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The Old Bakery, Long Street, Atherstone

GBP 62,500 O.I.R.O.
Long Street, Atherstone,

Property Description

An exciting opportunity to purchase a popular eat-in cafe, positioned in a prime town centre position.

Purchased by the current owner in 2014, they have heavily invested into the business and enjoyed increased turnovers & profits year on year. Selling due to a change in personal circumstances the business is an excellent opportunity for experienced business owners or any first time buyer looking for a head start.

 

Address: The Old Bakery, 189A Long Street, Atherstone, Warwickshire, CV9 1AP.

 

Location

The leasehold business occupies a prime high street position in the centre of Atherstone, benefitting from heavy footfall. The town itself is has an active high street and benefits from increased trade through two weekly markets on the square (Tuesdays & Fridays). Many annual events in the town centre bring increased trade throughout the year to the benefit of local business, in particular eateries such as The Old Bakery.

The premises has a South facing window frontage, with tables and chairs for 6 covers outside in the sun.

New lease terms will be available to the prospective purchaser.

 

Premises

Consisting of customer seating area, service area, customer WC and fully equipped kitchen. In total approximately 66m2 (707ft2).

The current internal layout accommodates 40 seated covers, with a further 6 covers outside.

They are a secure premises with the shop front being protected by padlocked security grilles.

The current opening times for the business are Tuesday – Sunday, 9:00 am – 3:00 pm. Opening Mondays and extending the opening hours could increase sales and turnover.

 

Assets & Equipment

Included with the sale of the business:

Kitchen: double fryer, griddle, cooker w/grill, double bain marie, hot plate, four microwaves, tall freezer, tall fridge, hyco water boiler and industrial extractor unit.

Service area: cash register, under counter fridge, 2 x under counter freezers, mini-fridge, 2 x coffee machine (one is loaned to the business for free, refills must be ordered through the supplier), 2 x toasters and a toasted sandwich maker.

Seating area: tables and chairs for 46 seated covers (6 external), expected crouquery (i.e. Plates, bowls, cutlery, tea pots, mugs & saucers), internal signage and external sign.

We would emphasise that we have not tested any of the appliances.

 

Services

We have been made aware by the business owner that the premises are connected to mains electric, water and drainage.

 

Staff

There are 6 main members of staff, to include two cooks and supervisor.

 

Accounts

Annual Turnover:       £140,596

Annual Net Profit:      £19,400

A detailed set of accounts are available for inspection, upon request and once the potential buyers interest and financial capability to proceed has been verified.

 

Reviews & Social Media

The business has a high reputation within the local community for serving quality food at reasonable prices. The business maintains an online presence on Tripadvisor and Facebook, where all reviews are very complimentary.

“Fantastic place, great food, we go in there every Saturday”

“I would describe it as a posher than normal cafe that does very tasty breakfast and

tasty lunches. Very friendly, good service and ideal for a quick lunch/brunch”

 

Tripadvisor – #2 ranked Cafe in Atherstone, 4.5 star rating from 37 customer reviews

Facebook – 4.7 star rating from 23 reviews, 122 likes, 121 follows and 565 visits

 

Moving Forward

There are a number of additional avenues to expand this already successful business further. Such as:

1) External catering for events

2) Office & home delivery – As well as town centre businesses/employees, the surrounding area has many large company headquarters and warehouses on nearby industrial estates. These include: Aldi HQ, TNT, Ocado, Euro Car Parts and others.

3) Extended opening hours, open Mondays.

 

Business Rates

Enquiries regarding business rates should be directed to the local authority, being North Warwickshire Borough Council.

 

Viewing

Private viewing of the premises and detailed accounts is strictly via the agent. For further information please call SEL on 01827 711900 or email Enquiries@SEL-it.co.uk.

 

Asking Price

Offers in the Region of £62,500 + SAV (stock at valuation). All serious offers considered.

 

 


Property Details

  • Price: GBP 62,500 O.I.R.O.
  • Address: Long Street, Atherstone
  • City:
  • Zip: CV9 1AP
  • Country: United Kingdom

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  • Contact

    12 Market Street, Atherstone, Warwickshire. CV9 1ET

    01827 711900

    enquiries@sel-it.co.uk

    Website