46, Regent Street
Shanklin
Isle Of Wight
PO37 7AA
26 High Street, Sandown
£150,000
Commercial
- ESTABLISHED CAFE BUSINESS
- GOOD LOCATION
- AVAILABLE TO PURCHASE OR LEASE
An opportunity to purchase an established cafe business or if preferred, by lease.
The current owners have been trading since approximately 2014 but have now decided to retire. By their own admission the business has lots of potential to increase turnover as they currently choose to open five days a week until mid afternoon. We understand there is a good all the year round local trade and of course during the summer season there is additional tourist trade.
The premises are well located towards the top end of the High Street and nearby there is a Sainsburys local store and a Boots pharmacy meaning there is a good amount of footfall. Additionally the beach and Esplanade are also relatively close by.
The business will come fully equipped and currently caters for approximately 30 covers and the following items will be included: Tables, Chairs, Tills, Displays,Fridges, Freezers, Combi Microwave, Barista Machine, Coffee Grinders, Induction Hobs, 4x 1800 Watt Microwaves, Glass Chiller, Crockery and Cutlery.
RECESS ENTRANCE
6.05m max x 5.77m (19'10 max x 18'11)with front door opening to cafe area.
Step up to
SERVERY AREA
aprox 2.97m x 4.09m max (aprox 9'9 x 13'5 max)Leading to
WASHING UP AREA
with sink and dishwasher. Store cupboard. Door off to further store area which in turn leads to
CLOAKROOM
with WC and corner hand basin.
MAIN KITCHEN AREA
5.77m x2.24m exc of recess (18'11 x7'4 exc of receleading to further store 3'2 x 12'11 exc of bay window
SERVICES
Mains Electricity, Water and Drainage.
BUSINESS RATES
Rateable value £8,700. Amount payable in the pound. 0.499 = £4341.30
TENURE
Freehold (to be confirmed)
To purchase: £150,000 including all relevant equipment (inventory will be supplied).
To lease: The premises and business would be offered on a new 7 year lease with a 3 year break clause with rent reviews and options to renew the lease included. Please note the equipment will be included in the lease on a non- purchase basis. An incoming premium of £30,000 will be required with a monthly rent of £700 per calendar month.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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