Thriving Coffee Shop In Super Cotswolds Courtyard Location

Business overview

Business details

• Property type
• Net profit
• Accommodation
• Staff
• Rent per annum
• Reason for sale

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Business description

Lowry’s Espresso Bar is a popular coffee shop business situated in the thriving village of Bishops Cleeve a few miles outside Cheltenham.

The business was established April 2014 by the current owners who have built up a loyal customer base and are bringing it to the market due to their retirement plans. Turnover has been in the region of £70,000 consistently for the 4 years of operation and gross profit is around 65%.

Turnover in the main is generated from the sale of superb quality coffee, teas, freshly prepared sandwiches and light lunches, breakfasts and homemade cakes and treats.

Lowry’s is the stand-out 'coffee shop' in the area and is well known for their excellent Hot Chocolate drinks made with melted Belgian Chocolate, superb treats/cake, quality coffee and delicious freshly made sandwiches/light lunches. Extra income has been generated by the handmade chocolate side of the business and offering chocolate truffle making workshops, although this aspect of the business is not essential it has proved to be an attractive extra.
The business has an excellent reputation within the area, which has generated a very loyal client base with a large amount of repeat trade and word of mouth referrals.

Through lifestyle choices, the owners have scaled down their opening times over the past two years and they currently open from 8.30am to 3pm 6 days per week. There is an obvious scope for extra income just by extending opening hours a little and opening Sundays.

Lowry’s consist of four units within one, having three seating areas; the coffee lounge downstairs with 20 covers, the upstairs seating and chocolate workshop space with 12 covers and outside seating available (well used during the summer months) offering 14 covers. A total of 46 covers when full.

The other two units consist of a very well equipped kitchen area, fronted by a serving counter/till area and a stock/ store room upstairs (easily converted for extra seating or could be sub-let for extra income if required).

An extensive range of equipment, utensils and furnishings; which include:
- La Spaciale S40 4 handle coffee machine (top of the range and training given if required)
- 2 mini ovens, 3 induction hobs
- 2 over-counter chilling cabinets, 1 x ice cream freezer/server
- 1 x fridge, 2 x freezers, 1 x microwave oven, 2 x blenders
- an extensive range of crockery and utensils
- custom made tables/chairs in seating areas
- outside tables/chairs
all included in the sale.

Lowry’s offers great potential for further income in many areas and also offers a great opportunity as a turnkey business which could be operated directly after purchase with little change.

The sellers are very flexible and are offering an extensive handover if required including barista training after purchase.
The site would benefit both an established operator looking for a foot hold within this area of the Cotswolds as well as new operator looking for a fresh challenge but with the added benefit of taking on a well-established site with a strong turnover and gross profit with further opportunity for expansion. A turn key business opportunity not to be missed.

www.lowrysespress.co.uk

Staff: Operated solely by owners (a couple) with casual staff some Saturdays and busier periods.
Current rent: 14,024 per annum quarterly
Leasehold: either assigned or new lease negotiable with Landlord
Turnover: circa £70,000 70%+ gross profit margin
Accounting figures and analytics available to buyers further into the process on request.
Strong social media presence, trip advisor feedback and web site - all transferable on request.

A great opportunity for anybody who would love an established business with further potential - buy Friday - handover Saturday - running your own successful business Monday!

www.lowrysespresso.co.uk

Business location

Lowry’s Espresso Bar is situated in an attractive courtyard location (the courtyard has various retails businesses including a delicatessen/cobblers/accountant/bookshop/therapy clinic; in the very popular and sort after area of Bishops Cleeve, less than 4 miles from the centre of Cheltenham and only around 7 miles from Tewkesbury.

The village lies at the foot of Cleeve Hill, the highest point in the Cotswolds and borders Woodmancote on the East side of the Gloucestershire Warwickshire railway line that splits the two parishes. Bishop's Cleeve has a population of approx 15,000 and growing.

Cheltenham, also known as Cheltenham Spa, is a regency spa town and borough which is located on the edge of the Cotswolds, an Area of Outstanding Natural Beauty in Gloucestershire.

The town hosts several festivals of culture, often featuring nationally and internationally famous contributors and attendees. The list of festivals includes: the Cheltenham Literature Festival, the Cheltenham Jazz Festival, the Cheltenham Science Festival, the Cheltenham Music Festival and the Cheltenham Food & Drink Festival.

It is also the home of the flagship race of British steeplechase, the Gold Cup, which is the main event of the Cheltenham Festival, held every March.

The population in 2014 was approximately 116,000 making this a very busy town, which has good access to all surrounding areas via the M5 motorway and A40 trunk road, to Oxford, Birmingham and London.

Sector specific information

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