Description This is an exciting opportunity to acquire an established and well known coffee shop situated in a prime location in Warwick, Warwickshire.
The business occupies a prominent trading position, amongst an abundance of retail and commercial outlets.
The area is a hive of activity and the business subsequently attracts high levels of both regular local and passing trade from the large number of shoppers and workers who frequently visit the town.
Caffe Chai lies near the River Avon, 11 miles (18 km) south of Coventry and just west of Leamington Spa and Whitnash. The town enjoys many events and attracts a lot of tourists into the area due to the castle and the history of the town. The town, particularly in the summer months, is a hive of activity with potential customers from far and wide visiting the area.
The business is well presented throughout with a selection of good quality furniture and a range of valuable catering equipment, which has been well maintained.
This is a great opportunity to be a successful and lucrative business, which represents an ideal investment for an ambitious and energetic owner who can continue to drive the business forward and undoubtedly increase the weekly sales, whilst enabling additional overheads to be kept to a minimum and therefore enhancing overall profitability.
The business only trades Saturday to Monday due to our client’s ill health. There is scope to trade six to seven days a week. We have also been advise there is the potential to apply for an alchol license.
To fully appreciate this excellent opportunity a viewing is highly recommended to disappointment.
Sales Currently shop has 3 days limited trade. Potential to increase.
Accounts Current records and accounts can be inspected when viewing.
Building External The business operates from a highly visible and imposing ground floor lock up shop premises, which offers an excellent blend of trading space.
Building Internal The 40 cover seating area is light and airy creating a relaxed and welcoming environment. The dining area is split into the front part of the property leading through to the rear larger dining area.
The open plan kitchen/preparation area is well fitted with a good range of catering equipment, which has been well maintained.
There are also toilet facilities and externally there is seating for 6 people with a canopy that is retractable, which is popular especially during the warmer months.
Residential Accommodation There is no residential accommodation for owners/management available.
Tenure We are advised that the property is held on a 10 year lease which commenced in 2013. The annual rent is £14,000 exclusive (correct as advised on 11/02/19). Rent reviews are at 5 yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary This is an exciting opportunity to purchase a well-known business with a bright and exciting future. To avoid disappointment, a viewing is highly recommended.
When sold all shock is valued and equipment will be in the sale.
For more information about this property, please contact Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)
Contact Kings Business Transfer about this property
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