High Street Café – Asset Sale
Ref: 14305 H
Hilton Smythe welcomes to the market the vibrant and busy café, previously trading as Fresh 2 Lips.
The busines has recently ceased trading and our client has reduced the price dramatically to encourage a quick sale. Whilst trading the business was well known in the area and has many loyal customers.
The cafe itself has been run by the current owner for nearly 9 years, who is now looking to pursue other business interests.
Whilst trading the turnover was in the region of £100,000 which included local deliveries and a take away services.
Viewing is a must to appreciate the quality and friendly café on offer.
Whilst trading, the business was turning over circa £100,000 per year and is increasing all the time.
According to the VOA website the current rateable value is £4,800; however, the owner informs me that they benefit from small business rate relief so have no rates to pay.
Currently not trading.
The cafe is situated in Clydach, a large village and community in the City and County of Swansea, Wales, falling within Clydach and the Llangyfelach Parish. It is located some 6 miles north east of Swansea city centre. Its population in 2001 was 7,320.
This is a prime trading location for any business; receiving a generous amount of footfall and passing trade. The café is set on a high street location amongst other complimentary retail outlets.
The whole area is very well served by the M4 motorway, offering easy access to all surrounding areas.
These are easily managed premises covering 64.4 sqm on the ground floor.
The café seating area has tables and chairs for up to 30 covers.
Equipment includes: -
Cake display fridge
Steps lead up to a further seating area, WC, preparation area, good sized commercial kitchen, store room and further WC.
There is a substantial amount of equipment included in the sale:
8 ring gas cooking range
2 deep fat fryers
Various fridges and freezers
High chairs and more.
There is also access to an enclosed rear yard.
We are advised that the business is being sold as a Leasehold opportunity.
On a rolling lease with a rent of £5,280 per annum.