Well Presented Coffee Shop in Ideal Location
- Asking Price: £32,000 +SAV
We are advised the business is currently turning over in the region of £1,500 per week trading limited hours.
There are currently no rates payable
- Tenure: Leasehold
Hilton Smythe welcomes to the market Coffee by the Arch in Lincoln City.
This much sought-after business has just been taken over by the current owners and which due to family commitments this very rare and exciting opportunity has now become available.
The business has been trading historically for several years and has recently undergone a major refurbishment and has been fitted out to a very high standard with all the facilities new and 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 17 internal and 8 or so external covers which the local authority has agreed can be extended further after the initial 12-month trading period has elapsed.
The site currently serves a range of coffee, tea, toasted tea-cakes, pastries 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 and obtaining a licence to serve alcohol to take advantage of the location and outside seating to the front and the quality of the clientele visiting the nearby shops and businesses.
By 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.
The business is being managed by the current vendor with the assistance of 1 x full time and 2 x part time staff.
Monday to Friday 8.30am to 4.00pm
Saturday 10.00am to 4.00pm
Situated on Newport Street in Upper Lincoln, the site is just a stone’s throw from Lincoln Castle with the entry arch to the old town just visible from the front of the premises.
The site is easily accessible on foot and by all modes of transport and is arguably the best trading location in Upper Lincoln.
The site benefits from plenty of passing footfall and ample pay and display parking close by
Completely refurbished ground floor trading space in a much sought-after trading location.
Front entrance through to service counter with integral food display servery, with:
- High specification coffee machine
- Polar refrigeration units
- Food preparation counter
- Stainless storage facilities
- All tables, chairs, stools and seating.
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £7,700 per annum with just under 3 years remaining on the current lease.