Description
BUSINESS FOR SALE: Boutique Cafe / Deli / Giftware- 36 covers
Premium: £40,000 - rent: £14,000 P.A
The Bournemouth suburb of Westbourne is located approximately 1.5 miles to the west of the town centre. Westbourne enjoys a vibrant retail scene with a broad range of quality independent retailers trading alongside numerous household names including Marks and Spencer (Simply Food), Pizza Express, Starbucks, Cafe Rouge, Boots, Tesco Express and Scrivens. Westbourne's shopping centre serves the affluent surrounding residential area which includes Branksome Park, Canford Cliffs and Sandbanks.
The subject premises occupy an excellent trading location in Westbourne's celebrated, Grade II listed Victorian Arcade, which links Poole Road and Seamoor Road and is home to an eclectic mixture of independent retailers and cafes/eateries.
These attractive double fronted premises are arranged over ground floor and cellar levels . The ground floor premises were extensively refurbished by our clients prior to them opening for business in April 2021.
The business comprises a cafe, deli and cakery and in addition offers a selection of locally produced / sourced products for sale, these comprising mainly non food items including cards, ceramics, jewellery, candles, toys and jigsaw puzzles, games, stationery and dried flowers etc.
Food products include ranges of jams and chutneys, tea and coffee etc.
The cafe offers breakfast and brunch, lunch and teatime menus specialising in homemade specialties including soups , cakes, pastries and tarts etc. The premises are well presented featuring electric panel radiators ceramic tile effect vinyl flooring, folding shopfront doors, a tall ceiling with inset spotlighting and additional ambient lighting, tall hardwood topped counter unit, built in shelved units and other items of painted furniture.
The cafe as currently configured is laid for 16 covers internally but would comfortably accommodate 20 covers. In addition a further 14-16 covers are provided outside in the Arcade. A customer WC is provided and a small covered ground floor yard area provides additional rough storage .
The premises are comprehensively equipped for the trade with the ground floor featuring a Beko freezer, Phoenix drinks chiller, Beko undercounter refrigerator, Conti CC 100 espresso machine, Compak coffee grinder, separate grinder for decaffeinated coffee, Salter panini maker, 4 slot toaster, cutlery unit, Bravilor hot water boiler, Quest double induction hob, JTC Omniblend V smoothie/juice maker, glass fronted refrigerated display unit, built in combination oven / microwave, built in single oven and grill, stainless steel hot plate, ,Bar Aid dishwasher, stainless steel single drainer sink unit and separate ceramic sink. in the cellar are a Hotpoint tall fridge, Whirlpool chest freezer, Bosch freezer, Zanussi freezer, Indesit freezer, various items of shelving and furniture .
A state of the art Goodwill EPOS iPad system is situated behind the counter.
Limited trading hours are operated at present giving the purchasers good potential to further grow the already respectable turnover.
TRADING HOURS
Monday to Saturday: 9.30am -XXXm
Sunday - Closed.
The business, which is offered for sale due to a change in our client's personal circumstances, is operated by a manager together with 5 part time staff.
Further details regarding the trading performance of the business can be made available to interested parties and an appropriate stage in negotiations.
IMPORTANT NOTE
OUR CLIENT'S STAFF ARE UNAWARE OF THE INTENDED SALE OF THE BUSINESS AND UNDER NO CIRCUMSTANCES MUST A DIRECT APPROACH BE MADE.
Accommodation
Ground Floor Caf�XXX/Shop - 750 sq. ft. (69.70 sq. m.)
Ground Floor Ancillary - 69 sq. ft. (6.41 sq. m.)
Cellar - 759 sq. ft. (70.54 sq. m.)
Total Internal Area - 1578 sq. ft. (146.65 sq. m.)
Planning
Interested parties are advised to make their own enquiries of the Local Authority for confirmation. Under the new planning regulations, we believe the current permitted use to be use class 'E' which includes uses such as retail, professional services, cafe', health clinics, indoor recreation/sport and office. All parties are advised to make their own enquiries of the local authority for confirmation.
EPC Text
Asset Rating - D (86)
Rating
Rateable Value £15,750
Source www.voa.org.uk The 2022/2023 small business multiplier is 0.499 (XXX payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation. *If you qualify as a 'small business' you may be eligible for substantial relief in connection with business rates payable. We advise all parties speak to the local authority in the first instance for confirmation.
Terms
The property is held by way of a 15 year lease from the 17th October 2020 at a passing rent of £14,000 per annum exclusive. Rent reviews at the 5th anniversary and then every 3 years thereafter.
A premium of £40,000 is sought for the leasehold interest, goodwill, trade fixtures fittings and equipment with stock (if required) to be purchased in addition at valuation.
Contact - Patrick Willis 01202 887 555 pwillis@primmeroldsbas.co.uk and amp; Ben Simpkin 01202 887 555
and amp; Dominic Street 012020 887 555 dstreet@primmeroldsbas.co.uk
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