Cafe for sale

Cardiff, South Glamorgan, , CF24

£49,950

Property Description

Key features

  • Ref:B04110
  • Leasehold

Full description

Business
Hilton Smythe welcomes to the market this busy café and catering business, offering 33 covers in this popular location, priding itself in the sale of good quality freshly prepared food to eat in or take away.

Very close to the centre of the vibrant city of Cardiff, with heavy footfall from the local area including the ever-growing student population the business is turning over more than £120,000 per annum, with a healthy gross profit.

Net profits are lower, which is due to long term illness of the owners, who have to employ more staff than needed, to cover the café. With the wages lowered the profits would settle at a healthy level.

The business comes equipped with a 2013 Citroen dispatch van, which is used for the outside catering and delivery side of the business, where they have regular customers and orders covering all events from weddings to children’s parties, funerals and corporate events. This side of the business could really be ramped up and pushed forward to the next level, given enough time and effort for development. See their website at http://www.tastebudscardiff.co.uk/index.php

There is great scope for this business to move to the next level, with longer opening hours (license till 11 pm) incorporating themed evenings and private parties, together with use of the cellar as a further dining or function area. The premises offer a really good-sized kitchen and separate preparation area, allowing you to cater for a larger audience if needed.

A viewing is a must to appreciate the potential on offer.

Location
Taste buds is situated in a very busy, popular location, around a mile from the centre of Cardiff, with plenty of residential and student housing nearby.

Cardiff is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. The city is the country's chief commercial centre, the base for most national cultural and sporting institutions, the Welsh national media, and the seat of the National Assembly for Wales.

The current owners have run the business for the last 5years, being well established in the area. They are now looking to sell due to ill health.

Premises
These are easily managed but good-sized premises, covering approximately 103 sqm, with main cafe area, having tables and chairs for 33 covers, customers WC, serving counter and till, large well-equipped kitchen, preparation room, useful cellar offering many uses, presently used for storage. Rear yard with good sized storage room and outside WC.

The business is sold with an extensive range of good quality equipment, mostly less than 5 years old, to include, 2 drinks chillers, display chiller, cash register, coffee machine and grinder. Also included, slush machine, 2 soup kettles, 2 gantry’s, 1 x fridge/freezer, 1 x chest freezer, 3 upright fridges, 2 under counter fridges, blender, Bain marie, 2 x microwave, 2 door counter fridge, 3 door counter fridge, 5 stainless steel tables, 6 ring gas cooking range, flat grill with 2 draw fridge under, dual deep fat fryer, dishwasher, commercial toaster, commercial cooker hood, can opener and 63 plate Citroen dispatch sign written van.

There is also a range of equipment for outside catering to include, 55 platters, Urn, plates, dishes and much more.

Tenure
We are advised that the business is being sold as a leasehold opportunity, with a 15year lease, having 10 years remaining. The rent payable is £14,400 per annum.

Hours
Monday 8:00 a.m. to 4.00 p.m.
Tuesday 8:00 a.m. to 4.00 p.m.
Wednesday 8:00 a.m. to 4.00 p.m.
Thursday 8:00 a.m. to 4:00 p.m.
Friday 8.00 a.m. to 4:00 p.m.
Saturday 8.00 a.m. to 4:00 p.m.
Sunday 10:00 a.m. to 3:00 p.m.

They have a license to 11 pm so could also open in the evenings if required.

Staff
The business is currently run by the owner, 2 other full-time members of staff and 2-part time members of staff.

Financial Profile
The accounting information shows a turnover of £122,233 for the year to 31st March 2017 with a gross profit of £74,264.

According to the VOA website the current rateable value is £9,600, with rates payable of £1970 per annum.


Nearest stations

  • Cathays (0.4 mi)
  • Cardiff Queen Street (0.7 mi)
  • Cardiff Central (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Cathays (0.4 mi)
  • Cardiff Queen Street (0.7 mi)
  • Cardiff Central (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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