Restaurant/cafe for sale in Florence Walk, North Street, Bishop's Stortford CM23

£24,999
Restaurant/cafe for sale
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Property description

Business
Hilton Smythe welcomes to the market Guy & Joe's, which was established by our clients at the end of 2017 and has been a Café since 2006.

Our clients are now looking to move to larger premises in another part of Hertfordshire.

Prior to our client taking over the business the shop was a traditional sandwich bar, now our client has refurbished the premises and introduced an Italian feel to the Café but have kept the traditional British café element to the business, they have also added indoor seating to complement the outside seating to the front for 2 and within the arcade for up to 6.

Our clients have now introduced Italian lines to the business and sell Paninis, Italian cakes, Italian coffee in addition to traditional British food.

The business has many repeat customers including many workers from local estate agents, offices and other shops.

Since taking over at the end of 2017 the business has only 5* reviews on Facebook and Google and has built a great reputation locally, which has increased the turnover from the previous owners by approximately £10,000 in the first year alone.

Our client has also built up an outside catering element to the business having a few local large businesses using them on a regular basis.

There are many reasons to buy Guy & Joe's including:


  • High footfall area

  • Growing reputation

  • Increase turnover by considering increasing the reasonable prices

  • Expansion into more outside catering


Hilton Smythe highly advise early viewing to avoid disappointment

Location
Guy & Joes is located in the bustling town of Bishops Stortford, Hertfordshire, in an arcade with the frontage on a main shopping street within the town, close to many estate agents and offices.

The business is surrounded by many shops which bring a high footfall to the area. Guy & Joe's has a distinctive signage to the front, has private parking for a vehicle to the rear and is close to the main Waitrose car park in the centre of town.

Bishops Stortford is an affluent town with a population of circa 37,838 as of the 2011 census, which grows during the week due to the many workers, shoppers and visitors who come to the town.

Bishops Stortford is located close to M11 and Stansted airport and has many other transport links including rail to London Liverpool Street.

Premises
The premises is located in Florence Walk, which is an arcade directly off North Street, a main shopping street in the town, which the shop fronts.

The arcade has shutters that open at 6.30 am and close at 6.00 pm, 7 days a week.

In the arcade directly outside the shop our client has 3 bistro tables with seating for 6.

The entrance door is from the arcade and leads into the seating area, with 2 table with seating for 4.

Behind the counter is the kitchen area, which has a 4* hygiene rating.

Coffee machine and grinder (with 3-year warranty from end 2017)
Buffalo double panini machine
Twin sinks
Storage cupboards
Worksurfaces

Display fridge for fresh meat, cheese, salad etc
Slicer

Fridge
Freezer
Microwave
Bread store

There is a parking space to the rear of the arcade.

Tenure
We are advised the business is being sold as a Leasehold business opportunity with a Lease that expires in 2030.

Annual rent is £13,000 plus VAT.

Rates are currently zero.

Hours
The business opening hours:

Monday - Saturday: 8.00 am – 4.00 pm

Sunday: Closed.

Staff
The business is run and managed by our clients.

Financial Profile
As per the 2019 accounts the business generated a turnover of around £74,360 with a gross profit at circa 63%.

Arrange Viewing

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

Contact Hilton Smythe Commercial about this property

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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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