Retail premises for sale in Plymouth, Devon PL1

£49,999
Retail premises for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Available leasehold, no reasonable offer refused!
  • Excellent turnover
  • Relaxed, friendly atmosphere, located next to a major mall
  • Stunningly presented coffee shop with excellent potential as a bistro

Property description

Reference - 46813

Description
Coffee Bean Central is a spacious and delightfully presented independent coffee shop located within Plymouth, Devon.

The business occupies 2 floors and is presented to an excellent standard. The ground floor offers seating for up to 29 people with an additional seating area to the exterior, offering up to 16 places under the current licence. The first floor offers seating for up to 28 clients.All seating is a mix of traditional tables and chairs combined with settees.

The business offers a whole host of non-alcoholic drinks and specialises in coffee from around the world. Their cuisine offers an array of breakfasts, brunches and lunches, aswell as a full take away service.

Turnover is excellent and scope remains for the premises to become licenced, therefore the opportunity stands for an evening venue, which is popular in the area and it is suggested wine and tapas would be an excellent starting point.

Sales
Current annual shop sales average £277,430 approximately.

Accounts
Available accounts are to year end 2017 and are summarised below:

2018
Sales £277,413

2017
Sales £251,404

2016
Sales £248,128

Trading Hours
Monday – Saturday
08:00 – 18:00

Sunday
09:00 – 17:00

Staff
The business is overseen by the owners and operated under management with a mix of full and part time members of staff.

Building External
The building is multi storey. The ground and first floors, which is the complete unit.

Building Internal
The ground floor breifly comprises of
29 seats internally with a mixture of sofas, chairs, armchairs and stools.

The first floor briefly comprises of a
lounge with 28 seats, made up of a mixture of sofas, armchairs, chairs and high stools.

The upstairs area has a much calmer feel with windows overlooking the high street.

Externally, there are currently 8 tables and 16 chairs.

Residential Accommodation
There is no residential accommodation for owners/management available.

Summary
This is a stunning opportunity to acquire a fully independent coffee shop within Devon with scope to expand.

This opportunity would be ideal for both an independent operator or a corporate wanting a foothold in this great location.

Demand is expected to be high so early viewings are essential.

Tenure
The premises is held upon a 5-year lease with a figure of £37,000 payable in rent each year. Rent reviews are every 5 years and the landlord would look at a longer lease to suitable clients. The business does gain some business rate relief with £13,000 payable annually (correct 2018)

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Arrange Viewing

For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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