TWO of Newport's most popular town centre independent cafes are on the market.
Town Choice on Town Lane and The Blue Door in St James Square are both for sale with Hose Rhodes Dickson.
The opportunity with Town Choice is to purchase the well-known and respected trading café business, which includes a four-bedroom apartment over.
The cafe has approximately 90 covers and has recently been refurbished. A well-equipped commercial kitchen sits just off the café area and a modern conservatory offers approximately 18 covers and overlooks the garden.
To the rear is a walled garden offering approximately 24 covers.
The residential element is currently let to a third party.
The whole of the premises are held on a ten year lease from August 2016 at a current rental of £25,000 per annum for the remainder, which will be transferable to the new business owner.
The business has traded successfully for many years and has a good track record. The vendors have advised that the gross profit margin has always been plus 70 per cent during their time as owners.
The seller is asking £59,950 for the business, fixtures, fittings and goodwill plus stock at valuation.
The opportunity with The Blue Door is a licensed cafe offering 24 covers inside and 45 covers to the outdoor seating area with takeaway available.
The property has a serving area, kitchen, plus the cafe seating, a WC and store.
The business is currently traded to suit the owners six days a week, operating from 9am to 4pm in the winter months and 9am to 5pm in the summer months, but there is potential to expand and offer evening meals.
The sale also includes an outside catering business.
It is offered for sale with a ten-year lease from June, 2019. The annual rent payable is £11,000pa.
The Blue Door is available for £115,000 for the assignment of the lease, fixtures, fittings and goodwill plus stock at valuation.
Contact HRD Commercial here
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