Cafe for sale

Cardiff, South Glamorgan, , CF10

£49,000

Property Description

Key features

  • Ref:B04524
  • Leasehold

Full description

Business
Hilton Smythe welcomes to the market this very busy Coffee shop, offering 39 covers inside and out, originally set up as a pop-up company and then due to demand for its quality coffee, moving to permanent premises just under 1 year ago in this prestigious position in the centre of Cardiff.

The shop is known for its Speciality coffee, sourced from roasters around the UK, as well as offering light bites such as:

• Sandwiches
• Toast and Bagels
• Granola
• Cakes

On Thursday, Friday and Saturday offering a brunch menu to include such things as Salmon, scrambled eggs, pancakes and bagels.

The business can be found on Facebook, tripadvisor, Instagram and Twitter, and already has great reviews. They were also finalists for the Cardiff Life Awards for 'Best Coffee Shop' category.

The business is already very busy and is projected to have a healthy turnover of circa £150,000 for its first year, however there is certainly plenty of scope to take this business to the next level as it matures, with more focus on food, more advertising and social media, including a website and different promotional events.

An internal inspection is very highly recommended to appreciate the busy location and massive potential on offer.

Location
Corner Coffee is situated in the centre of Cardiff, close to both the Castle and principality stadium, very much in the heart of the thriving commercial district.

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 unitary authority area's mid-2011 population was estimated to be 346,100, while the population of the Larger Urban Zone was estimated at 861,400 in 2009.

Cardiff is also a significant tourist centre and the most popular visitor destination in Wales with 18.3 million visitors in 2010. In 2011, Cardiff was ranked sixth in the world in National Geographic's alternative tourist destinations.

All of this adds to Cardiff being a very desirable location, with commercial property being in much demand.

The current owner has run the business since August 2017, but now due to a change in circumstances, is looking to relocate back to his home County.

Premises
These are easily managed premises covering approximately 58 sqm, with on the ground floor, main café area having tables and chairs and bar seating for 27 covers, outside arcade seating for up to 12 covers, serving counter and till.

Then on the lower ground floor you have a customer WC, large commercial kitchen and large office/store room.

We have a range of good quality equipment offered within the sale to Include:

• Convection oven
• Large fridge
• Medium fridge
• Large chest freezer
• Dishwasher
• Induction hob
• Twin buffalo grill
• iPad
• Izettle till system
• Bluetooth stereo
• Triple fridge for drinks and milk
• Single freezer
• Mahlkong twin grinder
• Faema E71 3 group espresso machine
• Mahlkong EK grinder
• Marco water boiler
• Aciaia scales
• Brewista scales
• Tiamo scales
• Jugs
• Tamper

This great speciality coffee shop offers great potential for the future and must be viewed, to be appreciated.

Tenure
We are advised that the business is being sold as a Leasehold opportunity, with a 6-year Lease, which has 5 years left to run.

The rent payable is £25,000 per annum + VAT and service charge.

Hours
Monday to Saturday - 8.00 am to 6.00 pm
Sunday – 10.00 am to 5.00 pm

Staff
The business is currently run by the owner, 1 other full-time member of staff and 3 part time members of staff.

Financial Profile
The coffee shop is on target to turn over circa £150,000 for its first full trading year.

We believe the weekly takings are increasing as the shop become better known, so the business offers tremendous potential for the future.

According to the VOA website the current rateable value is £13,500 with rates payable of around £8,000 per annum.


Nearest stations

  • Cardiff Central (0.4 mi)
  • Cardiff Queen Street (0.4 mi)
  • Cathays (0.6 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

  • Cardiff Central (0.4 mi)
  • Cardiff Queen Street (0.4 mi)
  • Cathays (0.6 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.

Disclaimer - Property reference B04524. 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 Hilton Smythe, 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.

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