Business for sale - Halls
Business for sale
5 ROUSHILL, SHREWSBURY, SHROPSHIRE SY1 1PQ
A rare opportunity to acquire a profitable Town Centre cafe ■
An established, popular tearoom/cafe
■
Prominent town centre position, within the sought after town of Shrewsbury
■
A3 Cafe/Restaurant use
■
Potential for further growth
Price: Offers in the region of £35,000 plus SAV (exclusive) hallsgb.com
01743 450 700
Business for sale
5 ROUSHILL, SHREWSBURY, SHROPSHIRE SY1 1PQ
SUBSTANTIAL PROMINENTLY LOCATED CAFE/RETAIL UNIT A rare opportunity to acquire a profitable Town Centre cafe LOCATION
PLANNING
The property is situated fronting onto the busy corner of Roushill, Roushill Bank, Mardol and Ravens Meadow and just 20 metres across from the Roushill entrance to the Pride Hill shopping centre.
The existing use is within A3 (Restaurant) of the Town and Country Use Classes Order 1987.
RATEABLE VALUE
Shrewsbury is the County Town of Shropshire, with a borough population in excess of 90,000 people and an estimated retail catchment in excess of 250,000 people within a thirty minute drive time. In addition, Shrewsbury Tourism Economic Impact Assessment estimate that in excess of 2.5 million people visit the town annually with an estimated tourism spend in excess of £130,000,000.
We have made verbal enquiries to the Local Authority and have been advised as follows: Rateable value 2017/18: £12,000
DESCRIPTION
Interested parties should make their own enquiries to the Local Authority.
The property is arranged to provide an attractive tearoom and cafe arranged over the ground and upper floors. The property provides an open plan seating area for circa 40 covers on the first floor with a servery area and kitchen. The first floor comprises further seating, stores and customer toilets. The business regularly holds events for 50 people. The property is well fitted out, and has undergone extensive refurbishments works over the last year.
ACCOMMODATION
*Small business rates relief is currently in place and rates have been reduced to £0.
EPC EPC Rating - C66.
SERVICES
(All measurements are approximate)
Rates payable 2017/18: £5,592
(Not tested at the time of our inspection)
sq m
sq ft
Ground Floor
48.24
519
Water, electricity and drainage are understood to be connected to the property.
First Floor
43.54
469
VAT
Total
91.78 988
FIXTURES AND FITTINGS Items usually classed as tenants fixtures and fittings including restaurant furniture, base fittings, decorations and pictures, cooking and kitchen equipment, coffee machine, boiler, server, floor coverings, CCTV, etc, are included in the sale. Wet and dry stock to be purchased separately at valuation.
BUSINESS The business is reluctantly offered for sale by the vendors due to other existing business commitments. The business was established by the vendors approximately a year ago and has established an enviable reputation selling coffees, snacks and pastries. There is considerable potential to enhance the business via longer opening hours and making further use of the alcohol license.
It is understood that the sale of the business is elected for Vat.
LOCAL AUTHORITY Shropshire Council, Shirehall, Abbey Foregate, Shrewsbury SY2 6ND
LEGAL COSTS The purchaser is to cover the vendors legal costs in respect of the sale of the business. The incoming purchaser is to be responsible for the landlord’s costs in approving any assignment of the lease.
FINANCIAL ACT 1989 All figures are quoted exclusive of Vat. Any intending purchasers should satisfy themselves independently as to Vat in respect of any transaction.
VIEWING Strictly by prior arrangement via the Sole Agents.
The business is run by the proprietor and a handful of part time staff. The business boasts a five star hygiene rating. The current Turnover is approximately £70,000. Financial information is available to genuinely interested parties upon request.
TENURE The property is subject to a Tenant’s full repairing and insuring lease from 2016. The rent is £8,000 per annum in year one, £9,000 per annum in year two, £9,500 per annum in year three and a rent review thereafter.
01743 450 700 James Evans E: [email protected] Huw Bevan E: [email protected]
hallsgb.com
01743 450 700
Business for sale
5 ROUSHILL, SHREWSBURY, SHROPSHIRE SY1 1PQ
James Evans
E: [email protected]
Huw Bevan
E: [email protected]
01743 450 700 IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent they are, given notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not constitute part of an offer or contract. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or
hallsgb.com
her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority.
01743 450 700
5 ROUSHILL, SHREWSBURY, SHROPSHIRE SY1 1PQ
A rare opportunity to acquire a profitable Town Centre cafe ■
An established, popular tearoom/cafe
■
Prominent town centre position, within the sought after town of Shrewsbury
■
A3 Cafe/Restaurant use
■
Potential for further growth
Price: Offers in the region of £35,000 plus SAV (exclusive) hallsgb.com
01743 450 700
Business for sale
5 ROUSHILL, SHREWSBURY, SHROPSHIRE SY1 1PQ
SUBSTANTIAL PROMINENTLY LOCATED CAFE/RETAIL UNIT A rare opportunity to acquire a profitable Town Centre cafe LOCATION
PLANNING
The property is situated fronting onto the busy corner of Roushill, Roushill Bank, Mardol and Ravens Meadow and just 20 metres across from the Roushill entrance to the Pride Hill shopping centre.
The existing use is within A3 (Restaurant) of the Town and Country Use Classes Order 1987.
RATEABLE VALUE
Shrewsbury is the County Town of Shropshire, with a borough population in excess of 90,000 people and an estimated retail catchment in excess of 250,000 people within a thirty minute drive time. In addition, Shrewsbury Tourism Economic Impact Assessment estimate that in excess of 2.5 million people visit the town annually with an estimated tourism spend in excess of £130,000,000.
We have made verbal enquiries to the Local Authority and have been advised as follows: Rateable value 2017/18: £12,000
DESCRIPTION
Interested parties should make their own enquiries to the Local Authority.
The property is arranged to provide an attractive tearoom and cafe arranged over the ground and upper floors. The property provides an open plan seating area for circa 40 covers on the first floor with a servery area and kitchen. The first floor comprises further seating, stores and customer toilets. The business regularly holds events for 50 people. The property is well fitted out, and has undergone extensive refurbishments works over the last year.
ACCOMMODATION
*Small business rates relief is currently in place and rates have been reduced to £0.
EPC EPC Rating - C66.
SERVICES
(All measurements are approximate)
Rates payable 2017/18: £5,592
(Not tested at the time of our inspection)
sq m
sq ft
Ground Floor
48.24
519
Water, electricity and drainage are understood to be connected to the property.
First Floor
43.54
469
VAT
Total
91.78 988
FIXTURES AND FITTINGS Items usually classed as tenants fixtures and fittings including restaurant furniture, base fittings, decorations and pictures, cooking and kitchen equipment, coffee machine, boiler, server, floor coverings, CCTV, etc, are included in the sale. Wet and dry stock to be purchased separately at valuation.
BUSINESS The business is reluctantly offered for sale by the vendors due to other existing business commitments. The business was established by the vendors approximately a year ago and has established an enviable reputation selling coffees, snacks and pastries. There is considerable potential to enhance the business via longer opening hours and making further use of the alcohol license.
It is understood that the sale of the business is elected for Vat.
LOCAL AUTHORITY Shropshire Council, Shirehall, Abbey Foregate, Shrewsbury SY2 6ND
LEGAL COSTS The purchaser is to cover the vendors legal costs in respect of the sale of the business. The incoming purchaser is to be responsible for the landlord’s costs in approving any assignment of the lease.
FINANCIAL ACT 1989 All figures are quoted exclusive of Vat. Any intending purchasers should satisfy themselves independently as to Vat in respect of any transaction.
VIEWING Strictly by prior arrangement via the Sole Agents.
The business is run by the proprietor and a handful of part time staff. The business boasts a five star hygiene rating. The current Turnover is approximately £70,000. Financial information is available to genuinely interested parties upon request.
TENURE The property is subject to a Tenant’s full repairing and insuring lease from 2016. The rent is £8,000 per annum in year one, £9,000 per annum in year two, £9,500 per annum in year three and a rent review thereafter.
01743 450 700 James Evans E: [email protected] Huw Bevan E: [email protected]
hallsgb.com
01743 450 700
Business for sale
5 ROUSHILL, SHREWSBURY, SHROPSHIRE SY1 1PQ
James Evans
E: [email protected]
Huw Bevan
E: [email protected]
01743 450 700 IMPORTANT NOTICE Halls have advised their clients on the Code of Practice for Commercial Leases in England and Wales. Halls, for themselves and for the vendor of this property, or as the case may be, lessor whose agent they are, given notice that: i) These particulars are intended for guidance only. They are prepared and issued in good faith and are intended to give a fair description but do not constitute part of an offer or contract. Any information given should not be relied on as a statement or representation of fact or that the property or its services are in good condition. ii) Halls have not made any investigations into the existence or otherwise of any issues concerning pollution and potential land, air and water contamination. The purchaser is responsible for making his or
hallsgb.com
her own enquiries in this regard. iii) Neither Halls nor any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property. iv) The images show only certain parts and aspects of the property at the time they were taken/created. Any areas, measurements or distances given are approximate only. Any plans are for identification purposes only. v) Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. An intending purchaser must verify these matters. An occupier should not rely upon the Use stated in these particulars and should check their proposed use with the relevant Planning Authority.
01743 450 700
