Centre, Marlowes, Hemel Hempstead HP1

£89,995
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Property description

Business
Hilton Smythe is delighted to welcome to the market this popular coffee shop, ideally located within the centre of Hemel Hempstead in Hertfordshire.

The business was originally established in 2008 and has been in our client’s careful ownership since 2011. Only now is the business offered to the market, due to our client’s other business interests. The coffee shop currently operates 7 days per week and generates a turnover in the region of £285,000 per annum, with a gross profit of approximately 44%, as per the 2015 accounts.

Our client offers a wide variety of speciality coffees, teas, hot chocolates, shakes and smoothies, as well as hot and cold snacks and tempting desserts. Our client also helps the local community, with support groups being held on the premises, as well as open mic night and live music events, which have proved to be very popular, as the premises is licenced for alcohol consumption the business holds an A3 Licence.

The property boasts 226 sq. Metres of floor space, is very well maintained and decorated to a very high standard throughout. The ground floor offers approximately 60 covers and the main service area. The first floor has 25 covers, with a service/bar area and a rear store room.

The business has built up an excellent reputation for the very high quality of the accommodation and service offered, which has resulted in a loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel the turnover could be increased by extending the opening hours. The first floor could be developed further to add further seating. Our client already utilises social media, with a page on the very popular Facebook, which currently has a fantastic 659 likes, although the business would benefit from a standalone website to promote the goods offered.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
Tikis Coffee occupies substantial two storey premises, ideally located within the new town of Hemel Hempstead in Hertfordshire. The property is situated on the very busy Marlowes shopping parade and is surrounded by a multitude of shops, businesses and offices, therefore, benefiting from a very high volume of footfall. The area is surrounded by densely populated residential areas, from which the business derives much of its trade.

Hemel Hempstead is a large new town in Hertfordshire, East of England. According to the 2011 census, the town had a residential population of 94,932. The town centre contains many sculptures by notable artists from the 1950s. Hemel Hempstead is a popular place to live and work, due to its close proximity to London.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Hemel Hempstead railway station is approximately 1½ miles away. The area is also well served by the road networks, with both the A414 and A41 being within easy driving distance, which link to the national a-road and motorway networks. St Albans is approximately 7 miles away and Watford is 11½ miles away.

Premises
Substantial two storey premises in a prime trading location, briefly comprising:

Ground floor with:

Wood effect flooring.
Recessed spot lighting.
Tables, chairs and settees for 60 covers.
Bespoke serve over counter.
Serve over chiller unit.
Epos till system.
Ladies and gents’ WCs.
Office.
Fire escape to rear.

First floor:

Covers for 25.
Service/bar area.
Sink unit.
Store room.

Equipment included:

Coffee machine.
4 x coffee grinders.
Dishwasher.
2 x sink units.
2 x hot water dispensers.
2 x blenders.
Panini press.
Microwave oven.
2 x toasters.
Convection oven.
Chiller display with fridge built in.
Epos till system.
Credit/Debit card terminal.
2 x upright chiller units.
4x freezers.
Air con & heating unit (first floor)

External:

Cover for approximately 16.

Tenure
We are advised Leasehold:

Original lease length: 15 years
Remaining lease length: 5 years, as of February 2018
Rent: £50,000 per annum

Hours
The business is open:

Monday – Friday: 7.30am – 5.15pm
Saturday: 7.30am – 5.45 pm
Sunday: 9.00am – 4.45pm

Staff
The business is owner run and managed with 5 x staff members.

Financial Profile
The business generates a turnover in the region of £285,000 per annum, with a gross profit of approximately 44%, as per the 2015 accounts.

Nearby transport

  • Hemel Hempstead (0.9 miles)
  • Apsley (1.3 miles)
  • Kings Langley (3.4 miles)
  • London Luton Airport (9.7 miles)
  • London Heathrow Airport (18.9 miles)
  • London City Airport (28.3 miles)
  • Kew Pier (19.9 miles)
  • Richmond St. Helena Pier (21.4 miles)
  • Richmond Landing Stage (21.5 miles)

Nearby schools

View all schools in Dacorum
  • South Hill Primary School (0.2 miles)
  • Tudor Primary School (0.5 miles)
  • Boxmoor Primary School (0.6 miles)
  • St Albans Independent College (6.0 miles)
  • Regent College (12.8 miles)
  • Harrow School (13.6 miles)
  • The Hemel Hempstead School (0.2 miles)
  • Lockers Park School (0.5 miles)
  • The Collett School (SEN) (0.6 miles)
Note: Distance is shown as a straight line measurement

Local info for Dacorum

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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