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Saturday 24th of Jun 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£129,999

Popular Coffee Shop Located In Wokingham, Berkshire Premium Advert

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Further Details
Reference1247 / RightBiz
Status
FOR SALE
Advert ID191616
LocationWokingham, Berkshire
SectorTea Rooms, Cafes, Sandwich Shops
Leasehold Price£129,999
Annual Turnover£200,000
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Falcon Commercial is delighted to offer for sale this extremely well presented Coffee Shop which occupies a prime trading position on one of the main shopping streets, near the busy Market Square in this popular Berkshire town. It has been under the proud ownership of our client since 2012 during which time they have made considerable investment in an extensive refurbishment of the premises. It is now being placed on the market as the owner wishes to develop other business interests. During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, fantastic coffee & food as well as great service.

Oslar Coffee enjoys a central trading position on a busy shopping thoroughfare with good pedestrian flow. The area is seeing considerable investment and rejuvenation. Local customers and visitors are attracted to the area by the range of businesses on offer. This thriving refurbished business is operated as a daytime Coffee Shop which serves a range of quality coffees, drinks and food that includes paninis, wraps, sandwiches, handmade cakes, pastries and ice cream. All produce is sourced locally wherever possible.

Oslar Coffee is run by our client with help from a dedicated team of staff and generates a turnover in the region of £200,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover possibly by running a modest marketing campaign or by extending the opening hours to include Sundays, earlier in the day or evenings, especially in the summer months.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended


The Premises
Substantial and well maintained leasehold building, benefiting from being in a highly visible position on one of the main roads that runs through Wokingham. It is surrounded by an excellent mix of complimentary independent owned and multiple businesses.
The premises have been well maintained and are fitted and presented to high trade specifications throughout. These charming premises provide outstanding and highly functional internal business accommodation which benefit from low energy LED lighting throughout.

The premises briefly comprise:

Ground Floor
•Open plan customer seating area with a range of free standing chairs and free standing tables comfortably seating 50 plus customers in total. Free standing refrigerated display unit. Glass fronted cake display cabinet.
•Ice cream counter.
•Attractive servery with ample work surfaces behind, under counter open storage and refrigerators. There is also a range of well-maintained catering equipment that includes 2 x 2 group Cimbali Coffee Machines, 4 x On Demand Grinders, a Merrychef Oven etc
•Customer toilet suitable for disabled persons as well as containing baby changing facilities.
•Dry store

External
•1 parking space in a communal service yard

Business Details

Opening Hours
•8.00am – 5.00pm Monday to Friday
•8.30am – 5.30pm Saturday
•Closed Sundays and bank holidays

Turnover
•£200,000 Per year

Business Rates
Business rates payable: £10,800 per year
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Stock
The business stock value is: £3,000

Staff
The business is run by the proprietor with help from a dedicated team of full and part time staff who work on an agreed rota basis.

EPC
Commercial Energy Performance rating: N/A

Planning
Potential tenants are advised to make their own enquiries to Wokingham Borough Council, Shute End, Wokingham, Berkshire RG40 1BN

Tenure
•Leasehold.
•We are advised that the business comes with the benefit of a secure new lease for 15 years which has 10 years remaining.
•The annual rent payable is £31,000+vat

Legal Costs
Each Party to bear their own legal costs incurred in the transaction.

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Viewing
Strictly by appointment with the vendor’s agents, Falcon Commercial, 1 Miltons Yard Axminster EX13 5FE on 01297 598080

Location
The market town of Wokingham is situated in the Royal County of Berkshire about 30 miles west of London.
Wokingham town centre offers a wide selection of restaurants, cafes and pubs and is ideally located for easy access to its neighbouring towns of Reading and Bracknell.
It is within easy reach of the M4 and M3 motorways, with main line rail access to both Waterloo Station and Gatwick Airport.
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