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UNDER OFFER

Loretta Coffee Bar, 3 High Street, Emsworth, Hampshire, PO10 7AB

Guide Price
£80,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Cafe for sale

Key features

  • ANP Y/E 31/10/21: £62.034
  • Well presented interior with 22 covers
  • Low rent
  • Additional income from retail sales
  • Superb lifestyle business
  • Energy Rating E
  • Christie & Co Ref: 3818261

Description

Description

This charming coffee shop occupies the ground floor retail unit of an elegant period building on the main High Street.

The store is largely laid out as a cosy café with 18 internal covers and external seating for four. The café also offers a range of retail products including a wide selection of greeting cards, newspapers and a diverse selection of Italian food and beverages. There is a large paper round with c500 accounts.

The store has a large loyal customer base as well as benefiting from tourist trade.

Location

The coffee bar is located in the charming coastal town of Emsworth, close to the border between Hampshire and West Sussex. It is a popular tourist destination and is roughly equidistant between the larger cities of Portsmouth (nine miles) and Chichester (10 miles). The store is located on the High Street and is well placed to benefit from the high level of passing trade.

Internal Details

The gross internal area of the premises is 75.55 sq m. The store is well presented and offers a cosy welcoming environment for customers.

The rear of the premises is fitted out for the sale of greeting cards. In addition, there is a large office which could be repurposed to increase the trading area, as well as a toilet and kitchenette.

Fixtures & Fittings

The fixtures and fittings are owned outright and will be included in the sale.

The Opportunity

Highly profitable business with considerable scope to increase trade by broadening the range of food and beverages offered.
Long established coffee shop in a highly visible High Street location.
Potential to increase weekend trading hours.
5 Star Google reviews.
A5 business use.

Trading Information

Accounts YE 31/10/21
Turnover £412,816
Gross Profit £148,192
Adjusted Net Profit £62,034

Trading Hours

Monday till Sunday 9am to 4pm

Business Rates

The business currently benefits from 100% business rates relief.

Energy Performance Certificates

EPC 1

Brochures

Loretta Coffee Bar, 3 High Street, Emsworth, Hampshire, PO10 7AB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Emsworth Station0.3 miles
  • Southbourne Station1.3 miles
  • Warblington Station1.4 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 3818261-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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