Coffee Shops for sale in Ross-on-Wye

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COFFEE SHOP & GIFT SHOP IN ROSS-ON-WYE

Ross-on-Wye, Herefordshire, England

  • Freehold Price: £399,000
  • Annual Turnover: £148,733
  • Annual Net Profit: £66,000
Seller Reference: PAX0200668715
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Seller Reference: PAX0200668715
Request Details
Business Description
Established Coffee Shop and Gift Shop, with generous 3 bed and 2 large reception accommodation, parking to rear. Great Location with all year round trade.

This is a rare opportunity to purchase a successful 24 seat A3 Coffee and Gift Shop with full length cellar and comfortable spacious three floor accommodation above the shop which has separate access. Private parking is available to the rear of the property. The property is located in the centre of Ross-on-Wye, a popular all year round tourist location and the gateway town to the Wye Valley. The business has been trading for eleven years and is now reluctantly being offered for sale to enable the owners David and Sara to enjoy a well deserved retirement. The retail area is approx. 65.461sq.metres and all the fixtures and fittings have been purchased are included with the sale. If required by the new owners, the giftware stock will be valued at the point of contracts. The fully refurbished 300 year old building is located to the right of the even older historic Market House in the centre of Ross-on-Wye. Having this great location has negated the need to advertise the business as you cannot miss it when visiting the town, also, many tourists visit as a result of the Coffee Shop featuring as number 1 on Trip Advisor.

This is an ideal business for a couple or a single person looking for a change of lifestyle, being in charge of their own destiny and being self employed with guaranteed income. David and Sara were fed up with their jobs and possible uncertainty within their positions persuaded them to make the move 11 years ago, they say it was the best decision they ever made and wished they had made it sooner! Having fallen in love with the area, they have already purchased a beautiful house in the Wye Valley and have vacated the upstairs accommodation above the shop.

The business currently employs 14 part time staff including teenagers, University students who have worked with here since they were at school and three ladies who help out during the week (one of whom now does all the baking!) The Last audited accounts show an annual turnover of £148,733 and last audited profits of £66,000. Hours are currently 9-4:45pm weekdays. 10:00- 4:45pm and Sundays (peak season only) 11- 3:45pm but the business could open further hours on evenings and off peak Sundays to provide an even higher turnover. It is strongly recommended to have an internal viewing to appreciate the size and scope of the accommodation and the flexibility of the retail area.

Tenure: Freehold
Full small business rate relief. (currently FREE)
Domestic rates Council tax band A. £1,296.25 annually.

Location details: The Coffee shop is located in the town square, right in the heart of town. Ross-on-Wye is noted for the number of independent shops it has and this property is located between a successful Kitchen Equipment Shop and a classy independent Cocktail Bar. Ross-on-Wye is situated at the end of the M50 and on the A40 so Birmingham, Cardiff and Bristol can be reached in just over an hour and Cheltenham and Gloucester are around 50 minutes away. The town is surrounded by awe inspiring scenery including the Wye Valley (Area of Outstanding Natural Beauty), Wales (six miles west) and the Malvern Hills and the Cotswolds to the north.
Watch our video: www.potsandpieces.com

Viewings: arranged by appointment only.
Please contact: David Bruce dbruce@sky.com
Tel: 07805 950008
The audited accounts will be made available to interested parties who have had a viewing.
Trading hours:
Weekdays: 9:00 - 4:45 Sat: 10:00 - 4:45
Number of employees:
14
Tenure:
Freehold
Is accommodation included?:
Spread over three floors, the generous 3 bed accommodation also has two good sized reception rooms and a small roof garden.
Number of bedrooms:
3
Support and Training:
If requested, we would be happy to give a weeks handover training to the new owners. We would also hand over a bespoke training manual for new staff, recipes (for our cakes and food), suppliers contacts and masters for the business admin.
Location Details:
Situated in the main town square right next to the historic Market House
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