Cafe And Coffee Shop For Sale in 0 Wales

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Branded Licensed Coffee Shop In Prime High Street Retail Location

Location:Wales

Category:Cafe and Coffee Shop

Asking Price:£120,000

  • Sales revenue : £242,000
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Branded Licensed Coffee Shop In Prime High Street Retail Location

Business description

Branded Licensed Coffee Shop in prime high street retail location

Ref.AC349

Location Aberystwyth, Cardigan Bay, Wales

Asking Price £ 120,000

This is an outstanding opportunity to acquire a superb café bar ideally located within the bustling university town of Aberystwyth.

This sit down high class café bar business offers excellent coffee and other drinks (including alcohol), pastries, tempting cakes, lunchtime snacks and has seating for 60 people. A certain element of takeaway drinks is also provided. The lunchtime food offering consists of a varied menu and also has stables of paninis, ploughman’s, soup, ciabattas and flatbreads.

The café is fitted out to a very high standard and has a pleasant and ambient atmosphere. A kitchen is located to the side along with a separate dishwasher area.

The profile of trading is more constant throughout the day. Saturday is the best day of the week.

The business operates a full EPOS system with a linked loyalty card offering with discounts available to repeat customers.

Other Information

  • Competition: The business undertakes very occasional advertising within the local paper. It also utilises loyalty cards but would benefit from a more targeted marketing plan, better poster displays, addressing all media activities, including leaflet drops and local radio. It also has its own informative website.
  • Expansion: To date the business has focussed on developing the local trade as it is situated close to many large employers, some of them professional services firms. The opening hours are 08:00 am through to 6pm, Mon to Fri and 08:30am to 5pm Saturdays. The owners have not made full use of the licensed facility and opening longer hours and offering a night time eating experience would greatly enhance the turnover. Rapid growth could also be achieved by using the brand concept and style already established by opening new stores in new locations. Similarly, using this brand concept and style for potential franchising would lead to a rapid increase in earnings potential to a new owner. Being located in close proximity to many shops, offices and other commerical centres, the business benefits from trade throughout the day. During the summer months, when tourism is at its peak, there is further business as the café is ideally positioned within the town centre.
  • Employees: The site is currently run by the owner on a part time basis. By their own admission the business would benefit from a much more hands on approach. In addition to this the business employs the following personnel. 4 full time and up to 12 part time.
  • Trading Hours: 8am to 6pm Mon to Fri. 8.30am to 5.30pm Saturday
  • Support Training: A full period of training, handover and familiarisation will be provided to ensure a smooth transition to new ownership.
  • Reason For Selling: The owners are looking to move abroad in the next two years so deem this the right time to sell.
  • Lease Terms: The premises are leasehold with 5.5 years remaining. Rent is £26,000 p.a. Rates £9,000 p.a. The property is double fronted and is positioned on one of the main streets leading on to the High Street. It has a ground floor seating with a step to a large rear atrium lit seating area. The bar and display area is to the front with customer (including disabled) toilets at rear and side along with the kitchen. In addition it has a large dry cellar area with ample storage space.
Turner Butler
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