Leasehold option £40,000+SAV
Hilton Smythe welcomes to the market this longstanding family run café which has been in the same family for over 40 years, with the son currently running the business and the father owning the freehold.
The cafe itself is very well established and has been run by the current owner to a high standard. Our clients are now looking to sell to take a well-earnt retirement.
The business is set over 4 floors and offers great potential for the new owners to offer a wider range of food types and open longer hours earlier in the morning and in the evening to really push the business forward. Subject to the necessary planning permission there is the option to convert the 2 top floors into accommodation as the basement and first floors still offer a large amount of space.
There is an extensive list of fixtures and fittings included with tables and chairs, fridges, freezers etc as well as a fully fitted commercial kitchen.
TENUREWe are advised that the business is being sold as a Freehold opportunity.
Leasehold option available for £40,000+SAV.
Lease to be negotiated with the purchaser.
HOURSMonday: 9:00 a.m. to 3.00 p.m.
Tuesday: 9:00 a.m. to 3.00 p.m.
Wednesday: 9:00 a.m. to 3.00 p.m.
Thursday: 9:00 a.m. to 3.00 p.m.
Friday: 9.00 a.m. to 3.00 p.m.
Saturday: 9.00 a.m. to 3.00 p.m.
STAFFThe business is currently run by the owners with the help of 4 part time members of staff.
FINANCIAL PROFILEThe accounting information shows a turnover of £78,061 for the year ending March 2016 with a gross profit of 68%.
We feel that this could be greatly improved with a new fresh impetus to the business.
According to the VOA website the current rateable value is £5,500, however the owners inform me that they benefit from small business rate relief.
Imperial Café occupies an ideal central location, in the centre of Maesteg, in a busy high street location with all the major shops being within easy walking distance.
Maesteg is a town in Bridgend County Borough, Wales and lies at the northernmost end of the Llynfi Valley, close to the border with Neath and Port Talbot. There is easy access to the M4 motorway network and surrounding areas.
The town has a population of around 22,000 people.
The premises are set over 4 floors covering 181.79 sqm, so is of a very good size.
There is a basement which offers a fully functioning commercial kitchen with ovens, fryers, fridges, freezers and all the equipment needed to run the café.
There is a preparation room, rear store room and a WC. On the ground floor, there is the main café area with servery and till, fridges, microwave and seating area with tables, chairs etc. To the rear there is another WC.
On the first floor is the second café area with tables, chairs including high chairs for children and stairs to the second floor which has ladies and gent's toilets.
Further storage and a good-sized office area/staff room.
The property also benefits from some UPVC double glazing, a gas fired boiler for hot water and a full height roller shutter security door.