Restaurant for sale

Senghennydd Road, Cardiff, Cardiff (County of), CF24

Offers in Region of £69,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes

Key features

  • A3 Consent
  • Fully fitted
  • Prime location
  • Great reputation
  • Further potential
  • Turnkey operation
  • Ideal starter business
  • Leasehold

Full description

Tenure: Leasehold

Falafel House Located In Cardiff For Sale
Vegetarian/Vegan & Gluten Free
A3 Licence & 4 Star Food Hygiene Rating
Ref 2262

Location
This outstanding Vegan Falafel House is located on the ground floor of The Student Union Retail Village in Cardiff. Positioned in the heart of the student area, seeing 25,000 new students every year and the University is investing £40 million over the next 3 years upgrading the building to accommodate more students to the area. This will not include any additional retail space. Close by is Cathays Park and railway station which is just ½ mile from Cardiff City centre. The area benefits from a lot of private and university investment for accommodation blocks and is surrounded by complementary independent retailers along with residential properties and plenty of free parking. Cardiff offers a startling range of unique attractions, top class entertainment, quality shopping and an array of bars and restaurants.

Business information
Asking Price: £69,950 plus SAV
Turnover: £100,000 pa
Stock: £1,000

Leasehold
Lease term: 10 years
Remaining: 7 ½ years
Reviewed: 5 yearly
Rent: £10,000 pa
Rates: £2,888
Service Charge: £1,200 plus VAT pa


Business Description
Veritas Business Sales are delighted to offer for sale this respected Falafel House which is located in Cardiff. The business was established in 2016 and has been in the careful hands of my client for the past 10 months. Reluctantly the business is now being offered for sale due to my client going to work overseas. Since ownership there has been continual investment in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Also included within the purchase price is their own website where they have received 5 star reviews along with Facebook. The business is owner operated and employs the help of 2 part time members of staff and has an annual turnover of circa £100,000. The Falafel House serves a fine range of vegetarian, vegan and gluten free falafels with a variety of fillings, falafel burgers, salad boxes, sides, soup of the day, skinny fries, crepes and smoothies. All fayre can be enjoyed in the well fitted restaurant, taken away or delivered by Uber Eats. We believe that there is further potential to increase trade by extending upon the current opening times, and joining other online delivery platforms such as Just Eat or Hungry House. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passers by. This is a superb opportunity to purchase a business that still has further growth potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Monday - Friday - 8.00am - 6.00pm
Saturday - 11.00am - 5.00pm
Sunday - closed

Ground Floor
Open plan restaurant/kitchens comprising: espresso dual head coffee machine (Expobar Zircon, bought December 2017 still under warranty), commercial mincer (bought in April 2018 still under warranty), two blend tech smoothie machines, commercial display chiller, three under counter commercial fridge, two under counter freezers (bought December 2017 still under warranty), under counter freezer (bought January 2017 still under warranty), commercial ice machine, commercial toaster (bought in February 2018 still under warranty), commercial electric convection oven (bought July 2018 still under warranty), commercial panini king machine (bought in March 2018 still under warranty), commercial creep machine (bought November 2017 still under warranty), commercial grill, electrical fan extraction, two counter top deep fat fryers, farmer wooden vegetable display cabinet, AC split with a remote control, iPad till with the latest software, two fire extinguisher with a blanket (bought December 2017 still under warranty), knockouts coffee box, display wooden basket, pastry glass display unit, wooden rubbish bin with recycling logo, Bluetooth speakers, wooden sauces holder, various food pictures framed and varnished, wooden boxes varnished and fixed on the walls as shelves, drinks display chiller and two commercial security cameras with a recorder connected to the internet (bought in December 2017 still under warranty).

External
Front seating for (12)
Plenty of street parking

A fob to use the staff toilets, shower facilities and kitchen.

Service charge includes all waste removal, staff toilets & shower maintenance. Daily cleaning and maintaining of the inside and outside of the building along with public toilets.

The Student Union (Landlords) pre-buy they're electricity in advance. Therefore the electricity bill per quarter is approximately £350 in peak season.





Nearest stations

  • Cathays (0.1 mi)
  • Cardiff Queen Street (0.5 mi)
  • Cardiff Central (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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 (0.1 mi)
  • Cardiff Queen Street (0.5 mi)
  • Cardiff Central (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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 2262. 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 VERITAS BUSINESS SALES LTD, Solihull. 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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