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Seafront Swedish Influenced Cafe In Margate For Sale

Margate, Kent
Asking Price:
£44,950
Sales Revenue:
£65,972
Cash Flow:
Available on request

Business
Hilton Smythe are delighted to present to the market Mala Kaffe, a Swedish influenced cafe focused on excellent coffee and cake!

Established by our client 3 years ago, the business is now being offered for sale due to personal reasons.

The business popularity for being different has resulted in over 1,400 followers on Instagram, a 4.9/5 customer review feedback on Facebook and ranked in the top section of best restaurants to visit in Margate by Tripadvisor. There is even a poster at a central London train station advertising the Kaffe’s charms!

Other featured articles have included reviews by Janice Robinson and the Sunday Times for a "must have visit cafe for brunch and excellent coffee".

Our client promotes local suppliers where ever possible. Coffee beans are supplied by the highly respected Allpress Coffee Company, which is based in Dalston, London. This company also offers full support in regards to servicing the coffee machines, training of new staff and updating the team on any new drinks or methods.

Cakes are supplied by an authentic Swedish cake supplier based in Deal. The Kaffe is renowned for its cinnamon buns, pastries, homemade cakes and brownies. On the menu is also a unique brunch selection, open sandwiches, sharing boards including its famous fresh Herring boards, Copenhagen board and breakfast bowls.

There is an extensive coffee menu and large range of fresh Debonair teas, juices and soft drinks. Our client is currently in the process of applying for an alcohol licence to help increase the afternoon and early evening drinks trade.

The Kaffe also can offer bookings for private parties and events. Any new owner could easily increase this side of the business to increase turnover.

Due to personal reasons, our client only opened 40% of the available time in the last 12 months, which is reflected in the turnover performance for this period. Our client used a full staff team to manage the business rather than spend time working there herself. Any new owner / manager could easily regain the 2017 performance figures, reduce running costs and double turnover up to the Vat threshold very quickly.

Businesses of this location, reputation and potential to easily increase the current turnover levels rarely come to the market and we recommend an early viewing to avoid disappointment.

A full business handover will be offered including all current recipes within the menu

Location
Mala Kaffe occupies a truly stunning trading position near the end of the Market Harbour Arm Stone Pier in Margate. The business enjoys breath-taking views over the harbour and sandy beaches of Margate.

We believe it offers some of the best views of Margate’s bustling coastline with the additional bonus of only being steps away from the renowned Turner Art Gallery! There is a thriving cafe culture on this pier now and Mala Kaffe’s Swedish influence sets it apart from the competition.

Margate is enjoying an investment renaissance with lots of new and exciting projects occurring. There is a new hotel and theme park planned opposite the Dreamland site, new food and music festivals including the extremely popular Soul Festival, Gay Pride and more.

Margate’s new lease of life has been spearheaded by the increase of new residents especially those relocating or having second homes from London. The town has also established itself as a prominent venue for live music, art exhibitions, theatre productions such as ‘Shakespeare on the Beach’ and now offers a wide choice of independent retailers, specialist food retailers, cafes and restaurants.

Margate is a Town on the Southeast coast, known for its sandy beaches and clear views of the Thanet coastline and English Channel, located just 16 miles East of Canterbury and 77 miles East of London. Commuters can now travel direct from London in just over an hour and half.

There is metered parking directly to the left of the business as well as large multi storey car park less than 5 minutes’ walk away.

Nearest mainline station, Margate Central, is approximately 10 minutes’ walk from the cafe

Premises
Front terrace - A selection of solid wood chairs, tables, bench seating / tables with bright parasols offers a minimum of 40 covers.

Internal - Several high stools positioned against the window table for 4-8 covers.

Equipment includes -

2 x Arm semi-automated vintage ‘Mirage’ coffee machine. A limited-edition coffee machine which comes with the unusual and highly useful foot pedalled steam control. The grinder is owned by the local coffee bean provider and regularly calibrated and serviced to ensure exact extraction time and volume.

Undercounter freezer
Glass fronted chiller
Milk fridge
Wall mounted storage shelving for speciality teas
Pour over coffee kettle
Toaster
Commercial fan oven
Water boiler providing hot service water
Wall mounted menu boards, further storage shelving
New till point/ card machine

Tenure
We are advised the business is being offered as a leasehold opportunity with 1 year remaining on a 3-year lease, paying just £6,000 per year.

The business benefits from full business rate relief paying £0 in this current year.

Hours
The business currently opens from March until November.

Our client operates every Saturday and Sunday 10.00am-4.00pm in quiet season and then 7 days a week opening 10.00am-4.00pm which could easily be increased to 9/10 pm in the evening.

Staff
The business is currently staff run by 3 x part time staff.

Financial Profile
The business enjoyed a Turnover in 2017 of £65,972, Gross profit of £38,109 and net profit of £15,633.

In year 2 this turnover should have easily been increased to the £80,000 threshold but due to personal issues the business closed and when operated used staff for the hours open.

This year should easily see the business bounce back to its 2017 levels and more! There is so much going on within the area and new footfall to the pier that any new owner will be able capitalise on.

Property Information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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