Outstanding Position in a Main Shopping Street, close Sea Front
Double Fronted Shop with seating for 23 inside and 14 outside.
Separate access to:
Owner's Home or Holiday Letting Accommodation over two floors with Large Living Room with Kitchenette, 2 Double Bedrooms and Bathroom
Both the Café and the Flat have been fully refurbished and refitted by the current proprietors and the offering of this business allows new owners a superb opportunity to continue to build the clientele much of which is local.
Weymouth was established by George III as a fashionable resort and now the town attracts in excess of 2.5 million tourists each year and has a resident population of around 55,000.
Tenure: The café and basement premises are held under the terms of a FRI lease for 6 years which commenced on 16th November 2020 at a current rent of 12,000 p.a. with no further rent review.
The flat is held under the terms of a FRI lease for 6 years which commenced on 16th November 2020 at a current rent of £8,400 p.a. with no further rent review.
The Business: A Licenced Café in the heart of Weymouth town centre. The business offers a wide range of coffees, teas, breakfasts, light meals, beers, wines and cocktails. The seating area outside is available under a licence from the local council for an annual fee- St. Mary Street is pedestrianised for most of the working day.
The business is open from around 9.30 a. to 3 p.m. according to season for 7 days. The business is run by two proprietors and part time staff.
The agents are informed that the turnover is approaching £85,000 p.a. – just below the vat threshold.
Price: £49,995 SAV
EPC: D (86)
