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Ethical Food Focused Business For Sale

Southsea, Hampshire, UK
Asking Price:
£195,000
Sales Revenue:
£377,525
Cash Flow:
Available on request

Business
Please Quote Reference B05782

Hilton Smythe are delighted to present to the market Watkins & Faux, an ethical food focused business proud to use locally sourced ingredients in their menus and catering events. The business first opened its doors in May 2013 and now due to the other business interests of our client she is now looking to pass the successful business model onto new owners or company.

Our client has created Southsea’s most family friendly cafe with fantastic freshly made food, coffee, large tables for groups, lots of space for buggies and wheelchairs, a playhouse, kids’ books, comfy chairs, toys, piano as well fully embellishing the history of the Tennis club it calls its home and the loyal members who visit on a regular basis.

The period 1930’s pavilion with Tennis club works extremely well with the cafe and their diary of year-round events helps promote business throughout the year. Other key events which directly affect the footfall of the cafe include -

Victorious Festival.
America’s Cup World Series (July 2020).
Southsea Common 5k, Great South run & Portsmouth Coastal half marathon.
International Kite festival.
Portsmouth Pride.
Beats & Eats.

The business concentrates on a daytime menu which offers the following options -

All day breakfasts, brunch, sandwiches.
Lunch boxes, salads, jacket potatoes.
Large kids’ menu.
Burgers, fish dishes & quesadillas.
Afternoon teas.
Fresh bean to cup coffees, luxury hot chocolates & teas.
Choice of white & red wines, pims, gin cocktails, beers & ciders.

** All the above are made using local all sourced ingredients and can be made for both vegan and gluten free requirements

In addition to developing a year-round cafe/bistro business, our client identified the unique location as an ideal event venue for weddings, anniversaries & birthday parties. Last year they accommodated over 30 events both inside and out with most weekends from June to September were fully booked.

Further opportunity to grow the current sales include -

Add an evening bistro/ fixed restaurant menu operation which would include a larger choice of alcohol.
Increase number of weddings/events/ children’s parties.
Add wedding planning and party design advice.
New advertising, paid Google advertisements and Social media presence.
Utilise the space for more community events such as Yoga classes, Pilates, Mediation groups.
Utilise quieter times during the week’s days for corporate events and meetings.
Extend current opening hours.
Reduce current labour costs by a new owner / manager working full time hours within the Cafe.

We feel adding any of the following, especially an evening Restaurant operation could easily add a further 40-50% increase in annual turnover.

Hilton Smythe rarely see venues of this type and location with so much potential been offered on its doorstep, we therefore strongly advise any interested buyer to arrange a early viewing to avoid disappointment.

Location
Watkins and Faux (Cafe/Bar/Bistro) occupies a truly unique trading location inside the Southsea Tennis Club Pavillion on Clarence Esplanade in Portsmouth, Hampshire.

Portsmouth seafront is now the major designation for visitors to the area and the Tennis club sits central to it all, the club faces the new site for the last surviving D-Day tank landing craft which will touch down at the D-Day Museum on Southsea Beach to mark the 75th anniversary.

The museum has received lottery funding to improve facilities which will include a new entrance to the car park directly in front of the Tennis club (Opening June).

Other attractions along the seafront induce the Blue Reef Aquarium, Seafront arcades, Southsea Splash pool, Historic bandstand, Southsea Castle & Castle fields, South Parade Pier and beach, Southsea Rock Gardens, Pyramids Centre, Skatepark, Portsmouth Naval Memorial.

Portsmouth is a renowned port city and naval base on the south coast, mostly spread across Porsea Island. Known for its maritime heritage and historic dockyard the city has also developed into one of the county’s most popular cities to study with the University of Portsmouth being located minutes behind the Tennis club.

There is pay and display parking directly in front of the Tennis Club on the Esplanade.

2 nearest mainline stations are Fratton or Southsea & Portsmouth.

Premises

Internal Dining Space - licensed for 120 (sits 90 comfortable for sit down dining).
External Rear Lawn - marquee allows for 90 covers.
Staff changing room.
Customer toilets.
Tennis player changing facilities.
Commercial Kitchen / Open plan bar servery.

Included equipment:
1x 6 burner hob/ oven (mains gas).
2 x deep fryer (mains gas).
1 x extraction safety hood.
1 x salamander.
1 x 2 door counter freezer.
1 x saladette, 2 door counter fridges.
1 x plate warmer/ pass with hot lights.
1 x undercounted fridge.
1 x commercial dishwasher.
1 x double sink unit.
2 x stainless prep counters.
1 x microwave.
1 x large 2 door upright fridge.
Assortments of plates approx. x 100 each of 3 designs.
Assorted utensils/ pots/ pans/ gastros.
1 x 3 group head coffee machine.
1 x tea urn.
1 x David draft pour beer fridge.
2 x glass door bottle fridge.
1 x POS till system (new).
1 x credit card machine.
1 x glasswasher.
1 x under counter fridge/ freezer.
1 x walls ice cream freezer.
2 x upright freezers.
1 x chest freezer.
5 x back stock shelving units.
2 x filing cabinets.
1 x desk.
Approx. 75 coffee cups/ teacups and saucers.
Approx 30 teapots & milk jugs.
Approx 200 high ball glasses/ wine glasses/ champagne flutes/ pint glasses.
CCTV system.
100% disabled friendly.
Front External - raised terrace overlooking the sea front and Esplanade.
Rear External - large lawned area ideal for covered or open events. The space is very flexible with a available marquee for weddings / events for 90 people / outside bar servery or temporary kitchen unit.
8 wooden picnic benches.
13 x large wooden tables.
8 x small wooden/ cast iron tables.
4 x small wooden tables.

** please note Southsea tennis club offers 10 x-maintained tennis courts surrounding the cafe building

Tenure
We are advised the business is being offered as a Leasehold with 3 years remaining on a 5-year renewable lease with rent placed at just £27,000 per year and business rates set at £8,000 in the current year.

Hours
Summer - 7 x days a week opening from 9am to 6pm.

Winter - 6 x days a week (closing Monday) 9am to 4pm.

Licensed to sell alcohol between 12 - 12 pm 7 days a week.

** Please note our client applied for 3 am late closing for specific parties through 2019 which was always granted without issue.

Staff
The business is run and managed by our client (in school hours only) with the help of an Assistant manager, Head chef, Supervisor, 9 part time staff and 3 additional summer staff when required.

Financial Profile
As of the 2019 accounts the business achieved £377,525 in sales, a gross profit of £255,706 and adjusted net profit of £48,404. For further information please quote B05782.

Property Information

Property:

Leasehold

Contact Information

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