Barncliffe Mills, Shelley£35,000
A superb opportunity to purchase this profitable café business which is operated from a desirable setting in a former mill complex. From a standing start in April 2017, our client has established a profitable concern which continues to show growth and is ready made for a new owner to come in and take things on to the next level by growing awareness of the café and increasing the number of functions, private parties and events. The business benefits from a mixed client base including employees of other businesses within the complex, visitors to dance and martial art classes as well as regular trade from the general public.
Turnover (Year End 31/3/18): £116,596.
Trading Profit: £32,590.
The trading figures for the current financial year are already showing strong growth on last years and we would anticipate greater returns for the year providing this continues.
The property is rented and the landlord has indicated that he is willing to negotiate terms with the new owner and establish a new 3 or 5 year lease.
The business was opening in April 2017 by our client with the aim that it could be run alongside her own graphic design business which was planned to be operated from the same premises. The success of the café has halted the growth of her original business, therefore our client has taken the decision to sell the café and concentrate her efforts fully on design.
A business has been established within the premises since circa 2010 although this had been closed for some time before our client took over the building. A comprehensive scheme of cosmetic refurbishment has been carried out on the premises along with the purchase of new furniture, fixtures and fittings. This will allow the successful purchaser to commence trading straight away.
The café is currently open 6 days a week (Tuesday to Sunday). It enjoys a good breakfast takeaway trade from the other businesses on site, followed by a lunchtime trade from the general public. Weekends are the busiest times as it benefits from parents taking their children to dance and martial arts classes in the adjoining buildings. The breakfast and lunchtime menus are both popular.
Our clients encourage parents and children to visit and have created a child friendly play area. Dog walkers are also welcomed and a special section of the menu is dedicated to four legged visitors.
Our client holds an alcohol license for the premises and hosts private parties on site, currently this stands at about 1 a month but we feel that there is obvious potential to add to this lucrative income stream by increasing the number of bookings and also adding theme nights for the general public.
Our client is the only full time member of staff in the business, she is assisted by 2 part time staff during the week and up to 6 staff on a weekend.
The business is backed up by a strong social media presence and website which will be included within the sale and is proud to have a 5 star hygiene rating.
Strictly by appointment with Wm Sykes & Son.
The member of staff dealing with this sale is Niki Broadhead. Telephone: (01484) 683543.