• ESTABLISHED AND WELL RESPECTED INDEPENDENT COFFEE SHOP/BRAND
Price:
Leasehold - £29,950
Location:
Cornwall, Penzance
Business Type:
Food Service Businesses
• WELL APPOINTED AND EQUIPPED GROUND FLOOR DAYTIME CAFÉ (30 COVERS)
• 4 FIRST FLOOR ROOMS (STORAGE/OFFICE)
• REAR COURTYARD (10 COVERS), CUSTOMER WC AND STORE
• RENEWABLE SECURE LEASE
The business trades from an attractive 2-storey building dating back to the 1800’s, whose modest exterior belies the spacious interior. The premises are well-appointed with defined seating areas, providing 30 covers overall and attractive and welcoming theme. To the rear of the building is a large store, customer WC and rear courtyard with seating for circa 10 covers. On the first floor are 4 rooms, one of which is currently being used as an office, with the remaining 3 as useful storage. Subject to Landlord’s consent and relevant local authority planning permission, this could have alternative uses.
The Green Bean Coffee Company trades all year, from 8.00 a.m. to 5.30 p.m., Monday through to Saturday. We understand a business has been on this site for the past 25-30 years, has been in our client’s tenure for the past 4 years and is now being offered for sale due to other commitments. The trade profile is approximately 70% sit-in and 30% take-away. The premises have been subject to comprehensive updating and improving during our client’s tenure and are presented in good order. The trading profit and loss account for the year end March 2010 shows sales of £76,260, producing a gross profit of 66% and an adjusted net profit of £15,077 (after deducting wages of £5,000). At the time of writing, we are awaiting the profit and loss account for the year end 2011 however, the revised turnover and gross profit levels are expected to be similar to that of the previous year. Further accounting information will be made available, subject to a viewing appointment in the normal manner.
The Green Bean Coffee Company is situated on the lower end of Market Jew Street, which is Penzance’s principal pedestrian and vehicular thoroughfare and trading location.
Penzance is a vibrant town with national and niche retailers and a strong all year round trade with seasonal uplift.
The Green Bean Coffee Company is situated on the lower end of Market Jew Street, which is Penzance’s principal pedestrian and vehicular thoroughfare and trading location.
Penzance is a vibrant town with national and niche retailers and a strong all year round trade with seasonal uplift.
North Yorkshire
£ 750,000
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