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Cafe for sale

Cornmarket, Louth, Lincolnshire, LN11

Leasehold £14,999
22 sq. m.

Property Description

Commercial information

  • Business for sale
  • 236 sq ft (22 sq m)
  • Use class orders: A3 Restaurants and Cafes

Key features

  • REF 12528

Full description

Tenure: Leasehold

Coffeescape is located in Louth, Lincolnshire.

This popular coffee shop is situated on a pedestrian walkway retail parade which is just off the market square in the quaint Louth town centre, this is a prime location due to passing trade daily. Coffeescape is close to the market hall that is open 6 days a week. Being metres from the market place the café also benefits from 3 markets per week.

The nearest bus stop from the coffee shop is a short walk into the town centre. The local train station to the business is Grimsby and this is a 35 minute drive away and takes you directly to West Harborough and runs past Northeast Lincolnshire seafront.

Hilton Smythe is a delighted to welcome to the market Coffeescape.

The business has been built-up over the past 2½ years, and only now has our client, reluctantly, decided to sell due to ill health. The business is a traditional café and specialises in a wide range of snacks, breakfasts, homemade cakes, main meals and beverages to eat in or takeaway, The café has a gluten free option for breads and cakes. Coffeescape serves ice cream sundaes in the warmer months, the café has a very loyal customer base and excellent reputation in the area.

Coffeescape is currently generating a turnover of £34,000 per annum and has a gross profit of 74%, although this a brilliant turnover figure there is scope to improve it by possibly increasing opening times and perhaps offering outside catering and delivery services to local residents and businesses. The business has 12 covers outside and has 16 covers inside the property.

We highly recommend an early viewing on this property.

The business premise is a double fronted property with excellent and bright signage that makes the coffee shop stand out on the retail parade as a unique business.

The café has a modern interior and is very bright and upbeat due to the colour choice and accessories around the property. The café seats 16 inside and 12 outside.

Equipment included in the sale:

• Portable Hob
• Kettle
• Larder Upright Freezer
• Expresso | Filter Coffee Machine
• Food Processor
• Mini Oven
• Commercial Toaster
• Extraction Hood
• Mixer
• Chest Freezer
• Table and 4 Chairs
• Display Fridge
• Crockery and Cultery
• 2 Bench Seats (seating 4x storage)

Landlords Equipment but included in rental:

• Expresso Coffee Machine
• Coffee Grinder
• Some Crockery and Cutlery
• Microwave
• Toaster
• Twin Panini Grill
• 2x Door Cabinet Fridge
• 1 Undercounter Fridge
• Till
• 4 x Indoor Tables
• 12x Indoor Chairs
• 2x Outdoor Tables
• 8x Outdoor Chairs
• 2x Post Barrier Box
• Cake Stand
• First Aid Box •
We are advised that the business is Leasehold.
The original lease length is 3 years. A new 3 year lease is available for the new tenant.
Rent £540 per month

The business is open from:
Monday: 8:30am - 3:30pm
Tuesday: 8:30am - 3:30pm
Wednesday: 8:00am - 4:00pm
Thursday: 8:30am - 3:30pm
Friday: 8:00am - 4:00pm
Saturday: 8:00am - 4:30pm
Sunday: Closed

The business currently employs 1 part time staff member.

The business reports an annual turnover of £34,000 and has a gross profit of 75%

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