Restaurant/cafe for sale in Manor Drive North, New Malden KT3

£24,999
Restaurant/cafe for sale
Interested in this property? Call +44 1204 351867 * or Request Details

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Property description

Business
Please Quote Reference B05771

Hilton Smythe are delighted to present to the market Bluemoon Baguettes, a well-respected sandwich takeaway and cafe business established by our client in 2012 who is now selling the business due to her wish to retire.

The business focuses on providing both freshly made sandwiches, hot pasties, and daily specials to either eat in or takeaway, the menu includes -


  • Fresh baguettes baked on site with a choice of vegetarian fillings, seafood fillings, meat fillings and chicken fillings.

  • Traditional breakfasts, jacket potatoes and salads.

  • Hot sausage rolls, meat, cheese or curry slices.

  • Desserts, fruit salads, snacks and cold drinks.

  • Curry’s, samosas, meal deals and daily specials.

  • Group palettes and outside catering options.

  • Fresh bean to cup coffees and teas.


The business is extremely popular with local businesspeople, tradesman, schoolteachers, residents and students.

Our client advises us there’s a peak early morning with local commuters working in central London and then at lunchtime (11.30-1) with residents, teachers and office workers.

Majority of the trade is derived from walk in trade however our client also uses UberEATS and Deliveroo for delivery customers. Our client informs us previously her husband managed 3 x food vans from the business which serviced the local offices, any new owner would benefit from adding this back to the business and could easily add a further 40% to the current weekly sales levels.

Any new owner would benefit from extending the current opening hours as well as opening the business at the weekends. Adding a new website, social media presence would help promote the business to new customers as well increase the outside catering side of the business.

The business benefits from low rent and 0 business rates.

Due to the low price sought, the long lease and location we strongly recommend early viewing to avoid disappointment.

Location
Bluemoon Baguettes occupies a highly desirable trading position along Manor Drive North in New Malden, Surrey.

The business sits on a busy parade of local shops which includes a chemist, newsagents, Londis and Co-op store as well as other takeaways/cafes.

Manor Drive is located just off the roundabout which connects to Sheephouse Way, Brightsparks nursery and Richard Challoner school.

Malden Manor mainline station is located directly across.

New Malden is a popular suburb of south-west London, located mainly within the Royal borough of Kingston upon Thames and located just 9 miles from Charing Cross.

There is a good availability of free customer parking surrounding the business.

Premises

  • Customer dining area -
    includes space saving chairs and tables enabling 4 x covers each. (There is enough space to increase sit down dining with some additional raised window seating).

  • Service area -
    Double glass fronted drinks chiller.
    Glass fronted self-service hot pasty oven.
    3 x M Glass fronted service chiller, till, card machine.
    Wall mounted bakery display shelving.
    2 x arm semi-automated coffee machine and grinder.
    L shaped wall mounted storage cabinets and base cabinets, stainless steel worktop and back panel.
    Central prep table, hand wash sink, stainless steel warming cupboard.
    2 x container slush machine, delivery order pads, panini grill and toaster.

  • Rear Kitchen -
    2 x chest freezers.
    Turbo fan oven.
    2 x panini grills.



Tenure
The business is being offered as a Leasehold with 7 years remaining on a 15-year renewable lease paying just £10,525 per year. The business benefits from full small business relief paying 0 rates in the current year.

Hours

Monday to Saturday - 6am - 4pm



Staff
The business is run by our client with the help of 1 x part time member of staff who assists with the business lunchtime period.

Financial Profile
The business average around £1,300 per week with the annual Turnover achieving £65,000 - £70,000 with a Gross profit of £40,560 and adjusted Net profit of £20,000. For further information please quote reference B05771.

Arrange Viewing

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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