Outstanding opportunity to acquire Coffee House & Restaurant. Mainly light catering for breakfasts, snacks, lunches, coffees and teas, in our opinion offering further development in the right hands.
SPACIOUS COFFEE HOUSE & RESTAURANT. Front area with Kardene floor. Rear section carpeted. Tables and chairs providing seating for 70 persons. Large curved cool display counter with refrigerated storage section, 2 group coffee machine, coffee grinder, filter coffee machine (on loan), hot chocolate dispenser (on loan), computerised till with printer, juice machine, toaster, milkshake blender, Instanta hot water boiler.
Level rear kitchen with non-slip floor. The equipment includes 6-burner gas cooker, double deep fryer, upright stainless steel fridge, small under counter deep freeze, hot cupboard with work surface, wash hand basin.
Rear wash-up area with commercial dishwasher, single sink and drainer.
Disabled/ladies' cloakroom with w.c. and wash hand basin.
New gentlemen's cloakroom with urinal, w.c. and wash hand basin (to be constructed by the owner).
Turnover
WE ARE INFORMED the turnover during the summer months (we understand from the beginning of May to approx. end of October) is in region of £8,000/£10,500 p.w. and are further advised in the winter months the turnover is in the region of £3,000/£5,000 p.w. in our opinion offering further development in the right hands. Gross profit 73% approx.
Staff
The business is at present operated by a husband and wife team (working a 5 day week) with the assistance of 3 full time and 3 part time staff.
Opening
Hours
9 a.m. - 4 p.m. seven days per week
It will be appreciated upon inspection that there is potential for longer opening hours during the summer. We are advised that each year the business closes for approx. 3 weeks in January.
Accommodation
OPTIONAL EXTRA. Situated over the business is the vendor's Self Contained refurbished and newly fitted apartment situated on the first floor with Full Gas Fired Central Heating, comprising:
Large Lounge with fitted kitchen including washing machine, dishwasher, fridge and deep freeze
2 Bedrooms (1 double plus 1 small double)
Fully tiled wet room with shower, bidet, w.c. and wash hand basin
The superior apartment overlooking the harbour is available as long leasehold property. ASKING PRICE OFFERS IN THE REGION OF £375,000, SUBJECT TO CONTRACT.
Tenure
The vendors own the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £40,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (The vendors are also happy to grant a shorter lease, if desired).
Uniform Business Rates: £5,000 p.a. approx.
THIS MOST ATTRACTIVE COFFEE HOUSE/RESTAURANT HAS BEEN IN THE SAME HANDS FOR APPROX. 7 YEARS AND IS NOW OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £199,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
