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Leasehold Independent Coffee Shop In Retford For Sale

Retford, Nottinghamshire, UK
Asking Price:
£84,950 Furniture / Fixtures included
Sales Revenue:
£275,000
Cash Flow:
Available on request

Leasehold Independent Coffee Shop located in Retford. Licensed and comes fully fitted. Prominent high street location. Further potential.

Veritas Business sales are privileged to offer to the market this respected Coffee Shop which is located in the market town of Retford. The premises was transformed into what you see today by our clients back in August 2018 and they are now offering the business for sale due to emigrating to Canada in 2022.
The premises were previously occupied by Clair's Accessories and since ownership they have undertaken extensive refurbished and redecorated to include new equipment along with fixtures and fittings which are all bought and paid for and 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 3 full time and 7 part time members of staff and for the period 17th May 2021 – 31st December 2021 they posted a turnover of £151,127 net of vat. They have a fantastic reputation within the area for serving artisan coffee which is their very own special blend and this equates to 60% of the turnover. The remaining 40% comes from specialist teas, soft drinks, milkshakes, alcoholic beverages, homemade cakes, freshly cut sandwiches, toasties, soups, jacket potatoes and their signature Afternoon Tea experience. All food is freshly prepared to order on site, using only the finest locally sourced produce.
We believe that there is further potential to increase revenue should you wish, by extending the current opening times. 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.

Property Information

Property:

Leasehold

Lease Terms:

Term: 10 years (Agreed Aug 2018 with a break option Aug 2023)
Remaining: ends June 2028
Rent: £28,800 pa
Reviewed: Aug 2023
Business Rates: zero

Leasehold Rent:

£28,800 per annum

Location:

This delightful 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).

Premises Details:

Ground Floor
Coffee shop comprising: tables & chairs to cover (36), 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.
Storeroom which is a large space for storing seasonal decorations and equipment etc.
The property benefits from electric heating & air-conditioning

External
Frontage with external seating for (8).

Energy Performance Rating:
E

Business Operation

Trading hours:

Monday – Sunday – 9:00am – 4:30pm

Years established:
3 years

Other Information

Inventory / Stock value:
£2,000

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