Restaurant/cafe for sale in Bull Ring, Wakefield WF1

£54,995
Restaurant/cafe for sale
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Property description

Business
Hilton Smythe welcomes to the market Mr. And Mrs. C`s. The business was established in 2015 and taken over by our client in 2017, though she has thoroughly enjoyed running the business, it is now time to move on to her next venture. The café has been a great success and in 2018 -19 generated a turnover of £138,886.

The business runs as a café in the city centre of Wakefield. There is an excellent menu available, this includes jacket potatoes, sandwiches, cakes, afternoon teas and a selection of vegan dishes, plus hot and cold beverages including a selection of alcoholic drinks.

There is potential to boost turnover if the purchaser looked to extend the seating area on the lower floor, there is also external covers at the front for 8 people. Mr. And Mrs. C`s has only been open for 3.5 years, with further advertising and marketing the business could see an increase in custom.

The business holds a 5-star hygiene rating.

Our client has run this business to a very high standard and has invested a generous amount of money and time. Due to the high quality service and products our client has expanded and maintained an excellent customer base, which has led to a 5 star review status, customers stating ‘Lovely lunch today, the staff are friendly the surroundings are decor are stunning’ and ‘Such lovely food. The staff are super welcoming and its always a nice atmosphere. They do amazing jacket potatoes and sandwiches especially. Lovely little cafe.’ Our client is offering a hand over period to ensure the continued success of the business.

This is a turn-key opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
Mr. And Mrs. C`s is in Wakefield, West Yorkshire. The business is situated in the city centre of Wakefield. This is a bustling location that receives a generous amount of footfall and passing trade daily.

The city is filled with a variety of retail outlets, this includes some independent retailers and larger well-known brands. Close by there is a bar, opticians, pub, restaurants, clothing stores, shoe shops and much more. Wakefield is a city that has five towns in its district, this includes Normanton, Pontefract, Featherstone, Castleford and Knottingley. The city boasts a population of circa 325,800 as of the 2011 census.

The city centre location allows the business to benefit from great public transport and excellent road connections. There are bus stops within walking distance of the property, the train station is also just a short 10-minute walk away. Around the city is the A61 this connects to the M1 motorway network at Car Gate. The city lies in between Leeds and Sheffield.

Premises
Mr and Mrs C`s is served by 2 entrances, one from the pedestrian area and a second from the opposite end of the building on the roadside. The property is well-signed at both entrances and looks presentable. The open plan cafe has seating for 30 inside and 8 external covers. The café has a shabby chic feel and looks modern and welcoming with its unique, bespoke décor and furniture. The walls and floors are white, this allows for a bright and airy retail space. At the pedestrian entrance is the serving area with cold display counter, coffee machine and kitchen area.

Our client has put a lot of time, money and effort into bringing this business up to such an exceptional standard. Stairs lead down to the lower level where there is a storeroom, staff room and customer toilet. The vendor indicates that this area could be developed for additional seating if required.

Equipment included in the sale includes:


  • Gaggia automatic 2 group coffee machine.

  • 2x Buffalo contact grills.

  • Serve over deli fridge.

  • Glass display drinks chiller.

  • Three double pan Bain Marie.

  • Ice drinks blender.

  • Shmoo milkshake machine.

  • Buffalo soup warmer.

  • Tall larder fridge.

  • Fridge freezer.

  • Undercounter fridge.

  • Small chest freezer.



Tenure
We are advised the business is being sold as a Leasehold opportunity. Original lease length: 5 years Remaining lease length: 2.5 years as of Dec 2019.

Rent: £14,500 per annum.

Hours
Monday - Saturday: 9am – 4pm

Sunday: Closed

Staff
The business is owner ran with several part time staff members.

Financial Profile
The business reports an annual turnover iro of £138,886, as per the 2018 – 2019 accounts.

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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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