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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Beautifully Presented Coffee Shop

Lincoln, Lincolnshire
Leasehold Price:
£75,000
Status
SOLD / WITHDRAWN
Advert ID
243755
Reference
B05277 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market Coffee Bobbins in Lincoln City. This long-established business has been owned by the current vendor for over 2 years in which time it has built up a loyal customer following with the added benefit of the busy passing tourist trade and which due to family commitments this very rare and exciting opportunity has now become available.

The business has been trading historically for a number of years and has undergone a major refurbishment by the current owner and has been fitted out to a very high standard with all the facilities in first class condition. The business offers an excellent opportunity for either an established operator looking for an additional site or an individual or partnership looking for an exciting business opportunity with huge growth potential in a much sought-after trading location.

The site currently benefits from 26 internal covers spread across one level with the added benefit of the kitchen and WC facilities located within a separate outbuilding. The site currently serves a range of coffee, tea, homemade cakes and sandwiches all served in exquisite surroundings.

The business has great growth potential which the new operator could easily develop by tweaking and extending the food offering further, extending the opening hours perhaps as a bistro/private function location in the evening and obtaining a licence to serve alcohol to take advantage of the location and the quality of the clientele visiting the nearby shops and businesses.

The business would also benefit from developing a stronger on-line presence and raising the profile of the site within Lincoln. The business offers a golden turn-key business opportunity for the new owner with very sensible in-going and running costs.



Location
Situated along The Strait in Upper Lincoln, the site is just a stone’s throw from Lincoln Castle and sits among the other thriving businesses in this picturesque and highly sought-after trading location.

The site is easily accessible on foot and by all modes of transport and is in arguably the best location in Upper Lincoln. The site benefits from plenty of passing footfall and ample pay and display parking close by



Premises
Refurbished ground floor trading space in a much sought-after location in Upper Lincoln.

Front entrance through to service counter with integral food display servery, High Specification Coffee machine, refrigeration and storage units, food preparation counter and stainless storage facilities, all tables, chairs, stools and seating.

Small yard leading to a detached building with fully fitted kitchen, fridges & freezers, WC and additional storage space located to the rear of the main trading area.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £12,996 per annum with 2 years remaining on the current 5 Year lease (New lease terms to be agreed).



Hours
Monday to Friday: 9.30am to 4.30pm

Saturday: 10.00am to 5.00pm

Sunday: 11.00am to 4.00pm




Staff
The business is managed by the current vendor with the assistance of 5 x part time staff.



Financial Profile
We are advised the business is currently turning over in the region of £161,000 per annum trading limited hours.

There are currently no business rates payable.




Seller Details
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Listing Details
Leasehold Price: £75,000
Tenure: Leasehold
Location: Lincoln, Lincolnshire
Sector: Tea Rooms
Financials
Annual Turnover: £160,992
Location Statistics
What's nearbyi:
Fab Vintage (approx. 0 mile)
Supersave (approx. 0 mile)
Supasave (approx. 0 mile)
Lagat (approx. 0 mile)
J E Sills & Sons Ltd (approx. 0 mile)
Healthy Appetites (approx. 0 mile)
The Dandy Lion Alehouse (approx. 0.1 mile)
Gotham Games (approx. 0.1 mile)
Figgerz (approx. 0.1 mile)
The Little Lincoln Cafe (approx. 0.1 mile)
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