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SOLD OR WITHDRAWN FROM THE MARKET
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Popular Bistro style Coffee Shop, & Art Gallery on the Northern Border of Suffolk

Lowestoft, Suffolk
Leasehold Price:
£60,000
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Status
SOLD / WITHDRAWN
Advert ID
192007
Reference
04661 / Rightbiz

Details

    Excellent central location

    Historic building

    5* hygiene rating

    Plenty of growth potential

    Freehold option available

Intelligent Business Transfer is pleased to offer a leasehold or freehold of this well-established licenced bistro-style coffee shop which has undergone a programme of regeneration and restoration and enjoys a prime location in a popular tourist town.The current owner has built up a business that offers a welcoming and relaxing environment with good food and service. The premises has a 5* hygiene rating.The business benefits from a loyal year-round customer base, with seasonal summer peaks. The current owner also facilitates regular cultural activity groups and makes the premises available for private hire. There is now plenty of scope for a new owner to capitalise on this success and take it to another level.The new owner will benefit from a flexible space with seating for up to 50 inside and 25 outside, in sight of the sea. The building has a notable history and the current owner displays works from local artists which keeps the place current and interesting, offering a further reason for passers-by to stop in and return regularly.Overall, this could be an attractive acquisition for an experienced catering professional, budding café owner, or retail entrepreneur looking for a thriving operation with bags of potential. The premises licence would especially be suitable for a potential restaurant. There may also be an option for a new owner to easily adapt part of the premises for residential use, subject to any required permissions.The current owner has indicated a willingness to discuss remaining with the business for a transitional period following the sale, if required. Intelligent Business Transfer has been requested to find a suitable buyer.
Seller Details
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Listing Details
Leasehold Price: £60,000
Tenure: Freehold
Tenure: Leasehold
Tenure: Other
Sector: Catering Businesses, Tea Rooms
Financials
Annual Turnover: £165,693
Annual Net Profit: £21,673
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SOLD OR WITHDRAWN FROM THE MARKET
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