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Newly Refurbished Coffee Shop In Kingswear For Sale

Kingswear, Devon, UK
Asking Price:
£89,500
Sales Revenue:
Available on request
Cash Flow:
Available on request

Kingswear Coffee Company trades from a ground shop which has recently been completely refurbished including new plumbing and electrics and the addition of a customer and staff toilet. The trade area has been fitted with quality fixtures and fittings and provides seating for up to 14. Kingswear Coffee Company is owner operated with the assistance of part time staff at the height of the season. The business previously traded 7 days a week, Monday to Saturday 8am-4pm, Sunday 9am-3pm. The owner has chosen to close the business for the low season intending to reopen in March. Kingswear Coffee Company provides the local customer base and the many tourists who visit the area with excellent coffee alongside a range of hot & cold drinks, home baking, easy takeaway food, ice cream and locally sourced gifts such as preserves. The sale of this business provides the next proprietor with the option to run a seasonal business in this very beautiful and popular part of the country or a solid base on which to grow the business to suit their own requirements.

Property Information

Property:

Leasehold

Location:

Kingswear is located on the east bank of the River Dart, close to the river's mouth, opposite the town of Dartmouth and is within the South Devon Area of Outstanding Natural Beauty. The premise is located opposite Kingswear Railway Station, which is situated on the river front in the centre of Kingswear. The station is the terminus of the Paignton and Dartmouth Steam Railway. The premises also faces the Lower Ferry to Dartmouth which transports both vehicles and pedestrians. Darthaven Marina, which has capacity for 250 yachts, is just a short walk away. This location guarantees the coffee shop good passing trade with limited competition.

Premises Details:

The premises comprises:-

MAIN TRADE AREA 56' 1'' x 26' 11'' (17.1m x 8.2m)
Smartly decorated with painted brick and wood panel walls, pendant & wall mounted lighting, original wood flooring. Side entrance with large picture window to the front providing views of the Lower Ferry and River Dart. Customer seating to the window plus sign written large wooden bench, modern metal stools and wooden tables. FOOD & DRINK PREP AREA Wall & floor mounted cupboards, wood effect vinyl flooring and tiled splash back. La Spaziale 2 group S5 Coffee Machine and Mahlkonig E65S On Demand Coffee Grinder, 2 Polar under counter fridges, integrated large upright fridge/freezer and under counter freezer. Classeq 400P commercial dishwasher, sink with drainer and separate water heater. Full range of coffee shop accessories, ACME EVO coffee cups, crockery and glassware.

CUSTOMER & STAFF CLOCKROOM

GENERAL INFORMATION

RATEABLE VALUE 2017 List: £2,500.

This is not Rates Payable. Qualifying occupiers will be eligible for 100% Business Rate Relief. Interested parties are advice to make their own enquiries with the Local Billing Authority, South Hams Council.

BUSINESS
We have been informed the turnover for the first full year of trading was circa £48,000 and £30,000 for the 4 months of summer 2020. The business benefits from low establishment costs.

TENURE
The property is held on a long lease within excess of 70 year remaining. Ground rent payable of £60 per annum. Further enquiries to be made through the Agents, Bettesworths.

SERVICES
The premises is connected to mains water & drainage and electric.

INVENTORY
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.

STOCK
Wet and Dry stock in trade will be taken over by the purchaser at valuation on the day of completion.

VIEWING
Viewing is to be arranged by prior appointment with the Sole Agents, Bettesworths.

Energy Performance Rating:
E

Contact Bettesworths

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