Status: For Sale
Tenure: Leasehold
Leasehold Rent: £6,000 per annum
Turnover: £61,185
Café on Busy Industrial EstateCafé on Busy Industrial EstateCafé on Busy Industrial EstateCafé on Busy Industrial EstateCafé on Busy Industrial Estate
£49,950

Café on Busy Industrial Estate

For Sale
  • Reference: 13634 H
  • Location: Merthyr Tydfil, Merthyr Tydfil
Hilton Smythe welcomes to the market Maggies Kitchen. The café was established in this location by our client in 2002. The owner is looking to sell the business, due to ill health.

The business runs as a busy industrial estate café in a prominent trading location. The business serves an excellent varied menu, fayre includes breakfasts, lunches, hot and cold snacks, sandwiches, baguettes, daily specials as well as a variety of hot and cold drinks.

Maggies Kitchen benefits from a generous amount of repeat loyal trade. We are advised every Sunday the business serves around 60 roast dinners. Our client also offers a delivery service to the local businesses.

The business generated a turnover in the region of £61,000 as of the 2016 accounts, with a gross profit of 68%. This is a healthy turnover; however, we feel there is huge scope to further increase this figure.

Our client has run the business at a steady pace, and so with a hard-working hands on purchaser who would be willing to extend opening hours, could see this already well-established café thrive. There is little competition locally and targeting local businesses should be a main focus of the buyer. Expanding deliveries could be highly beneficial to the café. By introducing a social media page the owner could advertise the delivery service and food available. Social media is a great cost effective way to advertise a business.

This is a fantastic opportunity that is not to be missed. The café would be an ideal turn key purchase for a husband and wife team or partnership. The café comes fully equipped and our client would be willing to offer a hand over period, to allow for a smooth transaction. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

TENURE

We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 5 years.
Remaining lease length: 1 year as of 2017.
Rent: £6,000 per annum.

HOURS

The business opening hours: -

Monday - Sunday: 8am - 2:30pm

STAFF

The business is run and managed by our client, with the help of three-part time members of staff.

FINANCIAL PROFILE

The business generated a turnover in the region of £61,000 as of the 2016 accounts, with a gross profit of 68%.
Maggies Kitchen is located in Dowlais, Merthyr Tydfil.

The business is prominently situated at the entrance to a busy industrial estate, with ample free parking. The business is hard to miss and is well signed. The estate allows for a generous amount of footfall and passing trade, most custom is generated from the businesses in the area.

Merthyr Tydfil is a town in Wales with a population of circa 63,000. The town is a popular tourist destination with beautiful countryside and outstanding architecture. The main attraction in the town is Morlais Castle, which is situated next to Morlais Castle Golf Club and park.

The business is set just off the A465, an arterial road in the town. This road further connects to the A465 and A470. As well as great road connections, the town also boasts excellent public transport links. There are bus stops within walking distance and the closest train station is a 10-minute drive away.
Maggies Kitchen boasts a detached property on an industrial estate. The property is well-signed and benefits from free parking. There are windows across the front of the café, this allows for a bright interior.

On entry is a large seating area for 16 covers, this a mixture of metal seating and bench bays. Seating leads up to the service counter. There is a single glass serve over chiller used for displaying cold products. Behind here is the open kitchen, this is visible to the seating area. The property is presentable, well-suited to the trade.

A glass patio door in the main seating area, leads through in to an additional seating area. This has a further 20 covers.

The sale includes the following equipment: -
Glass fronted serve over counter
Free standing stainless steel servicing trolley
Stainless steel hand wash basin
Double stainless steel sink and drainer
Stainless steel perimeter shelving
2x microwave ovens
2x kettles
Full extraction system
Stainless steel range style cooker with two ovens
Grill
Five burner halogen hob
Buffalo twin fryer
Lincat griddle
Four pot Bain Marie
Lincat twin fryer
Stainless steel preparation areas
Coffee machine
Under counter stainless steel fridge
Under counter stainless steel freezer

External WC with hand wash basin.

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