The premises is located on an extremely busy vehicular road, surrounded by a densely-populated residential community as well as various other business types including a petrol station, Premier convenience store, Coral and various office-based businesses to name a few. Our clients newly established the business, fitting it out to a good standard with quality fixtures, fittings and equipment all included within the sale price. Our clients trade with a menu that includes but not limited to breakfasts, pancakes, toasties, jacket potatoes, sandwiches, bagels, paninis, teas, coffees and milkshakes. Turnover averages £1,800 to £2,200 per week working to the usual high gross profit margins associated with the trade. 4 years remaining on the lease at a rental of £8,000 per annum. Zero business rates payable. Viewing recommended.
Location
The premises is located on an extremely busy vehicular road, surrounded by a densely-populated residential community as well as various other business types including a petrol station, Premier convenience store, Coral and various office-based businesses to name a few.
Tenure
We are advised the premises is subject to a 5-year lease from July 2022 at a rental of £8,000 per annum exclusive.
Premises
FORECOURT AREA used for seating for 4 x covers. Fascia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 678 sq. ft. and is arranged as follows:
Main Coffee Shop Area
MAIN COFFEE SHOP AREA with high ceilings, hanging feature lighting, laminate flooring, 3 breakfast bar covers and currently arranged for approximately 20 covers. To the back right-hand side of this area is an L-shaped, tiled, serve-over counter with counter-top cake display units and a counter-top drinks display fridge. Behind the serve-over counter area is a serving area equipped with 2-group coffee machine, coffee grinder, stainless-steel double sink, wash-hand basin, till, 2 x under-counter fridge and product display shelving.
Store Room
An opening behind the preparation area leads through to a STORE ROOM equipped with 2 x blenders, griddle, 4-slice toaster, under-counter fridge, under-counter freezer, 2 x microwaves, oven, induction hob, panini press, fridge/freezer, large freezer and racking.
WC
Another opening off the main coffee shop area leads into a walkway down to a WC with wash-hand basin and baby-changing facilities.
Further Store Room
Another door off this corridor leads into a FURTHER STORE ROOM equipped with double stainless-steel sink, dishwasher, fridge/freezer and racking.
Rear Service Area
A door at the rear of this area leads outside to REAR SERVICE AREA with 2 DESIGNATED PARKING SPACES under the terms of the lease.
Trading Hours
Monday 9 am to 3 pm, Tuesday - Saturday 9 am to 4 pm, Sunday 10 am to 2 pm.
Staff
The business is predominantly run under management with 2 full-time, 2 part-time and 1 casual member of staff.
Turnover
We are advised turnover averages £1,800 to £2,200 per week, working to the usual high gross profit margins associated with the trade.
Business Rates
The premises is subject to a rateable value of £7,400 resulting in zero business rates payable, should small business rate relief apply to a purchaser.
Legal Costs
Each party are to be responsible for their own, with the landlord's legal costs to be paid by the purchaser.
