Cafe for sale

Leasehold Independent Coffee Shop Located in Retford

0121 721 6440

Call

Save

Cafe

0 bed

0 bath

Property description & features

Leasehold
Coffee Shop
Turnover £370,000 pa
Fully Fitted & Newly Refurbished
High Street Location
Licensed

Leasehold Independent Coffee Shop Located in Retford
Ratings # Trip Advisor 4.5 / Facebook 4.6 / Google 4.5
Licensed
Ref 2847

Location
This delightful Restaurant and Coffee Shop is located within a prominent and highly visible trading position on the high street in Retford. Retford, also known as East Retford is a market town in the Bassetlaw District in Nottinghamshire and one of the oldest market towns in England having been granted its first charter in 1105. The town is a very busy shopping area and offers large retailers along with independent retailers all of which bring high levels of footfall to the area. There is a staff parking space to the rear and ample parking within the town centre with multiple free and paid parking options available. Retford offers easy access to Worksop (9 miles), all surrounding villages, Doncaster (18 miles), Sheffield City Centre (30 miles) and Nottingham City Centre (33 miles).

Asking Price: £85,000 plus SAV (£2,000)

Business Description
Veritas Business sales are privileged to offer to the market this respected Restaurant & Coffee Shop which is located in the market town of Retford. The owners are now reluctantly offering the business for sale due to having to focus on other business commitments. The premises was previously occupied by Clair's Accessories and was transformed into what you see today after a huge investment with no expense spared extensively refurbishing and redecorating the site from top-to-bottom. Along with the renovation they have invested heavily with top of the range equipment along with the fixtures & fittings which are all bought and paid for which are included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Honey & Fig is owner operated and employs the help of 4 full time and 15 part time zero hour contract members of staff and their average weekly sales are running at £7,200 per week circa £370,000 per annum. They have a fantastic reputation within the area for serving artisan coffee specialist teas, soft drinks, smoothies, milkshakes, alcoholic beverages, homemade cakes, with an extensive mouth-watering breakfast and lunch menu catering for most dietary requirements and their signature Afternoon Tea experience. All food is freshly prepared to order on site from their extensive menu.
We believe that there is further potential to increase revenue should you wish, by extending the current opening times on selected evenings especially the weekend and utilise the first floor for private parties and group bookings. They have a strong reputation within the local community and beyond and enjoy a high level of regular and repeat trade along with many new shoppers. This is a superb opportunity to purchase a turnkey business where all the hard work has been done and is a great base to build upon and as such early viewing is highly recommended as this is gem is not to be missed.

Opening Hours
Monday - Friday - 9:00am - 4:00pm
Saturday - 9:00am - 4:30pm
Sunday - 10:00am - 4:00pm

Leasehold
Term: 10 years (Agreed Aug 2018 with a break option Aug 2023)
Remaining: ends June 2028 and can be extended
Rent: £24,000 +vat pa
Reviewed: Aug 2023
Business Rates: TBC

Licenses
A3 Licence
Alcohol Licence
Outdoor seating licence

Ground Floor
Coffee shop comprising: tables & chairs to cover (38), 3 baby highchairs, serve over sales counter with covid screen and EPOS till system (Square), computer monitor, custom made glass cake display cabinet, wall mounted wooden display shelves, undercounter storage shelving, two under counter fridges, under counter freezer, double door drinks chiller, on-Demand coffee grinder (Macap), dual head espresso coffee machine (Iberital 1B7), handwash basin, cups, glassware, teapots, jugs and cutlery.
Gents W/C with wash basin.
Ladies W/C with baby changing, wash basin, electric water heater and wall mounted paper towel holder.
Hallway with stairs to 1st Floor

First Floor
Restaurant comprising: tables & chairs to cover (16), wooden cabinet, on-demand coffee grinder(Macap), dual head espresso coffee machine (Iberital 1B7), under counter drinks chiller, POS printer, drawers, wooden clock and two display shelves.
Storeroom/office.
Kitchen comprising: 5 ring ceramic hob & oven (Montpellier), undercounter fridge (Polar), undercounter freezer (Polar), triple fridge & saladette (Polar), three chest freezers, tall black fridge (Beko), two microwaves (Adexa), standalone fryer (Adexa), plate warmer (Lincat), bain-marie (Buffalo), wide panini grill (Adexa), 4 slice toaster (Dualit), food warmer (Glo-Ray), dishwasher, eight stainless steel benches, double free standing commercial sink, handwash basin, all utensils, jugs, mixing bowls, pans, oven trays and all crockery.
Office with HP printer, filing cabinet, desk.
Top Floor x 2 large storerooms used for storing seasonal decorations and equipment etc.
The property benefits from electric heating & air-conditioning

External
Frontage with external seating for (8).

EPC Rating E

Show full descriptionHide full description

Visit agent website

Places of interest

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

Request viewing/info

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

Visit agent website

Agent's properties

See more properties like this:

*DISCLAIMER

Property reference 2847. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area

Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

*Call rate information

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.