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Café With Two Bedroom Apartment For Sale

Loughborough, Leicestershire
Asking Price:
£74,950
Sales Revenue:
Available on request
Cash Flow:
Available on request

Business
Hilton Smythe are pleased to welcome to the market The Coffee Pot. The business has been operated by the current vendors for over twenty-seven years and due to retirement, this long established and thriving business has now become available.

The Coffee Pot serves a delicious range of breakfasts, toasted sandwiches, omelettes and pizza’s as well as the traditional café specials throughout the day and has built a well-established customer base over the years making this business an ideal opportunity for a new owner to put their own spin on things and take the site to the next level.

The business benefits from having an alcohol licence in place for table service and is able to serve until midnight. This therefore opens up a whole new market for the in-going operator should they wish to extend the hours open during the evenings creating a Bistro and generating another healthy income stream.

The site also benefits from having a two-bedroom apartment to the first floor with a separate entrance which the new operator could either live in or let out to generate further income.

The business has excellent growth potential and has the benefit of 54 covers set out in its current format, this is a rare and exciting opportunity for a new owner to grow an established site with further potential and living accommodation in a very sought-after location and is not to be missed.

Location
The business is situated on Granby Street in the centre of Loughborough, the site is in an ideal position and is easily accessible by all modes of transport with the benefit of the town’s main pay and display car park opposite.

Loughborough is a thriving market town with a student population of 16,000. The Coffee Pot is in an ideal location to service the town centre as well as the residential community which circumnavigates the site.

Premises
Ground floor café and bistro with a two-bedroom first floor apartment with kitchen, living room and bathroom with the benefit of a separate side entrance.

The 2 bed accommodation is currently being used as storage for stock.

Main service counter and ground floor includes WC’s, coffee machine, display units and shelving, fridges and fridge freezers.

All tables and chairs in the main serving area.

Fully fitted kitchen with gas hob and extractor over, stainless steel preparation and serving counters, microwave ovens, all equipment required for the business to continue in its current format.

Tenure
We are advised the business is being sold as a Leasehold opportunity with a new lease to be generated with rent anticipated for the whole site to be in the region of £20,000 per annum.

Hours
The opening hours are currently;
8.00am - 4.30pm Monday to Friday
8.00am - 4.00pm Saturday
10.00am - 4.00pm Sunday

Staff
The business is run and managed by the current vendor with the assistance of 1 full time and 2 part time staff members.

Financial Profile
Please contact Hilton Smythe for further information.

There are currently no business rates payable.

We anticipate the two-bedroom apartment to generate an income in the region of £6,600 per annum if let out on an AST.

Property information

Property:

Leasehold

Contact Information

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