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Leasehold Coffee Bar in Prime City Centre Location of Canterbury, Kent - Recently Refurbished with 83 Covers

Canterbury, Kent
LEASEHOLD LIC.  COFFEE BAR Photo 1
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LEASEHOLD LIC.  COFFEE BAR
  • Leasehold: £155,000
  • Rent: £29,000
  • Turnover: £364,000 (£7,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Free of Tie Leasehold
  • Fully Fitted
  • Town Centre location
  • Open Plan Trading Area
  • Established Business
  • Attractive Business
  • Prime Location

Business Details

LEASEHOLD LIC. COFFEE BAR

PRIME CITY CENTRE LOCATION - RECENTLY REFURBISHED - 63 COVERS 20 OUTSIDE - TAKING £7,000 PWK - STAFF OPERATED

Location

These recently refurbished grade II listed premises occupy a prime trading location fronting a busy street in Canterbury City Centre. Close by are numerous offices, banks and stores which provide an excellent level of trade. The premises are adjacent to the historical cathedral which draws tourists all year round.

Business

This is a well established concern which was recently (2024) completely refurbished  throughout and is now presented in immaculate condition. It is licensed and operates as a bar with cocktails later in the day and evening. Now presented as a modern clean concern with seating for 17 and additional first floor seating for another 46 in 3 well presented rooms all enjoying Cathedral views. There is also outside seating to the front for another 20 being an ideal sunny spot for people watching. The business is totally staff run offering tremendous potential for owner involvement and office deliveries, sandwich rounds and outside catering if desired. The premises also benefit a currently unused second floor which could be utilized as separate function room or as a 1 bed staff/managers flat (subject to p/p).

Turnover

We are informed that the business enjoys a turnover around £7,000 pwk @ 65% GP.

Staff

Run by 2 full time staff and 3 part timers.    Wage Bill £1,500 pwk.

Hours

9.00am - 6.00pm  Sun - Thurs

9.00am - 8.00pm  Fri - Sat

 Premises

Attractive recently refurbished grade II listed corner premises with seating for 17 across tables and chairs plus window bar seating. Long servery counter incorporating glas fronted display, Coffee machine, coffee grinder, Epos till system,  beer pumps, glass fronted refrigerated drinks display cabinet, st/st sink, griddle, glass washer.  Two sets of stairs to first floor comprising 1 large room and two smaller cosy rooms with seating for a total of 46. Customer WC with H&C hand wash basin. Two sets of stairs to unused Second Floor comprising Function Room with Bar (or Bedroom), Sep. WC. Shower Room and kitchenette.

There is also a large basement offering good storage, beer cellar, chest freezer and two large upright fridges.

Living Accommodation

The unused second floor could be utilized as a 1 bed flat if desired (Needs refurbishment).

Tenure

New 25 year lease from June 2024.           RENT £29,000 PA (5 year reviews)

Business Rates

None payable

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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