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Popular Family Run Community Cafe In Cheltenham For Sale

Cheltenham, Gloucestershire, UK
Asking Price:
£192,500
Turnover:
£462,000
Net Profit:
Undisclosed

This charming, family-run cafe is nestled in a prime recreation area of Cheltenham. Known for its environmentally friendly practices and commitment to sustainability, the cafe offers a delightful range of coffee, organic teas, sandwiches, and cakes. This cafe is a fantastic opportunity for those looking to acquire a thriving business with strong local support.

Key features:
- Available for sale with either a Short Leasehold or a Long Leasehold option
- Prime location
- Versatile space
- Strong online presence
- Sustainability
- Tastefully decorated
- Community centred

Property Information

Property:

Leasehold

Lease Terms:

Short Leasehold: A new fully repairing and insuring lease will be granted for a term to be agreed (10-15 years) at a passing rental of £15,000 pa, payable quarterly in advance, exclusive of rates and subject to upward only rent reviews and tenant break options every 5 years.

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.

Long Leasehold: The property is subject to a Head Lease granted by Cheltenham Borough Council on a long term leasehold with 115 years remaining.

Location:

Located in a popular recreation area.

Premises Details:

Individual single storey detached building.

Size in square feet:
472

Business Operation

Reasons for selling:

Owners retirement.

Years established:
6