High Street Trading Position
Popular Tourist Destination
Annual Turnover Year End 31st July 2020 - £119,529
Gross Profit Year End 31st July 2020 - £86,288
Annual Turnover Year End 31st July 2019 - £191,412
Gross Profit Year End 31st July 2019 - £134,543
Indoor Seating For 50/Outdoor Seating For 20
4 Point CCTV
Potential For 100 Seater Restaurant/Bar
Potential For Delivery Service
Scope For Evening Trade
Could Accommodate Any Cuisine
EPC - TBC
REF 7784 – Leasehold Established Licenced Café
Blacks Brokers are pleased to bring to the market this leasehold established licenced café located in Hornsea, East Riding Of Yorkshire.
The business was established by our client in this bustling and sought after area of Hornsea in 2013. The business offers a range of freshly prepared breakfasts, lunches, desserts and beverages. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. The business name will not be offered with the sale therefore rebranding will be required.
The business occupies a high street trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Tesco and The Post Office. Hornsea is very popular with tourist and holiday makers, with a beautiful beach, many leisure parks, hotels and much more. The area is well linked by the A165 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a four year lease which began in 2018 at a cost of £346 per week. As the lease is due to expire in October 2022 a new lease will be offered upon completion of a sale.
The business operates with seven members of staff in employment supporting our client working on a full time basis.
The business has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st July 2020 show that the business has an annual turnover of £119,529 and a gross profit of £86,228. Full financial information is available upon request.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This well established business occupies an enviable trading position in a popular and busy area of Hornsea. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu items and longer opening hours, there is demand for evening opening, takeaway and delivery services in this area. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.