£65,000
Restaurant for saleCoffee Shop, Colchester CO1
Leasehold
About this property
An exciting opportunity has arisen to acquire a well-established and popular coffee shop in a great location in Colchester. This attractive business benefits from a loyal customer base and a strong, consistent turnover, while still offering significant scope for further growth.
The coffee shop is presented to a high standard, featuring a modern, good-quality fit-out that creates a welcoming environment for customers and allows a new owner to step straight into trading with minimal additional investment required.
The business offers substantial potential to increase revenue by extending opening times to capture the lucrative evening market, as well as introducing or expanding a delivery and takeaway service to reach a wider customer base.
Situated in a busy and desirable Colchester location, the coffee shop benefits from excellent visibility and passing trade, making it ideal for an owner-operator or an experienced hospitality business looking to expand their portfolio.
Key Features:
Established coffee shop with strong turnover
Excellent Colchester location with good footfall
Stylish, quality fit-out throughout
Loyal and regular customer base
Strong reviews supported by a 4.7* Tripadvisor rating and 4.6* Google rating
Significant growth potential
Opportunity to extend trading hours and develop evening trade
Scope to introduce or expand delivery services
This is a turnkey opportunity with genuine potential for further development under new ownership.
Early viewing is highly recommended. RX750787
Tenure
Lease until 2041 at a rental of £21,600 plus VAT per annum exclusive
Turnover
We are advised turnover averages £4,000 per week working to the usual high gross profit margins associated with the trade
Trading Hours
Tuesday to Sunday 8.30am - 3.30pm opening until 4.30pm in the summer months. Closed Monday
Staff
The business is run by a manager with the assistance of various part time members of staff
Business Rates
The premises is subject to a rateable value of £8,500 resulting in zero business rates payable, should small business rates relief apply to a purchaser
Legal Costs
Each party are to be responsible for their own, with the landlords legal costs to be split 50/50 based on a lease assignment. If a new lease is granted, each party are to be responsible for their own, with the landlords legal costs for the surrendering of the existing lease to be the responsibility of the vendor and the landlords legal costs for the granting of the new lease to be the responsibility of the purchaser
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
The coffee shop is presented to a high standard, featuring a modern, good-quality fit-out that creates a welcoming environment for customers and allows a new owner to step straight into trading with minimal additional investment required.
The business offers substantial potential to increase revenue by extending opening times to capture the lucrative evening market, as well as introducing or expanding a delivery and takeaway service to reach a wider customer base.
Situated in a busy and desirable Colchester location, the coffee shop benefits from excellent visibility and passing trade, making it ideal for an owner-operator or an experienced hospitality business looking to expand their portfolio.
Key Features:
Established coffee shop with strong turnover
Excellent Colchester location with good footfall
Stylish, quality fit-out throughout
Loyal and regular customer base
Strong reviews supported by a 4.7* Tripadvisor rating and 4.6* Google rating
Significant growth potential
Opportunity to extend trading hours and develop evening trade
Scope to introduce or expand delivery services
This is a turnkey opportunity with genuine potential for further development under new ownership.
Early viewing is highly recommended. RX750787
Tenure
Lease until 2041 at a rental of £21,600 plus VAT per annum exclusive
Turnover
We are advised turnover averages £4,000 per week working to the usual high gross profit margins associated with the trade
Trading Hours
Tuesday to Sunday 8.30am - 3.30pm opening until 4.30pm in the summer months. Closed Monday
Staff
The business is run by a manager with the assistance of various part time members of staff
Business Rates
The premises is subject to a rateable value of £8,500 resulting in zero business rates payable, should small business rates relief apply to a purchaser
Legal Costs
Each party are to be responsible for their own, with the landlords legal costs to be split 50/50 based on a lease assignment. If a new lease is granted, each party are to be responsible for their own, with the landlords legal costs for the surrendering of the existing lease to be the responsibility of the vendor and the landlords legal costs for the granting of the new lease to be the responsibility of the purchaser
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
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Monthly repayment
£325 per month
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