Cafe

An exciting opportunity has arisen to acquire a well-established and popular coffee shop in a great location in Colchester. This attractive business benefits from a loyal customer base and a strong, consistent turnover, while still offering significant scope for further growth.

The coffee shop is presented to a high standard, featuring a modern, good-quality fit-out that creates a welcoming environment for customers and allows a new owner to step straight into trading with minimal additional investment required.

The business offers substantial potential to increase revenue by extending opening times to capture the lucrative evening market, as well as introducing or expanding a delivery and takeaway service to reach a wider customer base.

Situated in a busy and desirable Colchester location, the coffee shop benefits from excellent visibility and passing trade, making it ideal for an owner-operator or an experienced hospitality business looking to expand their portfolio.

Key Features:

Established coffee shop with strong turnover

Excellent Colchester location with good footfall

Stylish, quality fit-out throughout

Loyal and regular customer base

Strong reviews supported by a 4.7* Tripadvisor rating and 4.6* Google rating

Significant growth potential

Opportunity to extend trading hours and develop evening trade

Scope to introduce or expand delivery services

This is a turnkey opportunity with genuine potential for further development under new ownership.

Early viewing is highly recommended. RX750787

Tenure

Lease until 2041 at a rental of £21,600 plus VAT per annum exclusive.

Turnover

We are advised turnover averages £4,000 per week working to the usual high gross profit margins associated with the trade.

Trading Hours

Tuesday to Sunday 8.30am - 3.30pm opening until 4.30pm in the summer months. Closed Monday.

Staff

The business is run by a manager with the assistance of various part time members of staff.

Business Rates

The premises is subject to a rateable value of £8,500 resulting in zero business rates payable, should small business rates relief apply to a purchaser.

Legal Costs

Each party are to be responsible for their own, with the landlords legal costs to be split 50/50 based on a lease assignment. If a new lease is granted, each party are to be responsible for their own, with the landlords legal costs for the surrendering of the existing lease to be the responsibility of the vendor and the landlords legal costs for the granting of the new lease to be the responsibility of the purchaser.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.