Sold

Vibrant and Busy Café

Ross-on-Wye, Herefordshire

£24,950 +SAV

Ref: 14357 H

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Description

Hilton Smythe welcomes to the market Café Eazz. The business is a vibrant and busy cafe, which is well known in the area and has many loyal customers. The cafe offers both hot and cold foods with a wide range of baguettes, breakfast’s and wholesome main meals. The business occupies a lovely courtyard location with inside and outside seating. The café is a family run lifestyle business which makes a healthy profit, however this could be much improved with longer opening hours during the week to include evenings and longer weekend openings including Sundays. They also close the business for 2 weeks every year for holidays. Business could also be improved by obtaining an alcohol license for evenings in particular, and by extending the menu and introducing new drinks such as milkshakes, frappes etc. Viewing is a must to appreciate the quality and friendly café on offer, see Trip Advisor for great comments and reviews. It also has its own Facebook page, being very much part of the community. The cafe has been run by the current owner for 5 years, who is now looking to pursue other business interests.

Tenure

Leasehold

We are advised that the business is being sold as a leasehold opportunity, with a recently renewed 5-year lease. The rent payable is £10,200 per annum. There is also a service charge for maintenance of the courtyard which will be no more than £2,100 per annum. According to the VOA website the current rateable value is £7,700, however the owners inform me that they benefit from small business rate relief.

Hours

Monday 9:30 a.m. to 3:30 p.m.Tuesday 9:30 a.m. to 3:30 p.m.Wednesday 9:30 a.m. to 3:30 p.m.Thursday 9:30 a.m. to 3:30p.m.Friday 9:30 a.m. to 3:30 p.m.Saturday 9:30 a.m. to 3:30 p.m.Sunday closed

Staff

The business is currently run by the owner and his family and 1 part time member of staff.

Financial Profile

We believe from the owners that the business turned over £52,363 for the year to March 2017 with a gross profit of £44,131 and a healthy net profit.

Location

Café Eazz is situated in the town of Ross-on-Wye in an attractive courtyard location. There are several businesses in this location, the main high street is within walking distance; with ample retail outlets both large well-known brands and independent stores. Ross-on-Wye is a beautiful location with scenic countryside and historic buildings; a popular location for walkers, cyclists and hikers. The town is a well-known market town set on the River Wye. This is a small town which had a population of circa 9,574 as of the 2011 census. Ross-on-Wye is just minutes away from the A40 an arterial A-road that connects to the M50 motorway network linking up to the M5 for access to all surrounding areas. The town is just 30 minutes away from Hereford, an easy commute using the great road links and generous public transport. There are bus stops a short walk away, these have regular routes into Gloucester, Hereford and Monmouth.

Premises

These are easily managed premises covering 107.3 sqm on the ground floor, offering café area with tables, chairs and sofas for up to 30 covers, together with outside seating for a further 12 people in a lovely courtyard setting. Serving counter, till, ambient cake display fridge, coffee machine and grinder, small drinks fridge, double door under counter chiller, ice machine and hot water urn. Disabled WC with baby changing, store room/office. Spacious commercial kitchen with equipment to include, panini machine, microwaves, double solid top grill, 2 deep fat fryers, salamander grill, deep freeze, fridge, 2 dishwashers, washing machine, 4 plate stove and stainless steel preparation table. The kitchen offers gas and electric supply and has a separate door giving access to the side. The property also offers various shelving and racking, a small built in cupboard and gas central heating.

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