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Coffee Shop & 5 Bedroom House In New Romney For Sale

New Romney, Kent, UK
Asking Price:
£650,000 Furniture / Fixtures included
Sales Revenue:
Cash Flow:
£100K - £250K

The Coach House Coffee Shop is located in the heart of New Romney just off the historic high street which dates back to the thirteenth century. Once one of the original Cinque Ports, the picturesque town of New Romney is now found a mile and a half inland from the sea, yet near the scenic beaches of Littlestone and Greatstone. Transport links include regular bus services to towns such as Ashford, Folkestone and Hythe. High speed services to London via HS1 and to mainland Europe via Eurostar are less than thirty minutes away thanks to nearby Ashford International Station.

The extensive property includes a high-quality 5-bedroom house which has been extensively renovated and improved by the current owners since they purchased the property in 2007. Improvements include a garage conversion, new kitchen, bathroom, boiler and central heating system together with new wall insulation throughout. The bedrooms are generous in size with the smallest bedroom currently being used as an office and there is a very spacious lounge leading to an inviting south-facing balcony. The property also has the benefit of a pleasant rear garden for private use.

This thriving business is renowned in the local area and with many loyal and regular customers, it is one of the hubs of the local community. The popularity of the coffee shop is reflected in many positive online reviews; the business also holds a 5-star hygiene rating. There is a fairly straightforward food menu including sandwiches, baguettes & paninis, English breakfast, handmade pies, puddings and curries, baked potatoes, salads & ploughmans together with a selection of homemade specials. Of course, there is also a wide selection of beverages. Trading hours are: Monday to Saturday 8.00 AM – 5.00 PM and Sunday 9.00 AM – 3.00 PM.

We understand that this is not a seasonal business and takings remain steady throughout the year. Accounts for the year ended 30th June 2019 show Annual Coffee Shop Sales of £274,397 and a Gross Profit of £207,818. It is calculated that the business currently returns an adjusted Net Profit of £105,709. Despite the success and evident profitability of the business, there still seems to be plenty of potential for further development perhaps through sandwich delivery rounds, outside catering, extending the opening hours and/or encouraging use of the facilities for private functions and parties.

This is an excellent opportunity to acquire a substantial property in a desirable location with a successful and highly profitable business already in place. Purchasers can earn a substantial income from the coffee shop whilst enjoying the benefits of living in a very comfortable environment just a short distance from the coast. Such an appealing high-quality combination of business and residential accommodation is rarely available and, to fully appreciate this, a viewing is highly recommended.

Please note that viewing is strictly by prior appointment via the selling agents. For confidentiality, please do not directly contact the vendors or their staff.

Freehold £650,000. Ref: C34481Z

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