Licensed Coffee Lounge Restaurant in Newport For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, NEWPORT, South Wales

Turnover £ 1,500
Price £55,000

Features

Licensed Coffee Lounge Restaurant with Late Night Licence (130am)

5 DAYS OPENING (EASY HOURS)
FORCOURT WITH SEATING FOR 20 PEOPLE
4 STAR HYGIENE RATING
LATE NIGHT LICENCE (1.30am)

DOUBLE FRONTED PREMISES with BiFOld Windows, laminated strip floor, hanging lights & Spot Lights, sales counter, card machine, Tables and chairs providing seating for 40 People..

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 6-burner), charcoal grill, salamander grill, deep fryer (2 pan), stainless steel Double door fridge, dishwasher

Refrigerated section, 2 microwave, Freezer, double sink and drainer, stainless steel Shelving.

Large Toilet with (Disabled access) with w.c. and wash hand basin.

Basement (not currently utilised).

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. with a Gross profit of 65% approx. (NO PORTALS)

Staff

The business is at present operated by the Husband & Wife team

Trading Hours

5 Day week
TUESDAY - THURSDAY & SATURDAY 11am - 5pm
FRIDAY 11am - 8pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £12,000 p.a. + VAT In addition we understand there is a Service charge of £1,200 p.a. approx.

Business Rates from April 2026 £2,940 approx.- under appeal(Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE NOVEMBER 2018, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote