Restaurant/cafe for sale in High Street, Stevenage SG1

Our esteemed clients have operated from this location for an impressive 23 years, initially as a florist before transitioning to a thriving coffee shop in 2010. With a devoted customer base and an outstanding reputation, underscored by glowing reviews including a 4.5-star rating on TripAdvisor, 4.7-star rating on Facebook, and 4.4-star rating on Google Reviews, the groundwork for your success has already been laid. The shop is fully equipped with inviting seating areas and all necessary fixtures, fittings, and equipment read to trade. Opportunities abound to expand upon the existing trade by extending operating days/times, implementing a delivery service, diversifying the menu, introducing fresh offerings, and hosting private events to bolster revenue streams. Whether you're a seasoned entrepreneur or embarking on your first business venture, all the essentials are in place for a seamless transition. Reach out to us today to discover more and arrange a viewing. Your journey to coffee shop ownership begins right here! RX373954

Location

Located in an exceptional trading position just steps away from the bustling High Street, this establishment offers its owner exceptional exposure to high volumes of passing trade. Surrounded by a diverse array of independent retailers and well-known brands, the premises enjoy a vibrant and dynamic setting

Tenure

5 year sublease at a current rental of £12,000 per annum exclusive. Our clients also rent the forecourt space from the council at just £120 per annum

Premises

A retail shop benefitting from a forecourt seating area which can accommodate 38 covers, with the shop itself having facia board, wooden shutter type doors leading into a small porch way with double glazed entrance doors into the premises which measures approximately 616 Sq. Ft. And is arranged as follows:

Coffee Shop

Main coffee shop area with laminate flooring, hanging feature lighting, currently arranged to provide 18 covers but could easily accommodate more if required, a centrally located display stand, various product display stands and shelving, upright display drinks fridge, serve over counter with table top heated display unit and product display unit. Behind the serve over counter is equipped with chest freezer, four slice toaster, panini press, large panini press, 2 group coffee machine, coffee grinder, hot water dispenser, and display shelving. An opening at the rear of this area leads into a prep room equipped with fridge, microwave, small oven, dishwasher, and stainless steel sink. Another door from the main coffee shop area leads through into a WC with wash hand basin and a small store cupboard. This meticulously arranged layout offers a seamless flow for operations and ensures an optimal experience for both customers and staff

Trading Hours

Tuesday to Saturday 9 am - 4 pm, closed Monday & Sunday. Our clients also close the business 2-3 weeks per year when go on holiday

Staff

Our clients operate the business full time, with the assistance of 1 Saturday member of staff

Turnover

The net turnover averages approximately £2,500 per week, working to the usual high gross profit margins associated with the trade

Business Rates

The premises is subject to a rateable value of £9,100 resulting in zero business rates payable, should small business rate relief apply to a purchaser

Legal Costs

Each party are to be responsible for their own, with the landlords legal costs to be split 50/50 based on a lease assignment