Leasehold Independent Coffee Shop (Licensed) Located In Moreton In Marsh

Moreton In Marsh, GL56 0AF
£120,000 plus SAV
Business ID:
#2453
£120,000
  • Ref: 2453
  • Type: Coffee Shop
  • Availability: For Sale
  • Veritas Categories: Catering, - Cafe, - Coffee Shop, - Tea Rooms
  • Business ID: 2453
  • Price Postfix: plus SAV
  • Commercial Tenure: Leasehold
  • Commercial Price: 120000
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Property Features

  • Leasehold
  • Established Business
  • Stunning Property
  • Ideal Starter Business
  • Holiday Let Above
  • 1 Bedroom accommodation
  • Cotswold Tourist Town Location
  • Recently Refurbished
  • Fully Fitted
  • Further Potential

Full Details

Leasehold Independent Coffee Shop (Licensed) Located In Moreton In Marsh
Trip Advisor Rating 4.5 and Facebook Rating 5 Star
Accommodation Above
Ref 2453

Location
This delightful Coffee Shop is located in the highly desirable Cotswold tourist hotspot of Moreton in Marsh, Gloucestershire. An area of Outstanding Natural Beauty, the town stands at the crossroads of the Fosse Way Roman road and the A44. Located at the head of the beautiful Evenlode Valley, Moreton in Marsh is a thriving market town with excellent public transport links including a direct link to London by rail. The town dates back over 1000 years to the Saxon era.

Asking Price £120,000 plus SAV (£1500)

Leasehold
Term : 15 years
Remaining: 7 years
Rent: £16,000 pa
Business Rates: zero

Business Description
Veritas Business sales are privileged to offer to the market this quaint Coffee Shop which is located in Moreton In Marsh. The business was established by our clients back in 2016 and is now being offered for sale so that they can enjoy a well deserved retirement. The property dates back to circa 1650, is grade II listed and since ownership there has been significant investment in the upkeep of the premises to include re-wiring, new signage and the installation of new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Marthas Coffee House is owner operated and employs the help of 1 full time and 3 part time members of staff along with 3 weekend workers and posted an annual turnover for year ending 31st March 2019 of £127, 671 net of vat with a GP of £88,776 (70%). The menu offers artisan coffee, teas, hot chocolate, milkshakes, soft drinks, All Day Breakfasts, Daily Specials, freshly cut sandwiches , toasties, salads, homemade soups, freshly baked cakes and savoury and traditional scones. All food is freshly prepared to order on site, using only the finest locally sourced produce. We believe that there is further potential to increase revenue should you wish, by extending the current opening times and opening evenings as a bistro (planning permission already acquired). The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many new tourists and was runner up in Cotswold's Life's €˜Best Cafe' Competition and has a review in Lonely Planet. This is a superb opportunity to purchase a turnkey business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Hours
Monday and Tuesday - 9.00am - 4.00pm
Wednesday - closed
Thursday and Friday - 9.00am - 4.00pm
Saturday - 9.00am - 5.00pm
Sunday - 9.00am - 4.00pm

Ground Floor
Restaurant comprising: tables and chairs to cover (18), feature fireplace with electric fire, understairs storage cupboard, wall mounted storage shelves, sales counter with cash register (Sharp), cake display containers, espresso coffee machine (Fracino), coffee grinder (Fracino), hot water boiler (Cater-brew), under counter fridge, undercounter drinks fridge, upright cold drinks fridge, stainless steel table with pass, saladette with marble worktop and 2 door undercounter fridge, wall mounted metal shelves, panini press (Lincat), 5 ring electric hob/oven (Cookmaster), ceiling mounted storage racks, toaster, mixer, microwave (Samsung), wall mounted cupboards, dishwasher (JLA), stainless steel wash basin, stainless steel sink with hot water heater (Redring) and various crockery and tea pots.
Hallway with stairs leading to the first floor accommodation.

First floor
Double bedroom with feature fireplace, TV and tea and coffee making facilities.
Bathroom with Shower cubicle, W/C, wash basin and electric water heater.

Second Floor
Storeroom with 2 metal storage units, 2 upright fridges, upright freezer and 2 chest freezers.

The accommodation benefits from electric storage heating and is let on Air BnB basis which generates an additional income of circa £12,000 pa. Alternatively owner operators have the option to live on site.