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The Good Life Restaurant, 73B & C, Wyle Cop, Shrewsbury, SY1 1XA

For sale: POA|665 Sq Ft|General Retail, Leisure Property, Restaurant/Cafes, Retail, Licensed & Leisure

PROPERTY DETAILS

FOR SALEPOA
SIZE665 Sq Ft
ADDRESSThe Good Life Restaurant, 73B & C Wyle Cop, Shrewsbury, SY1 1XA
TYPEGeneral Retail, Leisure Property, Restaurant/Cafes, Retail, Licensed & Leisure
TENUREFor Sale Leasehold
POSTED ON16th October 2019

DESCRIPTION

BUSINESS FOR SALE
A rare opportunity to acquire a long established and well renowned wholefood café/restaurant
Excellent net profit
For sale as a fully operational going concern
There is an existing lease in place with expiry in June 2023. The passing rent is £11,575 per annum.
Sales Area: 61.81 sq m (665 sq ft) plus storage

LOCATION

The Good Life Restaurant forms part of an historical building within Barracks Passage which is access from the top of Wyle Cop. Wyle Cop serves as a main tourist route to the town centre. The neighbouring occupiers include Henry Tudor House, Casa Naranjo Tapas restaurant with other occupiers on Wyle Cop including The Lion Hotel, Tanners Wine Merchants, Juliet Chilton Flowers & Interiors, The County Sleep Shop, and a variety of other local specialist traders. The NCP Wyle Cop and St Julian’s Friars Car Parks are also located within close proximity of the property.

Shrewsbury is the county town of Shropshire and established tourist and market town, it has a borough population of about 90,000 and a substantial catchment extending into Mid Wales and beyond.

DESCRIPTION

The restaurant trades form an historic two storey retail accommodation providing a café and counter area at ground floor and café restaurant area on first floor as well as storage space at cellar level. There are male and female toilets within the accommodation. The quality of the premises can only be appreciated after undertaking an inspection of the business.

BUSINESS DETAILS

(Detailed accounts on request to genuinely interested parties, disclosure agreements may apply).
The existing proprietor has owned the business for 14 years as a sole trader, although the Good Life café/restaurant has been trading for around 40 years. Turnover for the past 3 years has averaged £173,000, with strong net profits. The business has grown successfully and the cafe has consistently been considered Shrewsbury’s best café/restaurant specialising in vegetarian and vegan foods.

Normal opening hours are 8.45am – 4pm Monday to Saturday. There is currently one full time member of staff and three part time, while the business owner does not work in the establishment they do oversee the business in a management role. The business has a five star food hygiene rating and is fully licensed to serve alcohol. There is an existing lease in place with expiry in June 2023. The passing rent is £11,575 per annum. The business is only reluctantly offered for sale as the proprietor has relocated away from the area.

LOCATION

Location: The Good Life Restaurant, 73B & C Wyle Cop, Shrewsbury, SY1 1XA

Shrewsbury (0.4 miles)

Yorton (7.1 miles)

Wellington (Shropshire) (9.8 miles)

AGENT'S DETAILS

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