The new owner is planning to refurbish the Coffee Lounge by the end of the season
The leasehold of the Coffee Lounge in Bell Close, Keswick, has been sold from an asking price of £79,950 after being marketed by commercial property specialist Colliers.
The 60-cover café is a family-owned coffee shop, located in the centre of Lake District town of Keswick-on-Derwentwater, a magnet for walkers and tourists alike. The popular daytime business seats 30 inside and a further 30 covers outside for al fresco dining. The establishment is renowned for providing meals with only the best ingredients provided by local suppliers in a relaxed and comfortable environment.
The café was sold by Peter Powell who is retiring from the hospitality industry to pursue an alternative career. He bought the property in 2015 and steadily improved and upgraded the establishment maintaining its excellent reputation with visitors and particularly locals.
The business has now been acquired by local entrepreneur Debbie Burrows, who also operates Lake Road Inn in the town.
Debbie said: “I am excited to get stuck into this next chapter as the new owner at The Coffee Lounge. I have lots of great ideas and I’m currently planning a refurbishment to happen by the end of the season. This is a wonderful addition to my growing portfolio in the Lake District and I am really looking forward to welcoming you all in when we open for business.”
Keswick stands between Derwentwater and Bassenthwaite Lake and is surrounded by a picturesque backdrop of Lakeland fells. The history of the area dates to Neolithic times, witnessed by the existence of nearby Castlerigg Stone Circle, which is believed to pre-date Stonehenge. Keswick's long tourist season is complimented by its many festivals and gatherings including the three-week Religious Convention, Jazz and Films Festivals, Words on The Water as well as the Beer Festival and Mountain Festivals, making Keswick a must visit place at the heart of the Lake District National Park.
Commenting on the sale, Haydn Spedding of Colliers’ Manchester office said “The Coffee Lounge is situated perfectly in a busy tourist town, which gains a good level of trade throughout the year. This is one of many hospitality-based businesses we have sold recently, Cumbria and The Lake District is proving to be a very popular choice for investors. The pattern of trade has broadly followed despite the challenges of the pandemic and Brexit, therefore we are expecting the steady flow of buyers to continue.”