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Superb Town Centre Trading Location
Close To Multiples
Annual Turnover £61,069
Gross Profit £50,520
Split Seating Over 2 Floors
Approx 24 Seats On Ground Floor
Approx 56 Seats On First Floor
12 Al-Fresco Seats At the Front
Scope To Introduce Website
A3 & A5 Licences in Places
Potential For Outside Catering
Space To Offer Private Event Hire
Would Suit A Variety Of Cuisines
EPC - D
REF 6375 – Leasehold Cafe & Sandwich Bar
Blacks Brokers are pleased to bring to the market this leasehold cafe & sandwich bar located in a popular, pedestrianised area of the town centre of Chesterfield, Derbyshire.
The Town House has been trading from number 1 Irongate for around fifty years. Our client took ownership of the business in 2005 after previously working here as the chef. The business has a large base of regular customers – some of which have been visiting since it was established in the 1960’s. The town centre trading location ensures a good amount of passing trade in addition to the locals and regulars.
Situated in the town centre on a busy side street, the business occupies a superb trading position close to many other eateries, business and shops. The area is well linked by the A61 and A619, public transport links are excellent with Chesterfield Train Station close by and parking is available in the immediate area. Chesterfield is a busy town with Queens Park, Ravenside Retail Park, Chesterfield Museum & Art Gallery and Pomegranate Theatre & Cinema all attracting visitors to the area.
REASON FOR SALE
Having enjoyed both working here and owning this business for a number of years, our client is ready for a break and a change of direction. Therefore, the business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a five year lease that began in 2015 at a cost of £209 per week.
BUILDING LAYOUT AND DESIGN
The Town House operates from a large, four storey terraced property within a busy parade of shops and business which includes multiples such as The Body Shop. The business is nicely presented with traditional style signage displayed above a fully glazed frontage – there is al-fresco seating for twelve available to the front of the shop. Inside, the ground floor offers a seating for 24 in a well presented and quirky main dining room. There is also a servery and preparation area which is well equipped. The first floor offers a second dining area with another well equipped servery and seating for 56 and the toilets are also located on this floor. The second floor comprises of two large, professionally fitted catering kitchens. There are two private offices and a staff toilet within the third floor. The attic is used for additional storage as needed. Each area has been finished carefully with a range of good quality fixtures, fittings and equipment in place.
The business is currently operating with our client working on a full time basis, supported by one member of full time staff and three part time, casual employees.
The Town House has traded solidly since opening and has a very long, impressive trading history. We are advised that the business currently has annual turnover of £75,000 with gross profit of £54,000 and net profit of £24,000. Full financial details are available upon viewing.
The rateable value is zero. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business is long established and occupies a superb trading position in a busy area of Chesterfield. There is plenty of scope to develop the business further with the introduction of a new online presence and social media profile. There is also potential to introduce an alcohol licence and late opening – possibly changing to a brasserie or similar. The property is also so large, that private hire could be considered to cater for events such as birthdays, funerals and the like. 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.
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