Exceptionally Successful Take Away & Cafe In Cowes For Sale

Business description

Established for our clients for approximately 11 years, Tiffins of Cowes has undoubtedly developed in to one of the busiest businesses of its type on the Island. Signficant turnover is derived from the sale of take-away sandwiches, baguettes, pastries and hot and cold drinks. Trade is further bolstered by the order and supply of food stuffs and packed lunches to the local Yacht Clubs and Event Organisers during the busy and extending Summer Season that Cowes is so famous for. This is a family run business which is offered for sale discreetly as our clients have now made the decision to pursue a less hectic life style! Accounting information provided clearly shows that a most buoyant turnover and healthy profits are available to the right operators and it should be noted that the business is currently run as a limited company and either a sale of the share issue or assets and goodwill will be considered, subject to terms. Detailed financial information is available upon request to bona fide applicants after inspection.

Property information

Property:

Leasehold

Lease terms:

A 15 year term from 16th November 2008 granted by the Cowes Town Waterfront Trust Limited. The current passing rent is £24,000 per annum exclusive with rent reviews scheduled at 5 yearly intervals.

Location:

Tiffins of Cowes is located in a prime Cowes High Street situation. Directly adjacent to the entrance to Cowes Yacht Haven and opposite The Anchor Inn public house. Lloyds Bank, Sainsbury's and several upmarket fashion retailers are also nearby.
Cowes is an internationally renowned Yachting centre and has a buoyant and racing scene, bringing high spenders to the town during the season and beyond with many specialist and class Regattas extending the core season. Tiffins is well placed and established to take advantage of the numerous opportunities to supply the Yacht Clubs and event organisers with food products and packed lunches. This along with a resident population of around 18,000 people ensures that Tiffins is busy all year round.