Restaurant/cafe for sale in Godalming, England, United Kingdom GU8, £169,995

169,995.00

Offer Nr.:
64499612
Type of ad:
for Sale
Property type:
Restaurant/cafe
Contact name:
Hilton Smythe Business Sales
Phone(s):
01204 351867

_Business_
_Please quote reference B07153_
Hilton Smythe are delighted to welcome to the market Elliott's Coffee Shop, a
highly rated Coffee Shop in Chiddingfold, Surrey.
Elliott's Coffee Shop has built up an excellent reputation and repeat client
base within the local community and beyond.
The business was established by our client in 2020, and has now come to the
open market due to personal circumstances.
Business activities -
* Amazing hot and cold drinks
* Sweet & savoury Pastries
* Freshly made Sandwiches, Toasties,
* Fantastic Cakes, Crumble Slices, Cookies & Pastries
* Seasonal specials
* Retail – support sales of local artisan suppliers which include art, candles, greetings cards and stationery, jewellery, local honey, teas and coffee.
* Gift cards
* Community driven - support local charity organisations with events/donations i. e. Local fete, primary school, village nursery and a local charity.
* Sales – advised 60% from sit in customers and 40% from takeaway
Key selling points -
* Highly desirable location
* Low rental terms with zero business rates paid
* Community driven
* Excellent reputation for freshness & quality menu
* Hot & cold food offered
* Exquisite interior – turnkey opportunity
* Excellent reviews – Google 4. 8/5, TripAdvisor 4. 8/5
* Website, Facebook (with 808 followers), Instagram (1, 598 followers)
* Potential to increase both turnover & profit
* Truly unique ‘lifestyle’ changing business opportunity
Scope to improve -
* Extend current opening hours
* Add an evening bistro menu
* Offer outside catering
* Increase the number of community driven events (both daytime and evening)
* Attend more external events/festivals
A full breakdown on all the equipment included in the sale can be made
available upon further request.
_Location_
Elliott's Coffee Shop is located on The Green, in the heart of Chiddingfold,
Surrey.
The business has eye catching signage and receives high levels of footfall and
passing trade.
_Premises_
Occupies a highly desirable location.
Ground floor -
* Contemporary yet comfortable customer space for 20 - 22
* Small retail space with shelving
* Toilet facilities
* Storeroom
External area -
* Pavement area overlooking the Green which allows for a further 10 - 14 customers
The coffee shop has been completely transformed with a £50, 000 investment made
at the start of the business.
_Tenure_
We are advised that the business is being sold on a Leasehold basis, with 2
year remaining on the 10 year lease (signed 2014). The rent is £10, 000 per
annum.
A new lease is to be negotiated with a buyer.
_Hours_
The current trading hours are -
Monday – 8: 30am to 4: 00pm
Tuesday – 8: 30am to 4: 00pm
Wednesday – 8: 30am to 4: 00pm
Thursday – 8: 30am to 4: 00pm
Friday – 8: 30am to 4: 00pm
Saturday – 8: 30am to 4: 00pm
Sunday - 9: 30am to 3: 00pm
_Staff_
We are advised that the business has 12 members of staff, 11 casual/variable
hour contracts, 1 paye contract.
_Financial Profile_
We are advised as per the 2021 accounts, the business generated a turnover in
the region of £266, 000, with an adjusted net profit in the region of £79, 000.
Further financials can be made available upon request.

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