Restaurant for sale

Caffe Gusto, 2 Clare Street, Bristol, BS1 1XR

Offers in Excess of £75,000

Property Description

Commercial information

  • Business for sale

Key features

  • Premium location close to Hippodrome
  • Redevelopment of area nearing completion
  • Option for new business or existing brand
  • 10 years remaining on current lease
  • 3 years accounts available on request
  • Energy Rating E

Full description

Tenure: Leasehold

Description

There is an opportunity here for a new operator to take on 2 Clare Street and rebrand with their own concept and use this outstanding location to serve the high volume of customers in the area.

Caffe Gusto is a well known, popular brand in Bristol with a total of eight sites.

The cafe serves a range of simple, high quality foods such as sandwiches, paninis, wraps as well as hot and cold drinks and cakes.

Please also refer to the current website: http://www.caffegusto.com

Confidential instruction – please do not make any approach to the business – staff and customers are unaware of the sale.

Location

Situated right in the heart of Bristol, 300 yards from the Hippodrome. This corner site offers very high exposure from passing road traffic on Baldwin Street as well as high footfall from visitors approaching St Nicholas Markets and the restaurants/shops on Corn Street. St Nicholas market is one of the largest indoor markets in Britain and attracts tourists and locals on a daily basis. The area is also busy during the week with staff from local office buildings as well as tourists/visitors on weekends.

Internal Details

2 Clare Street has a single level trade area with seating for up to 20 around coffee tables and in window/bar style seating areas. The site is in very good decorative order and will not require updating for the foreseeable future. Food is served from a large counter in the centre of the café. A WC is located on a lower ground area along with storage space.

Fixtures & Fittings

All fixtures and fittings are owned outright and included in the sale.

External Details

Seating for four outside on the pavement around three tables.

The Opportunity

The current high volume of sales being achieved at this site provides an opportunity for a new operator to begin trading immediately.

Caffe Gusto has been at 2 Clare Street since 2012. In this time, the café has developed a strong regular trade from the local workforce as well as tourists drawn to the area by the Hippodrome and nearby markets/retail areas.

A buyer could continue to trade as Caffe Gusto (subject to approval by current owners). Also available is Caffe Gusto at 120 St Michaels Hill, an operator could take on both sites to either rebrand or benefit from this established name.

Currently the site is operated by Caffe Gusto staff however, an owner operator could increase profitability with a more hands on approach.

Staff

Currently the site is run with staff as part of the Caffe Gusto group. Staff at this site can either be retained or will be reallocated to other sites within the group by the current owners.

Trading Information

Turnover in 2015 was £210,000 with ANP of £52,727. Turnover in 2016 was £191,000 with an ANP of £48,552. Turnover in 2017 of £161,000 with ANP of £33,223. Turnover in 2016/17 has been adversely affected by road works in the area limiting access to the site from both pedestrians and road traffic. This project is now complete and trade has returned to levels more in line with those achieved in 2015, the improvement to the area will increase footfall to the site in the future potentially beyond those achieved in 2015.

Trading Hours

Open seven days 6.30am–7pm


More information from this agent

Nearest stations

  • Bristol Temple Meads (0.7 mi)
  • Bedminster (0.9 mi)
  • Clifton Down (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 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

  • Bristol Temple Meads (0.7 mi)
  • Bedminster (0.9 mi)
  • Clifton Down (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Bristol

Embassy House Queens Avenue, Clifton, Bristol, BS8 1SB

0117 407 0138 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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