Cafe for sale

Cross Street, Abergavenny, NP7

£749,995

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

LICENSED CAFÉ/RESTAURANT WITH ACCOMMODATION
Well established and highly regarded business
Situated in the town centre of Abergavenny
Early viewing is highly recommended
Ideal partnership opportunity
Advised weekly turnover of £6,500
Scope for further development
Free of tie alcohol license
Genuine reason for sale
FREEHOLD

Location

This highly popular café/restaurant is occupies a substantial 3 storey mid parade premises, ideally located in a prominent trading position on a busy high street in the heart of Abergavenny, Monmouthshire. The premises are surrounded by a variety of complementary shops and businesses and are close to the farmers market. The business enjoys a high footfall and receives much passing trade from the busy A40. There are excellent public transport links close by with numerous bus stops and the railway station is within easy walking distance. The business boasts easy access to the A-road network including the A40 and the A465. Abergavenny lies on the River Usk and is known as the 'Gateway to Wales' due to its location between the two mountains, Blorenge and Sugar Loaf and is an ideal base to visit the Brecon Beacons National Park. The M4 lies approximately 17 miles to the south and Cardiff is less than 30 miles away.


Business History

Meridian Business Sales are delighted to offer to the market this well appointed café/restaurant which was established by our clients in 1973. Our clients are reluctantly offering the business to the market due to their desire to concentrate on other business interests. Since our clients took ownership of the business they have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that weekly turnover currently runs at £6,500 with a gross profit margin of 66.5% which is derived from a popular hot & cold food menu, this could be significantly increased by taking advantage of the free of tie alcohol license and increasing opening hours. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.


Financial Profile
Turnover: £6,500pw
Gross profit: 66%
Stock approximately: £9,000

Tenure
We are advised freehold

Opening Hours
Monday: 8:00am - 7:00pm
Tuesday: 8:00am - 7:00pm
Wednesday: 8:00am - 7:00pm
Thursday: 8:00am - 7:00pm
Friday: 8:00am - 7:00pm
Saturday: 8:00am - 7:00pm
Sunday: 9:00am - 4:00pm

Accommodation

Well presented glass fronted property, briefly comprising of:

GROUND FLOOR

Open plan dining area for 60 covers

Serving counter

Chilled cake/dessert counter

Coffee/cappuccino machine

Fridges

Microwave

Serving / preparation area

Electronic cash register

Customer toilets

Fully fitted kitchen with extraction unit,

6 gas burner oven with grill, pan fryers, stainless steel preparation areas

Industrial microwaves, stainless steel fridge/freezers and sink/drainer etc.

Access to basement used as storage area.

FIRST FLOOR

Owners Accommodation

Lounge

Dining room

Bathroom

Fully fitted kitchen

SECOND FLOOR

3 double bedrooms


EXTERNAL

Dining area for 12 covers

Courtyard

Nearest station

  • Abergavenny (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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.

Street View

Nearest station

  • Abergavenny (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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.

Disclaimer - Property reference 2917. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Meridian Business Sales Ltd, Bolton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.