Restaurant/cafe to let in 5 Folly Lane, Petersfield GU31

£17,000 pa (£327 pw)
Interested in this property? Call +44 1204 351867 * or

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Property description

Business
Hilton Smythe are delighted to welcome to the market Gyspy Kitchen. The business is a well-established cafe and fine dining business. Originally established in the 1980’s under a different name, and taken over by our client in 2013 with a change of name the business has thrived in such a short time. The business is currently generating an advised turnover of £75,898 per annum with a gross profit of 71%.

With a trained chief on site, using locally sourced produce to create all their handmade products. The business is well known in the area, and has gained fabulous reviews on TripAdvisor for the great hospitality and amazing food. The business has a supper club Friday which sells out every week.

This business also caters for outside events, which generates a good chunk of revenue. The business would benefit from increasing opening hours and opening on Mondays. The business doesn’t have an alcohol licence but can be arranged if required. Opening nights could open up to a larger customer base, and would increase profits.

Our client is now looking to sell the business due to other business ventures. This thriving business has been well established in such a small period of time. The business would certainly benefit from a determined and well-motivated new owner, to continue this fantastic business. I highly recommend viewing this fantastic opportunity.

Location
Gyspy Kitchen is in the densely populated area of Petersfield, Hampshire.

Located at the end of a quaint side street, within the town centre close by to the main shopping centre. Shops include Waitrose, Marks and Spencers, Boots and many other large stores.

The town centre location means that the area is well served by public transport, with the nearest bus stop a 2 minute walk from the cafe. Petersfield train station is just a few minutes’ walk away, there is a large amount of footfall and passing trade in the area.

Petersfield is a large town in Hampshire, and has a connecting road through to Portsmouth and central London.
Premises
Ground floor

Recessed white painted wooden door with Georgian barred glazing lead you into this charming cafe. Carpeted throughout with light grey short pile carpet. Brightly painted sunflower yellow walls blend beautifully with the white coving and ceiling, offset by the blue and white gingham table clothes.

Equipment included in the sale-

Marble effect counter tops with white cupboards doors.

1 x Beko branded grey under counter fridge.

1 x l’anna branded two handle coffee machine.

1 x iberital branded electric coffee bean grinder.

1 x electronic unbranded till.

1 x glass fronted unbranded under counter chiller

To the back of this floor is a small pantry with a Samsung full height fridge, and a Beko branded under counter fridge and a freezer.

In the kitchen there is a lot of equipment-

Multiple stainless steel prep tables some with underside shelving.

1 x samsung CM1929 branded stainless steel catering microwave oven (1850w)

1 x buffalo branded stainless steel table top griddle unit

1 X blue seal branded stainless steel free standing turbofan 31 with matching blue seal quad ceramic plate hob unit.

1 x twin stainless teel free standing sink unit with right hand drainer.

1 x Diamond fast wash free standing stainless steel dishwasher.

1 x frigidaire RL9102A branded under counter fridge.

1 x beko branded white under counter fridge.

Two stainless steel unbranded extractor units (wall mounted)

To the rear of the premises there is a staff/customer toilet.

Outside of the business is more seating for customers, however the back yard could also be used for Al fresco dining. The yard is currently used for outside events.
Tenure
We are advised that the business is leasehold

New 10 year lease granted as of 2017.

Rent £8,700 per annum
hours
Business opening times-

Monday: Closed

Tuesday-Saturday: 9am-5pm

Sunday: 9am-3pm

Supper club on Friday 6pm-9pm
staff
The business is run and managed by our client with the help of 2 other members of staff.
Financial profile
We are advised the turnover for the business is around £75,898 per annum

With a gross profit of 71%

Nearby transport

  • Petersfield (0.3 miles)
  • Liss (3.3 miles)
  • Liphook (7.5 miles)
  • Southampton Airport (18.8 miles)
  • Shoreham Airport (30.2 miles)
  • London Gatwick Airport (33.9 miles)
  • Bosham Hoe Ferry Landing (13.6 miles)
  • West Itchenor Ferry Landing (14.0 miles)
  • Hayling Island Ferry Landing (14.9 miles)

Nearby schools

View all schools in East Hampshire
  • Petersfield Infant School (0.1 miles)
  • Herne Junior School (0.5 miles)
  • Sheet Primary School (0.9 miles)
  • Havant College (10.4 miles)
  • The South Downs College (10.6 miles)
  • Alton College (10.7 miles)
  • The Petersfield School (0.4 miles)
  • Churcher's College (0.5 miles)
  • Bedales School (1.2 miles)
Note: Distance is shown as a straight line measurement

Local info for East Hampshire

About the neighbours in GU31

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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