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Beautiful Cafe Tearoom Cheltenham's Historic Minster Quarter In Cheltenham For Sale

Cheltenham, Gloucestershire, UK
Asking Price:
£27,500
Turnover:
Available on request
Net Profit:
Available on request

Excellent opportunity to purchase a cafe/tearoom in Cheltenham. This café/tearoom is a rare gem in Cheltenham's thriving hospitality scene, offering an exceptional opportunity for entrepreneurs or investors looking to own and operate a business with a rich history and a promising future. With its enchanting setting and profitable business model, this business is ready to delight and inspire new owners and visitors alike.

Class E

Key features:
- The café's menu is carefully curated to offer delectable dishes made from seasonal, locally sourced ingredients
- Open from 10am to 3pm, Monday to Friday, the café provides a balanced work schedule for the owner
- The premises are beautifully decorated and impeccably maintained, creating an inviting and relaxing ambiance for customers
- The café's location in the Minster Quarter attracts foot traffic from nearby landmarks and businesses, ensuring a steady flow of customers
- The business presents opportunities for growth and expansion, allowing a new owner to further develop the business's potential
- 5* Google and Trip Advisor reviews

Property Information

Property:

Leasehold

Lease Terms:

The property is held on a full repairing lease for a period of 10 years from 1st April 2023 at a passing rent of £12,000 per annum, exclusive of rates, subject to a rent review on 1 April 2026 & 1 April 2029.

Subject to the status of the assignee, the landlord may request a rent deposit equivalent to three or six months annual rental to be held for the duration of the lease. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

Located in Cheltenham's Historic Minster Quarter

Premises Details:

As per Valuation Office Agency (VOA)Ground floor retail zone a
Area m²/unit: 17.89 Ground floor retail zone bArea m²/unit: 0.5Basement floor internal storageArea m²/unit: 17.89First floor officeArea m²/unit: 19.07First floor kitchenArea m²/unit: 10.69Second floor internal storageArea m²/unit: 21

Size in square feet:
936