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