Loft Cafe, High Street, St Peter Port, Guernsey, GY1 2JT
Property Details
- Good opportunity to purchase the lease of this popular restaurant
- Located in the heart of St Peter Port's High Street
- Price: £49,000 (Including Fixtures and Fittings and Delivery Van)
LOCATION
This popular establishment is located in a prime position on the High Street, above the exclusive All In Black boutique. The property enjoys superb views of the harbour and has established itself as a popular and well-known eaterie in the heart of town.
DESCRIPTION
From the High Street, the restaurant is accessed via the main staircase through the All In Black boutique. A second entrance from the quayside can be used all day long but also allows people to access the restaurant out of hours when the shop is shut.
With seating for 30 customers, the restaurant is currently open from 8.30am to 5.30pm six days per week as well as being available by arrangement on Friday and Saturday evenings for private functions. WC facilities are shared with the retail unit.
BUSINESS DETAILS
Opening hours: 8.30am to 5.30pm, Monday to Saturday.
Friday and Saturday evenings by prior arrangement for private functions
Staff The business currently employs three full-time staff in addition to the owner/manager.
Financial information The business generates an attractive net profit after payment of rent, wages etc.
Financial information can be made available by application. The business runs a successful outside catering arm and the sale of the business includes a refrigerated delivery van for this purpose.
TENURE
The property is held by way of a Full Repairing and Insuring lease to 6 February 2015. However, the Landlord may be willing to consider a lease extension for a new tenant, should this be desired, and subject to agreeing terms.
RENT
The passing rental is £20,000 per annum and is subject to three-yearly upward only Market Value rent reviews with the next review being due on 6 February 2013.
PRICE
The business, including stock and the afore-mentioned refrigerated van is being offered at £49,000.
AVAILABILITY
To be determined with the current owner who would also be willing to work with any prospective new owner for a handover period.
LEGAL COSTS
Each party to bear their own legal costs.