Guide Price: £35,000
Martin Diplock Chartered Surveyors & Estate Agents - Commercial Property
Pre-Covid 19: 19 Cover Inside Dining Area and 12 Cover Alfresco Area
After Covid 19 Regulations: Interior Seating is 12
An attractive catering opportunity comprising renowned daytime Coffee Shop/Cafe, currently operated on a 'lifestyle basis', serving easy menu, trading favourable hours, offering new owners further opportunities should they wish to pursue. Operating from uniquely styled premises offering 19 cover dining area, server counter, preparation/kitchen/wash-up room and customer cloakroom, whilst outside to the rear is an alfresco dining area offering up to 12 covers and useful storage shed.
The business commands an excellent reputation, ensuring a strong following from local residents and businesses, providing all year round trade, together with a boost from the many visitors to the town. The business has received excellent online reviews and regular listings in coffee guides.
The business is situated towards the top end of the town, fronting the main road to Uplyme and on one of the approach roads to the nearby town centre and seafront, nestled amongst other businesses and next door to a beauty salon. The business borders residential areas, including a great deal of holiday accommodation, proving lucrative with a good level of foot flow, provided by pedestrians, making their way to and from the town centre/seafront. Opposite is free restricted parking with additional free street parking close by within 150 metres or so. Broad Street, the town's main shopping street which features a wide range of independent shops and nationals such as Co-Op, Tesco Express, W H Smith, Boots the Chemist, Fat Face, Sea Salt and Joules. Also close by are the delightful Langmoor and Lister public gardens which lead down to the seafront and harbour.
Lyme Regis is a picturesque coastal town noted for its many character buildings, centuries old Cobb Harbour and unspoilt surrounding countryside. The town centre provides good shopping facilities for day to day needs and the larger centres of Taunton and Exeter are both about 28 miles away. There is a main line railway station at Axminster (6 miles inland). In Lyme Regis there is also a sailing club, bowls, golf course, theatre and numerous local societies.
The town is situated on the beautiful and unspoilt Devon and Dorset 'Jurassic Coast' awarded World Heritage Site status by UNESCO in December 2001.
Commanding a 5* EHO rating, recessed fully glazed double frontage, central glazed double doors, opening to DINING AREA, wood effect laminate flooring, blackboard wall menus, feature pendant lighting, a mixture of free standing chairs together with tables, armchair seating and some bar seating, providing 19 covers. Post -Covid 19 the bar seating has been increased and some tables removed (to ensure social distancing) and this has proved very popular with visitors. However it could readily revert back to the original layout. The current arrangement has 12 covers inside. To the rear, SERVERY COUNTER, host to La Marzocco 3 Group coffee machine, Mazza Coffee Grinder, knock out box, under counter fridge and under counter freezer. Work Counter behind together with base storage unit and stainless steel sink unit, host to 2 further grinders and V60/pour over Coffee Station. Through to REAR LOBBY, leading off is the PREP/KITCHEN/WASH-UP ROOM, fitted with work counters, wall storage shelving and sink with hot water heater over, contains a range of equipment to include 4 ring cooker, microwave oven, 2 x Panini machines, toaster, under counter fridge and commercial dishwasher.
The Dining Area and Servery measure approx. 10' (6.1m) x 14'6 (4.42m).
Back door from the rear lobby provides access to the Customer CLOAKROOM, fitted with toilert, hand washbasin and unit, which can be used as a baby change facility. A rear COURTYARD (6.7m x 2.42m) offers ALFRESCO SEATING with freestanding tables and chairs, complete with parasols, providing up to 12 covers. The yard provides access to large useful STORAGE SHED, and benefits from a hand washbasin and cloakroom with toilet.
An established business acquired as a semi-retirement venture by the current owners in 2016, since which time considerable success has been enjoyed and sales continued to increase. It is now offered for sale to pursue full time retirement. Operating as a daytime Coffee House/Cafe, priding itself on the quality of the coffee served and serving speciality roasts, not available elsewhere in the town and ensuring a strong following. Also offering a range of teas, soft drinks and snacks, including croissants, bagels, toast, soups, sandwiches, ploughman's and cakes. Customers can eat in or takeaway. Such is the trading location, a great deal of regular all round trade is received from the surrounding residential and business community, together with a boost from visitors to the town, attracted by the reputation of the business - with excellent reviews and listings in specialist Coffee Guides.
The business trades Monday to Sunday 10.00am to 4.00pm and there is ample scope to open additional hours, should the new owners so wish. The vendors close the business for approximately 2 weeks each year in order to take annual holidays. During winter 2019/20 the Coffee Shop has been closed every Tuesday.
The business is easily manageable and can be operated by 1 person most of the time. The business is currently operated by a husband and wife team, who operate the business on a lifestyle basis, employing 1 part time member of staff, who runs the business on Wednesdays and Thursdays.
Accounting information provided in respect of the financial year ended 5th April 2019 confirms sales of £57,953 returning a gross profit of £43,102 equating to an excellent 75% reflecting the menu lines on offer. The low overheads, in particular those associated with the premises, ensures the business remains profitable, despite the relatively low opening hours.
Held on the residue of a renewable 6 year lease, which commenced 1st October 2018, current rent £7,140 per annum.
Rateable Value: £6,300
Rates Payable: Nil. The proprietors currently receive 100% rate relief.
The Sale of Amid Giants & Idols provides a rare opportunity to acquire a renowned developing business, which lends itself to further development through longer opening hours and increased menu lines, such as breakfasts and increased takeaway products. Opportunities also exist to attend outside events (outside catering equipment is also included in the sale), as well as developing online sales. New Owners will benefit from lucratively positioned premises, but at the same time enjoy low overheads.