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.
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.
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:
Larder Upright Freezer
Expresso | Filter Coffee Machine
Table and 4 Chairs
Crockery and Cultery
2 Bench Seats (seating 4x storage)
Landlords Equipment but included in rental:
Expresso Coffee Machine
Some Crockery and Cutlery
Twin Panini Grill
2x Door Cabinet Fridge
1 Undercounter Fridge
4 x Indoor Tables
12x Indoor Chairs
2x Outdoor Tables
8x Outdoor Chairs
2x Post Barrier Box
First Aid Box
We are advised that the business is Leasehold.
The original lease length is 3 years, with a new 3 year lease 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
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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