Sold
Busy Coffee Shop In Ideal Location
Cardiff, South Glamorgan
- Asking Price: £33,000 +SAV
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Turnover:
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. - Tenure: Leasehold
CoGoGo 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.
The business is currently run by the owner, 1 other full-time member of staff and 3 part time members of staff.
Monday to Saturday - 8.00 am to 6.00 pm
Sunday – 10.00 am to 5.00 pm
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.
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.
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