Emma’s Coffee Lounge, a cafe and restaurant in Scarborough, North Yorkshire, has been brought to the market for the first time in 27 years through specialist business property adviser, Christie & Co.
Decorated in a contemporary style, with seating for over 100 covers, the property also benefits from two apartments which are currently leased out, providing extra valuable income.
Established 40 years ago, Emma’s Coffee Lounge is one of the longest running cafes in Scarborough town centre, and the sale marks only the second time Emma’s has ever been brought to the market.
Ideally positioned in Scarborough town centre on Huntriss Row, the town’s main pedestrian street, the cafe is situated amongst both independent and corporate food and shopping outlets. Huntriss Row is known as the walking gateway into Scarborough town centre from all the major hotels and benefits from strong footfall. Three major ongoing developments on Huntriss Row, including a Premier Inn, are set to increase trade throughout the area. The cafe presents significant opportunity to rebrand and modernise the menu and increase trade by extending the opening hours.
Current owners, Michael and Sophia Mort have decided to retire, and said: “Emma’s has provided us with some fantastic times over the years, it will be very emotional to see it move on, but we believe the time is right for new owners to take advantage of its huge potential.
“Thirty years ago, we entrusted the sale of our first business, an award-winning pub and restaurant, to Christie & Co, market leaders and professional agents for the catering industry, and we had no hesitation in turning to them for our retirement sale.”
Matthew Hendry, business agent at Christie & Co who is handling the sale, said: “Emma’s Coffee Lounge provides an exceptionally rare opportunity to purchase a freehold building along the ever popular Huntriss Row. We expect the opportunity will generate a significant amount of interest from both branded and unbranded buyers.”
Christie & Co is seeking £500,000 for the freehold interest of Emma’s Coffee Lounge.