Coffee Shop, Colchester
£162.50 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
400 sq ft
37 sq m
- SECTOR
Cafe for sale
Description
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.
Coffee Shop, Colchester
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colchester Town Station0.5 miles
- Colchester Station0.6 miles
- Hythe Station1.4 miles
Notes
Disclaimer - Property reference RX750787. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert and Rose Commercial, Essex Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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