For Sale
Well established coffee shop and restaurant for sale
Kinross, Kinross-Shire
- Asking Price: £224,995 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £90,000. Further financials can be made available upon request.
- Tenure: Freehold
Please quote reference B07397
CoGoGo are delighted to welcome to the market Reminisce Coffee Shop, a highly rated Coffee Shop and Restaurant in Kinross.
The business was first established by our clients in 1993, building up an excellent reputation and repeat client base. As seen by the fantastic online reviews, the business is extremely popular within the local community.
Reminisce Coffee Shop has now come to the open market due to ill health.
Reminisce Coffee Shop is well known for offering a freshly prepared menu for customers who are looking to eat in or takeaway, specialising in Coffee, Delicious Cakes, Breakfasts, Sandwiches & Other Treats.
Key selling points -
- Short walking distance from park and ride
- Round the loch path with safe storage for cyclists
- Local champion golf (Green hotel and golf)
- Open and spacious for dog friendly
- Loch Leven boat to the castle for visitors throughout the summer
- Increase marketing/advertising
- Create a dedicated website for online ordering
- Leaflet drops within the community
- Outside Catering
- Extend operating hours
We are advised that the business has 2 part-time staff members and 6 weekend staff members (Used more during the week during school holidays).
The current trading hours are -
Monday – Closed
Tuesday to Saturday – 9am – 4pm
Sunday – 10am – 4pm
Reminisce Coffee Shop is on High Street, in the town centre of Kinross.
The business has eye catching signage, receiving good levels of footfall and passing trade.
Single fronted premises with the main entrance leading to the seating area and service counter. Kitchen facilities to the back of the unit. Additonal seating area on the first floor.
Tenure
We are advised that the business is being sold on a Freehold basis.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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