Central Bournemouth Restaurant (64+ Covers)

Details

Details
Cafe Thrive Bournemouth, opened in 2018 following the successful debut of Cafe Thrive in Southampton, comprises a.
64-70 cover eatery arranged over ground and first floors. The premises have a modern ambience in keeping with the Vegetarian theme and feature original wood floors with stylish green walls on both floors.

The premises occupies a prime trading location just off The Square within Richmond Hill opposite Wildwood and Starbucks and close to Slug & Lettuce.

The ground floor is currently configured to provide 14 seats at four tables together with six bar stools at the beatiful rough cut timber window bar. In addition there is an office area and beer cellar. The first floor comprises 44 seats at 15 generously.
Spaced tables plus a bar. Also, at first floor level is a large and comprehensively equipped commercial kitchen, office, male and female WC’s and, to the rear, good bin storage facilities.

The ground and first floors are linked via a feature, wide sweeping steel spiral staircase and the two floors are also serviced by a dumb waiter.

ACCOMMODATION.

The accommodation with approximate areas and dimensions is as follows:

Ground Floor.
Restaurant/Bar Area: 20 with six bar stools.
518 sq ft (48.14 sq m) with wash up area.
Wash area: 13 sq ft 1.20 sq m)
Beer Cellar: 84 sq ft (7.80 sq m)
Office Area: 19 sq ft (1.77 sq m)
First Floor.
Restaurant/Bar Area: 44 covers.
636 sq ft (59.10 sq m)
Spacious Commercial Kitchen: 267 sq ft (24.81 sq m)
Comprehensively equipped for the trade and featuring a good wash up facility.
Office: 25 sq ft (2.32 sq m)
Ladies WC: Fully tiled with two WC’s and two wash basins.
Gents WC: Fully tiled with urinal, WC and two wash basins.
Outside: bin storage space at rear.

THE BUSINESS.
Cafe Thrive Bournemouth specialises in Vegetarian food caters for those seeking anything from a quick takeaway meal or coffee to a full sit down dining experience or perhaps just a coffee at the window bar while watching the world go by. The business has been put up for sale due to family issues.

TRADING PERFORMANCE.
The business generates good weekly turnover figures. In the usual way, full details regarding the trading performance of the business can be provided to applicants at an appropriate stage in negotiations.

TRADING HOURS.

10.00am – 8:00pm Mon-Thur.
10:00am – 9.00pm Fri&Sat.
10:00am – 6.00pm Sun.
STAFFING.
We understand that four cooks each work approximately 35 hours per week in addition to which there are a number of full & part time waiting staff.
LEASE TERMS.
We understand that the premises are held on the residue of a 15-year lease commencing 20th October 2017 at a passing rent of £30,000 per annum, exclusive. The lease provides for rent review every five years.
PRICE.
Our clients seek a price of £50,000 (£25,000 down payment, £1,000 a month thereafter) for the benefit of the leasehold interest, goodwill, trade fixtures, fittings and equipment with the rights to trade as Cafe Thrive.
TENANT’S BREAK OPTION.
The lease incorporates an option for the tenant to determine the lease on the fifth anniversary (October 2022) subject to conditions.
RENT DEPOSIT.
The landlords hold a rent deposit of £15,000 VAT and the incoming tenants will need to lodge the same sum with the landlords upon completion of the transaction.

Listing Code pUZhBG-RlzQ
Business Tenure LeaseHold
Listing Type Seller
Click for Contact Details
Sidney Phillips
13/08/2019 Dorset