Sold

Licenced Vegetarian Café Bar Bristol

Bristol, Bristol

£265,000 +SAV

Ref: 13693 H

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Description

Hilton Smythe welcomes to the market Maitreya Social. The business was established in 2001 and was taken over by our clients in 2011. The owners now look to sell the café bar, to focus on other business interests.

The business runs as a café bar, restaurant and bistro. The bar also specialises in 100% vegetarian food, with plenty of vegan and gluten free options. The business does have an alcohol licence and stocks a mixture of lager and cider on draught alongside bottled beers, wines, spirits and cocktails

Maitreya Social offers an extensive menu, using only the finest locally sourced ingredients. Food is served for breakfasts, lunches and in the evenings. Menus vary throughout the day, Breakfast/brunch offerings at the weekend and a more formal, seasonally changing a la carte menu in the evenings.

The café bar also offer vegetarian outside catering. They cater for informal buffets, evening canapes, weddings, private functions and more. Maitreya Social can cater to the needs, wishes and dietary requirements of each individual person.

Maitreya Social generated an advised turnover of circa £294,000 as of the 2016 accounts, with a gross profit of 65%. This is a healthy turnover, with scope to be increased. Vegetarian food is very en-vogue in big cities like Bristol and London. The business has established a reputation for vegetarian food over 15+ years. A prospective buyer can make a decision to change cuisine. Maitreya Social is set within Bristol's bustling cultural quarter and so there is potential to vary fayre.

The business is set in a large property that has scope to be used for multiple uses. This would be an ideal purchase for someone looking to by a property and business in a prime location.

The café bar has an informative website that boasts a generous amount of information about the business, menus are also available. This can be found at www.cafemaitreya.co.uk. The business also has a Facebook page. The page has over 1,500 followers, a great cost effective way to advertise.

This is a fantastic opportunity for a husband and wife team or partnership that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Tenure

Freehold

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

Hours

The business opening hours: -

Monday: Closed
Tuesday - Friday: 6pm – 11:30pm
Saturday: 10am – 11:30pm
Sunday: 10am – 3pm

Staff

The business is run and managed by our clients, with the help of four-part time and 5 full time members of staff.

Financial Profile

Maitreya Social generated an advised turnover of circa £294,000 as of the 2016 accounts, with a gross profit of 65%.

Location

Maitreya Social is located in Bristol.

The café bar is situated in the busy community village of 'St Marks Road', Easton, on the outskirts of Bristol city centre. St Marks Road itself is a busy Londonized street boasting a parade of independent local operators at the hub of a densely populated residential area. This is a highly regarded multicultural part of Bristol.

The area has ample retails outlets, close by there is a butchers, chemist, greengrocers, takeaways, newsagents and much more. There is a school close by and there is generous free on street parking in the area.

St Marks Road is just off the A432 an arterial A-road that runs into the centre of Bristol. The M32 motorway network is also close by. Bristol is a bustling city centre with great public transport connections. The city centre is just 1.8 miles away from the café bar, with many bus stops with direct routes. The closest train station is Stapleton Road which is a short 5-minute walk away.

Premises

Maitreya Social boasts a prime corner position. The property is well-signed with seating directly outside. The door is located on the corner, windows to each side of the café allow for a bright interior.

The property boasts 60-65 covers and has been completed to a very high standard. The premise was fitted out 7 years ago and all equipment has been updated over the last 6 years. The café bar looks fantastic throughout with the stripped timber flooring and unique furnishings.

On entry is the service counter and open plan kitchen space. This curves round and runs up the café. Seating lines the left-hand wall, leading to a large seating area at the back of the room. There is also an accessible toilet on the ground floor. There is an external door from the high street that leads into the rear seating area.

On the first floor of the property is another large seating area with loose dining tables and chairs. There is also a soft seating area with coffee table. Ladies and gent’s toilets are located on this floor. Sky lights are fitted in the ceiling making the seating area bright and airy.

Other rooms include a self-contained storage area, ancillary areas, dry store and office.

Equipment included in the sale: -
Six burner oven
Grill
Under counter fridges
Drink coolers
High end coffee machine
Dishwasher
Fridges
Freezers

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