Restaurant/cafe for sale in King Street, Sheffield S3

Restaurant/cafe for sale
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Property description

Please Quote Reference B05804

Hilton Smythe welcomes to the market Shugga Gelato on King Street in Sheffield. The business has been operated by the current vendor for just under eight months in which time It has begun to grow and attract a regular clientele and which due to health reasons this very rare and exciting opportunity has now become available.

The business operates as a café and dessert parlour offering a tasty selection of café specials such as jacket potato’s, panini’s, salads, Hot & Cold drinks, Lasagne and much more along with a delicious selection of desserts and ice cream which have proven to be very popular with the locals.

The business model is for passing trade with a Just Eat service also available for the dessert menu which is steadily growing and now accounts for 25% of the turnover and is on an upwards trajectory.

The vendor completely refurbished the site from an empty shell to a very high standard, the sale includes all the equipment necessary for the business to function in its current format including the Ice Cream display fridge which is of significant value. The site has the benefit of both a ground floor service area plus an additional first floor trading area which the new operator could easily expand into and would be ideal for private functions.

This is an ideal opportunity for either an established operator looking for an additional site or an individual or partnership looking for their first business venture to carry on the current theme or to tweak the food offering to their own personal preference.

The site is in a very busy and sought-after trading location with a good spread of assets and is being offered to the market with very affordable in-going and running costs.

Situated on King Street in Sheffield City Centre, the site is easily accessible on foot and by all modes of transport just off the inner ring road and close to the Cathedral Quarter with plenty of public transport passing the site and the benefit of ample pay and display parking close by.

Two storey business unit located on King Street in Sheffield. Front entrance through to main trading area with service counter, tables, chairs and soft furnishings, Refrigerated Ice Cream display unit, salad bar, jacket potato oven, stainless steel service unit, Multi-functional WC Rear kitchen and preparation area with additional storage. Fridges, Freezers, Ovens, stainless steel storage and preparation unit’s CCTV system, air-conditioning. Access form the main service area to the additional first floor trading area.

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £14,500 per annum with 9 years remaining on the original 10 Year lease.

The opening hours are currently 10.00am to 6.00pm Monday to Saturday.

The business is run and managed by the current vendor plus family assist with 1 x full time employee.

Financial Profile
We are advised the business is turning over in the region of £50,000 per annum as a new start up trading limited hours to suit the vendors circumstances.

Business rates are under review with the council and are currently £6,000 per annum. For further information B05804.

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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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