Sold

High Popular Coastal Café/Bar With Great Turnover

Weston-super-Mare, Somerset

£60,000 +SAV

Ref: 3083 H

Share this property
Share

Description

Hilton Smythe is delighted to welcome to the market The Terrace Café Bar. The café was originally established in the 1960’s and is well known in this beautiful town. Our client first took over in 2013 but is now looking to sell the business due to health reasons and for the desire to focus on other interests. The café is run as a traditional coastal business. The business is within walking distance of Weston’s large sandy beach and two piers again within a few minutes’ walk. This is a perfect location for a highly profitable café. The cafe is open weekdays selling a fantastic range of high quality foods. They are also open lunches and dinners. Later on in the evenings the café transforms into a bustling bar. This is a very popular café and this is shown through the generous reviews on TripAdvisor; the business does have 5* reviews on the website. As per the 2015 accounts turnover is in the region of £64,500 with a gross profit at circa 63%. Although this is a great turnover we feel this could be increased in many ways. One way to boost turnover would be to expand the online presence. The new owner could look to develop a website to advertise the menu. Social media is also a great way of promoting a business, it is also free. This is a sea side town and so it is of a major importance that the business advertises to all potential tourists in any way possible. The current vendor has been running the business at a steady pace to suit their needs. This café would highly benefit from an ambitious new owner who is looking for an already thriving coastal business. The café is set in an unrivalled position and we are advised by our client that in the busy summer months there is always a queue of customers waiting to use the alfresco terrace dining area. The business is surrounded by bed and breakfast accommodation with holiday makers looking for a great place to eat. The café already receives a generous amount of repeat trade from both locals and tourists. We feel custom can only increase with the redevelopment in the area. This a perfect opportunity for a husband and wife team looking for a change of lifestyle in a beautiful seaside town. Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is Leasehold.Original lease length: 5 yearsLeft on the lease: Under 3 yearsRent: £10,000 per annum We are advised the landlord will grant a new 5-10 year lease.

Hours

The business is open- Monday - Sunday: 9:30am – 12am The licence is until 2am.

Staff

The business is run by our client with the help of a manager 2 part time bar staff and 1 part time waitress plus casual members of staff.

Financial Profile

As per the 2015 accounts turnover is in the region of £64,500 with a gross profit at circa 63%.

Location

The Terrace Café Bar is located in Weston-Super-Mare, Somerset. The café is situated along the beautiful coastline of Weston-Super-Mare. This is a brilliant location with a generous amount of business. The area is filled with an abundance of B&B’s set to take the many tourists they receive year on year. The area has benefitted from redevelopment and the town has become increasingly popular. The business is located just off a main road down an alley, which leads to beautiful views of the sea and this highly popular café. There are many bus stops dotted around the town the closest being just a short 2 minute walk away. The closest train station is around 2 miles away which is an easy drive. The M5 motorway runs across the back of the town and runs from Bristol through to Exeter.

Premises

The business boasts an end terrace property positioned by the road side with views of the coast. The property is a great size and is in a fantastic location. A generous sized bar area with bags of character and period features, slate tiled flooring, beamed ceiling and windows to side and rear that creates a light airy interior. There is a further raised dining area with timber flooring and views across the bay. On this level is further dining area with feature wall lights and door leading to outside terrace space. This leads out to the bespoke bar area which is well stocked with optics, glass fronted chillers and pendant lighting. KitchenA good sized and comprehensively equipped kitchen with full extraction system, six burner gas hob with oven beneath, additional commercial oven, double stainless steel sink and drainer with useful storage beneath, generous run of stainless steel preparation work tops, 3 microwave ovens on wheel trolleys, double fryer, griddle, two four slot toaster, hanging storage, perimeter shelving, separate hand wash basin, vinyl type flooring. Dry goods storeThere is a useful store room currently used as a dry goods store with perimeter shelving and chest freezer and upright fridge freezer Additionally there is a small office and staff and customer toilets. The business is well maintained and presented with clear signage both to front and rear. A Particular feature of this business is the terrace to the rear of the business which is extremely popular during the warmer months and features a good size seating/dining are with magnificent views of the sea.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]