Sold
Well established cafe/bistro for sale.
Chard, Somerset
- Asking Price: £17,999 +SAV
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Turnover:
We are advised as per the 2020 accounts, the business generated a turnover in the region of £85,000, with an adjusted net profit in the region of £30,000. Full financials can be made available upon further request.
Please quote reference B06020
- Tenure: Leasehold
Please quote reference B06020
CoGoGo welcomes to the market an exciting opportunity to acquire The Art Café & Bistro, a multi-functional business located on Holyrood St, Chard. The business has been established for over 20 years, trading as a contemporary café, bistro, and art gallery.
The café offers a range of delicious dishes and further benefits from having an alcohol license in place, serving a selection of beers, wines & spirits. Along with the café, the business also has The Art sales, which are currently sold at 20% commission. The landlord has a large amount of contacts in the Arts & Education industry and can provide artists to exhibit on a month by month basis.
The building is ‘Tardis like’ and the small entrance way leads to a substantially large café and gallery. The ground floor was previously sub-let and ran as a shop; there are options to run this area as a shop, expand the bistro, introduce a deli/grocer or sub-let again. Prior to the current tenants’ ownership, this area was run as a bar. The café has a small courtyard garden with numerous plants/flowers. A small table and two chairs fits comfortably and it is a nice area for staff to take a break in.
The café benefits from 2 large stock rooms, one of which was previously used as an office, a large disabled toilet and baby changer in the downstairs area and a further 2 toilets in the upstairs area. There is also a ‘buttery’ which is the area that is used to clear dishes into and clear up. There is a sink, drainer, shelving and space here for a dishwasher. There is an additional area to the kitchen which is used for food prep and storage of additional kitchenware as well as the ice machine, washing machine and hand washing area. The kitchen also has its own small courtyard garden.
The café benefits from a barista coffee machine, built in full sound system, built in CCTV, plate warmer, 6 hob commercial gas oven, Lincat grill, two microwaves, fryer and 3 year old Baxi boiler.
The Art Café & Bistro has been under the careful ownership of our clients for the last 3 years, growing the business to an impressive level with an excellent local reputation.
The café not only lends itself as a café/bistro/art gallery but also the potential for a restaurant; there are few restaurants within Chard and there is a definite market for this at present which is one of the reasons that the bistro side of the business is so successful. The Art Café currently offers evening functions such as four course meal themed nights, live music nights, bi-monthly quiz evenings and cocktail nights.
There is potential for accommodation above the café in a stunning 2-bedroom flat with terraced garden (to be discussed with the landlord).
The google reviews are 5 star with customer comments stating ‘Food was delicious, Service excellent great atmosphere. Definitely recommend.’ And ‘love this place, clean, neat, artwork, lovely homemade food, presented lovely. Lovely waitress and just a great place to be and not expensive.’
Our clients would be willing to offer a handover period to the purchaser to help the transaction run smoothly.
The business is run and managed by the 2 owners.
The business hours are;
Monday – 09:00 - 15:00
Tuesday – 09:00 - 15:00
Wednesday– 09:00 - 15:00
Thursday – 09:00 - 15:00
Friday – 09:00 - 15:00
Saturday – 08:30 - 14:00
Sunday - Closed
The Art Café & Bistro is ideally located within the town of Chard, Somerset. The property is situated in a prime trading location within a parade of complimentary shops and businesses and benefits from a vast amount of footfall and passing trade. The area of the property is surrounded by large residential areas from which the business derives much of its trade. Chard lies on the A30 road, near the Devon border and has a population of approximately 14,000 residents.
The property is well served by the public transport system with several bus stops within easy walking distance of the business. The nearest railway station is approximately 7 miles away in Axminster. The area is also well served by the A-roads with the A30 and A-358 both within easy driving distance of the property, which link to the vast A-road and motorway networks. Taunton is approximately 15 miles away and coastal resort of Lyme Regis is 13 miles away.
The Art Café & Bistro has excellent eye-catching signage. The interior is beautifully presented with modern, bespoke decor and lighting. Furthermore, all cafes/restaurants on the street have all been allowed outdoor dining on the street.
The entrance leads to the ground floor, which was previously the shop, with stairs leading to the café on the 1st floor.
The restaurant is a generous size currently set up for 36 covers with the seating area made up of tables and chairs, there is plenty of room to add more covers. In the centre of the café is the bar area.
The premises has a generously sized and comprehensively equipped catering kitchen, with 2 stock rooms and a cleaning area.
WC x 2 on the 1st floor. There is also a disabled WC and baby changing unit on the ground floor.
The following equiptment is also included in the sale;
- Full extraction system
- Barista coffee machine and grinder
- 2 microwaves
- Fryer
- Grill
- 6 hob gas oven
- Plate warmer
- Ice machine
- Wine fridge
- Numerous fridges and freezers
- Washing machine
Tenure
We are advised that the business is being sold on a leasehold basis, with 3.5 year remaining on the 6-year lease. The rent is £1,150 per month and has £0 rates payable. Landlord has said he is happy for a new 7 year lease to be taken instead of the 3.5 years left on this lease.
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