Leasehold Independent Coffee Shop Located In Sheffield

Leasehold Independent Coffee Shop Located In Sheffield City Centre
A1 Consent & Licensed
5 Star Google Rating
Ref 2633

Location
This delightful Coffee Shop is located within a prominent and highly visible trading position on Westfield Terrace in between the busy leisure areas West St and Division St. The West Street Strip is the is known for its bustling nightlife, various chain and independent businesses and popular commuter routes into the heart of the city centre, while Division Street has a more relaxed bohemian vibes, lined with independent businesses and is just as lively throughout the day and night. There is also ample on and off-street parking directly outside the coffee shop and down Trafalgar St. The immediate area is a hub of hustle and bustle with office workers, residents and students alike.

Asking Price: £34,395 plus SAV (£1,500)

Business Description
Veritas Business sales are privileged to offer to the market this respected Coffee Shop which is located in Sheffield City Centre. The premises were transformed into what you see today by our clients in June 2021 and they are now offering the business for sale as they are emigrating to Canada in 2022.
Thy have undertaken extensive refurbishment and redecoration to include new equipment along with fixtures and fittings which cost in excess of £15,000. They 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 1 full time and 2 part time members of staff. Since opening in June this year the business has seen a steady increase in weekly turnover and is currently averaging £1,500 per week. Bearing-in-mind the City is not back to normal during the Covid restrictions the business has huge scope for growth. They have a fantastic reputation within the area already for serving artisan coffee which is their very own special blend, and this equates to 80% of the current turnover. The remaining 20% comes from specialist teas, soft drinks, cakes, pastries, brunch items & toasties. 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.

Opening Hours
Monday – Sunday – 8:00am – 4:30pm

Leasehold
Term: 3 years (Agreed December 2020)
Remaining: ends December 2023 with an option to extend
Rent: £13,000 pa
Business Rates: zero

Ground Floor
Coffee shop comprising: 7 x wooden round tables & chairs to cover (21), serve over sales counter with covid screen, custom made glass cake display cabinet, steel retail shelf, steel storage shelf, small under counter milk fridge, double door drinks chiller, on-demand coffee grinder x2 (Eureka Olympus) and x1 Grinder (Eureka Drogheria), dual head espresso coffee machine (Feama Prestige +2 group) which are very rare in this country now, table top ice machine, music system with two speakers, backlit menu boards, handwash basin, instant hot water, built-in filter water tap, teacups, glassware, teapots, jugs and cutlery.
Unisex W/C with wash basin, electric water heater and wall mounted paper towel holder.
Kitchen comprising: undercounter fridges x3, small under counter freezer, steel prep benches x3, two stainless steel wall mounted shelves, convection oven (Adexa), panini grill (Nisbets), toaster, microwave (Quattro), stainless steel double commercial sink, kitchen utensils, chopping boards, jugs and bowls.

External
Frontage with external bench for seating

EPC Rating E