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Established Coffee House In Prime Location In Thame For Sale

Thame, Oxfordshire, UK
Asking Price:
£85,000
Turnover:
£250,000
Net Profit:
Undisclosed

This is a rare opportunity to acquire a highly regarded coffee house situated in the heart of a bustling Oxfordshire town. Located on the high street, the business benefits from high footfall and a loyal customer base, drawn from an affluent catchment area. The establishment boasts an outstanding reputation, reflected in its high TripAdvisor rating and excellent social media reviews.

Key features:
- Prime high street location
- Charming period building
- Outdoor seating
- Strong reputation
- Established customer base

Property Information

Property:

Leasehold

Lease Terms:

A new 6-year fully repairing and insuring lease will be available at an initial rent of £25,000 per annum, exclusive of rates, with a rent review at 3 years. This lease will commence simultaneously with the business purchase, coinciding with the surrender of the current lease.

Subject to the status of the ingoing tenant it should be noted that the landlord may require payment of a rent deposit equivalent to 3 or 6 months’ annual rental to be held for the duration of the tenant’s occupancy. Purchasers should take this into consideration when preparing financial forecasts and budgets.

Location:

High street location.

Premises Details:

Mid terraced Grade II listed 3 storey property.

Size in square feet:
1,444

Business Operation

Reasons for selling:

Owners retirement.

Years established:
Owned by the current owners for 8 years.