Restaurant/cafe for sale in High Street, Moreton-In-Marsh GL56, £89,950

89,950.00

Offer Nr.:
64842472
Type of ad:
for Sale
Property type:
Restaurant/cafe
Contact name:
Veritas Business Sales Ltd
Phone(s):
0121 721 9902

* Leasehold
* Licensed Coffee Shop
* Accommodation Above
* Air BnB Income
* High Street Location
Leasehold Independent Coffee Shop (Licensed) Located In Moreton In Marsh
Trip Advisor Rating 4. 5 & Facebook Rating 5 Star
Accommodation Above
Ref 2883
Location
This delightful Coffee Shop is located in the highly desirable Cotswold
tourist hotspot of Moreton in Marsh, Gloucestershire. An area of Outstanding
Natural Beauty, the town stands at the crossroads of the Fosse Way Roman road
and the A44. Located at the head of the beautiful Evenlode Valley, Moreton in
Marsh is a thriving market town with excellent public transport links
including a direct link to London by rail. The town dates back over 1000 years
to the Saxon era.
Asking Price £89, 950 plus sav (£1500)
Leasehold
Term : 15 years
Remaining: 4 years
Rent: £14, 000 pa
Business Rates: Zero
Business Description
Veritas Business sales are privileged to offer to the market this quaint
Coffee Shop which is located in Moreton In Marsh. The business was established
by our clients back in 2016 and is now being offered for sale so that they can
enjoy a well deserved retirement.
The property dates back to circa 1650, is grade II listed and since ownership
there has been significant investment in the upkeep of the premises to include
re - wiring, new signage and the installation of new equipment along with
fixtures and fittings which are all bought and paid for and included within
the sale price which is a huge plus for a new owner as additional funds will
not need to be spent for some time. Marthas Coffee House is owner operated and
employs the help of 1 full time & 3 part time members of staff along with 3
weekend workers and posted an annual turnover for year ending 31st March 2022
of £165, 381net of vat with a gp of £104, 392 (63%). The menu offers artisan
coffee, teas, hot chocolate, milkshakes, soft drinks, All Day Breakfasts,
Daily Specials, freshly cut sandwiches, toasties, salads, homemade soups,
freshly baked cakes and savoury and traditional scones. All food is freshly
prepared to order on site, using only the finest locally sourced produce.
We believe that there is further potential to increase revenue should you
wish, by extending the current opening times and opening evenings as a bistro
(planning permission already acquired). The business already enjoys a strong
reputation within the local community and beyond and as such has a high level
of regular and repeat trade along with many new tourists and was runner up in
Cotswold's Life's ‘Best Café' Competition and has a review in Lonely Planet.
This is a superb opportunity to purchase a turnkey business which is a great
base to build upon and as such early viewing is highly recommended as this gem
is not to be missed.
Opening Hours
Monday - Wednesday - 9. 00am - 4. 00pm
Thursday - closed
Friday - Sunday - 9. 00am - 4. 00pm
Ground Floor
Restaurant comprising: Tables & chairs to cover (18), feature fireplace with
electric fire, understairs storage cupboard, wall mounted storage shelves,
sales counter with epos till system, cake display containers, espresso coffee
machine (La MarZocco), coffee grinder (Anfim), under counter fridge,
undercounter drinks fridge, upright cold drinks fridge, stainless steel table
with pass, saladette with marble worktop and 2 door undercounter fridge, wall
mounted metal shelves, panini press (Lincat), 5 ring electric hob/oven
(Licat), ceiling mounted storage racks, toaster, mixer, microwave (Samsung),
wall mounted cupboards, dishwasher (jla), stainless steel wash basin,
stainless steel sink with hot water heater (Redring) and various crockery &
tea pots.
Hallway with stairs leading to the first floor accommodation.
First floor
Double bedroom with feature fireplace, TV and tea & coffee making facilities.
Bathroom with Shower cubicle, W/C, wash basin and electric water heater.
Second Floor
Storeroom with 2 metal storage units, 2 upright fridges, upright freezer and 2
chest freezers.
The accommodation benefits from electric storage heating and is let on Air BnB
basis which generates an additional income of circa £12, 000 pa. Alternatively
owner operators have the option to live on site.
External
Rear courtyard with seating for (18)
Gents W/C
Ladies W/C
Wash basin to service both toilets
EPC Rating E

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