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Restaurant/cafe for sale

£29,995

10A Church Street, Seaham SR7

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Property description

Business
Hilton Smythe is delighted to welcome to the market Coffee & Co.

The popular coffee shop/bistro is well known in the area to the local residents and visitors of Seaham. Coffee & Co was originally established over 30 years ago and then taken over by our client, who has now decided to return to live in Spain.

The coffee shop specialises in a home cooked menu and is most popular for breakfast and lunchtime specials. Coffee & Co was also granted an alcohol license in December 2017.

We feel there is scope to improve the coffee shop, possibly by extending opening hours into the evenings and offer a bistro style menu, along with utilising the new alcohol licence.

The coffee shop is very spacious and we feel the purchaser could take the business to the next level by offering outside catering for event's and other private occasions, as well as offering a delivery service to local residents and businesses.

Hilton Smythe highly recommend an early viewing of Coffee & Co to fully appreciate its potential.

Location
Coffee & Co is located in Seaham, County Durham.

Seaham is a lively harbour town boasting award winning hotels and B&b's, a huge selection of coffee shops and spectacular cliff top views. Coffee & Co is just a short walk from the harbour, benefiting from all year round trade.

The area boasts excellent car parking facilities, as well as great public transport links. Buses have regular routes into Sunderland, Barnwell and Parkside. The closest train station is just a short 5 minutes’ drive away.

Seaham, formerly Seaham Harbour, is a small town in County Durham, situated 6 miles south of Sunderland and 13 miles east of Durham. The A19 runs just outside of town and connects to Newcastle Upon Tyne and Middlesbrough.

Premises
Coffee & Co is located in Seaham, County Durham.

Seaham is a lively harbour town boasting award winning hotels and B&b's, a huge selection of coffee shops and spectacular cliff top views. Coffee & Co is just a short walk from the harbour, benefiting from all year round trade.

The area boasts excellent car parking facilities, as well as great public transport links. Buses have regular routes into Sunderland, Barnwell and Parkside. The closest train station is just a short 5 minutes’ drive away.

Seaham, formerly Seaham Harbour, is a small town in County Durham, situated 6 miles south of Sunderland and 13 miles east of Durham. The A19 runs just outside of town and connects to Newcastle Upon Tyne and Middlesbrough.

Tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 10 years.
Remaining lease length: Till March 2026.
Review period: Annual rent increase 5%
Rent: £6,552 per annum.

Business Rates - exempt

Landlord is flexible

Hours
The business opening hours:

Monday - Friday: 9.00am - 3.00pm
Saturday: 9.00am - 4.00pm
Sunday: 9.00am - 4.00pm (not all year)

Staff
The business is run and managed by our client, with the help of 1 staff member at 30 hours per week and 2 staff members at 16 hours per week, plus Saturday staff.

Financial Profile
As of the 2017 accounts the business generated a turnover of £74,000, with a gross profit of 69%.

What Zoopla users think of Seaham

Overall rating:

  • currently 3.5 stars
Good - 71% (37 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 3.5 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 3.5 stars
Transport & travel

Rate Seaham:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Seaham (0.3 miles)
  • Sunderland (5.1 miles)
  • Chester-le-Street (9.8 miles)
  • Newcastle Airport (20.0 miles)
  • Durham Tees Valley Airport (23.0 miles)
  • Leeds Bradford International Airport (68.4 miles)
  • Newcastle International Ferry Terminal (11.7 miles)
  • South Shields Ferry Terminal (11.9 miles)
  • North Shields Ferry Terminal (12.4 miles)

Nearby schools

View all schools in County Durham
  • Ropery Walk Primary School (0.2 miles)
  • Seaham Trinity Primary School (0.3 miles)
  • St Mary Magdalen's Roman Catholic Voluntary Aided Primary School, Seaham (0.4 miles)
  • Endeavour Academy Durham (5.1 miles)
  • Beacon of Light School (5.9 miles)
  • Durham Sixth Form Centre (10.3 miles)
  • Seaham High School (1.2 miles)
  • Venerable Bede Church of England Academy (3.4 miles)
  • Hope Wood Academy (3.7 miles)
Note: Distances are straight line measurements

Local info for County Durham

About the neighbours in SR7

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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