Sold
Beautifully Presented Coffee Shop in Prominent Location
Worcester, Worcestershire
- Asking Price: £59,999 +SAV
- Turnover: For further financial information please contact Hilton Smythe.
- Tenure: Leasehold
There has been a coffee shop at this location for three or four years. The current owner has been running House of Coffee since August 2016 and is reluctantly selling to concentrate on his other business which is located in the centre of London. During his ownership, the business had been totally refurbished and brought up to date and is now beautifully presented. The fully licensed business sells artisan coffees, premium teas, premium chai, luxury hot chocolates, food, Brew Bar (Single Origin Drip Coffee) this is available for hire for any occasion. The business is very well maintained with new distinctive signage and is within a minutes’ Walk of an NCP car park with all the other City Centre car parks nearby. House of Coffee also offers its services on Deliveroo, a popular app that allows for more custom. House of Coffee is a dog friendly coffee shop. Scope to improve:-Extend the opening hours Open as a bistro in the eveningsAdvertising and marketing campaign Maximise the use of social media Introduce a loyalty card/schemeReasons to Buy.1. Perfectly positioned opposite Cathedral Square which is driving footfall to this part of the city.2. Well established business with an enviable reputation and many existing customers 3. Recently refurbished at considerable expense making this a real Turn Key Business 4. Current owner happy to offer a handover to ensure the continued success of the business5. Ideal owner managed or husband and wife business.
The day to day activities of the business is currently run by a salaried Manager and assistant staff.Opening up the opportunity of the new owner to reduce costs by running the business themselves.
Monday to Saturday: 8.30am – 5pmSunday: 9.30am – 4pm
House of Coffee is perfectly situated at the beginning of Worcester High Street in the shadow of the beautiful and impressive Worcester Cathedral which is a popular tourist destination. This end of the High Street location has seen recent redevelopment with the new Cathedral Square. Cathedral Square, the site of a former hotel has been redeveloped at a cost of over £20m and the site which now has a balcony offering breath taking views has been transformed into a new retail and food quarter. The business is immediately opposite the busy and vibrant new shopping mall which is home to complimentary retail brands such as Ask, All Bar One, Byron Hamburgers, Cosy Club, Miller and Carter Steakhouse, Yo! Sushi, Kung Fu and Fitness 4 Less. The business has seen a massive upturn in footfall and passing trade since the opening of Cathedral Square,
The business occupies the ground floor of a period terraced building on Worcester’s busy High Street. Coffee Shop: -Windows and glazed door to front creating a light, airy and inviting interior. The shop has tiled floor, suspended ceiling with concealed lighting (recently installed at considerable cost but removable to offer more ceiling height if required).Equipment includes: Quality tables and chairs currently providing 24 covers internally (room to increase)Glass topped ice cream freezerOpen drinks chillerBespoke counter and serving area with glass fronted serve over counterStainless steel sink and drainer with useful storage beneathMarble splashbacksStainless steel urnLa Spaziale S5 Coffee machineCaterlit ice machineGlass fronted drinks chillerStylish booth seatingRecently installed double display fridge, hot potato oven, Merrychef Turbo Oven and a Britvic draught soft drinks dispenser.Inner Lounge/Snug: -Between the main coffee shop and the kitchen is a good sized room currently being used for storage but ideal for a lounge/snug with sofas and coffee tables for a more intimate dining experience. Easily converted at minimal cost. KitchenTo the rear of the premises is an immaculately presented and comprehensively equipped catering kitchen with window to rear. Equipment includes:Lincat steam ovenUpright fridge freezer2 electric induction jobsChest freezerSirman double panini grillIndustrial microwave3 pot Bain MarieAster dishwashing machine2 compartment commercial fridgePerimeter shelvingUtensil hanging railsStainless steel preparation tablesFlat top griddle Staff WC with hand wash basin. Exterior To the rear of the premises is a secure yard with a side walkway to Fish Street which is ideal for deliveries and negates the need to carry stock through the coffee shop. There is also an external drinks store and space for wheelie bins. There is an external seating area to the front of the business which is a lovely spot to take a coffee and cake and watch the world go by. Tables and chairs provide 24 covers.
Tenure
We are advised this is a leasehold sale. We are advised leasehold with the current lease expiring in October 2018, however we are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner. The current rent is £28,000 per annum.Business rates are currently £9500 per annum.
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