Highly rated drink and food lounge for sale

Business
Please quote reference B07662

CoGoGo are delighted to welcome to the market Proudfoot & Co, a highly rated cafe and drinks lounge in Winchester, Hampshire. 

The business was first established by our client in 2019, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews, the business is extremely popular within the community. 

Proudfoot & Co has now come to the open market due to our client desire to move on. 

They’re an independent sustainable non alcoholic drinks lounge and food business that aims at using local ingredients.

Proudfoot & Co is extremely highly respected, featuring in the following –

• Waitrose Magazine Xmas Edition 2022: Best non-alcoholic bars in the UK
• Drinkaware 2023: Top non-alcoholic bars in the UK
• Dry Drinker (Summer 2023): UK’s top non-alcoholic bars
• Olive Magazine
• Tripadvisor Traveler’s Choice Award ’23

They’re proud of their online presence, with over 4,000 followers across Facebook/Instagram and over 300 reviews with a 4.9 Google rating. 

Key selling points – 

• Outstanding reviews
• Repeat custom
• Handover period offered
• Scope for expansion
• High footfall location

Scope for further growth –

• Lots of potential to develop either side of the business

Location
Proudfoot & Co is located on St Thomas Street, in the town centre of Winchester, Hampshire.

The business has eye catching signage and receives high levels of footfall and passing trade. 

Premises
Beautifully designed eatery and bar with bespoke décor and lighting.

Prep area.

External seating for the warmer months.

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 5 year lease. The rent is £36,000 per annum. 

Hours
The current trading hours are –

Monday – 2:00pm – 8:00pm

Tuesday to Wednesday – Closed

Thursday – 2:00pm – 8:00pm

Friday – 2:00pm – 10:00pm

Saturday – 11:00am – 10:00pm

Sunday – 11:00am – 8:00pm

Staff
We are advised that the business is run and managed by the owner, with the help of 2 staff members.

Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £84,000. Further financials can be made available upon request.