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Licensed Coffee Shop In Morpeth For Sale

Morpeth, Northumberland, UK
Asking Price:
£115,000 Furniture / Fixtures included
Turnover:
£200,000
Net Profit:
Available on request

• Current sales circa £4,500 - £5,000 weekly.
• Currently daytime trading only.
• Central location in popular market town.
• Sit in covers for circa 32 persons.
• Fully licensed till 11pm.
• Scope to incorporate an evening service.
• LEASEHOLD PRICE £115,000 plus stock.

Property Information

Property:

Leasehold

Lease Terms:

Held on 10 year lease from 2015 with a current passing rent of £18,000 per annum rising to £20,000 per annum in December 2022. Interested parties should seek legal confirmation of this.

Leasehold Rent:

£18,000 per annum

Location:

The business is located on Newgate Street which is one of the main routes into the town centre from the north. Morpeth is an extremely popular market town around 15 miles north of Newcastle upon Tyne and well served by road and rail links. The premises are close to one of the pedestrian accesses to the main car and bus station and there are high levels of footfall.

Premises Details:

This is a well-established business which has been trading successfully since 2015 but has been placed on the market as our client is now making plans to retire.

The business trades as an upmarket coffee shop and is extensively fitted and equipped for the trade. There is a fitted bar and service area with tables and chairs in the main dining area for 25 to 30 covers and then located within the former bank vault is another small seating area. The smaller space is popular with the regulars and is often booked in advance for small parties and one to one meetings and there is outside seating for when the weather permits.

The current menu comprises breakfasts, light bites and lunches plus hot and cold drinks. The premises are licensed to sell alcohol and new owners could diversify the menu to offer more restaurant or bistro options during the day or extend the trading hours into the evening to attract a new clientele. The kitchen is a good size and could cope with an expanded menu.

This is an excellent opportunity for motivated new owners to drive forward and take full advantage of the alcohol licence and the current short hours.

Premises

Comprises a self-contained ground floor unit forming part of a larger property.
Ground Floor
Café Area circa 460 sq.ft. (43 sq.m.).
Kitchen circa 170 sq.ft. (16 sq.m.)
Stores
Ladies W.C.
Gents W.C.

Energy Performance Rating:
B

Business Operation

Trading hours:

Monday - Saturday 9.00am – 4.00pm
Sunday closed

Employees:
Currently operated by our client with the help of 3 part time members of staff.
Years established:
4 years.

Contact North East Commercial

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