Leasehold Dessert & coffee Business for sale

We are offering for sale a fully fitted and operational dessert, gelato, and coffee business located within Eyre Square Center, Galway. The unit has been trading at this location for several years and is being sold as a going concern, complete with all equipment, fit-out, branding, and stock. The business is set up to serve gelato, crepes, waffles, milkshakes, desserts, and coffee, with a modern retail counter, gelato display units, refrigeration, beverage-preparation stations, and a seating area. Everything is in place for a new operator to begin trading immediately. One of the most significant aspects of this opportunity is the rent. The current passing rent is €32,000 per annum, which is well below what comparable units within Eyre Square Center are achieving, typically in the region of €50,000 or more. This rate is fixed until the next review in September 2029, meaning a new operator would have several years of considerably lower overheads than neighboring tenants. For anyone in the food and beverage sector, that difference in fixed costs matters. The lease was originally granted in December 2016 and has been extended for a further ten years from 1 September 2024, running through to 31 August 2034. There is a tenant break option at Year 5, and assignment is permitted subject to lease terms. No Deed of Renunciation has been signed, which means the incoming tenant may benefit from statutory renewal rights under the Landlord and Tenant (Amendment) Act 1980 beyond the current term. The unit is 93 square meters and benefits from strong daily footfall from shoppers, tourists, and city center workers. The business is being offered for sale. An asking price applies, available upon inquiry.