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Popular Cafe/Restaurant - Conwy For Sale

Clwyd
Asking Price:
£74,950 Furniture / Fixtures included
Sales Revenue:
£160,000
Cash Flow:
Available on request

Prominent High Street Location
Annual Turnover £160,000
Gross Profit £96,000
Accounts Available After Viewing
New Lease To Be Negotiated
Seating For 56
5 Star Food Hygiene Rating
Superb Reputation
Excellent Online Reviews
Free Parking Available
Scope To Increase Opening Hours
Potential To Introduce Deliveries
Further Seating Space Within Basement
Well Linked By A470 & A546
EPC - D

REF 6775 – Leasehold Cafe/Restaurant

Blacks Brokers are pleased to bring to the market this leasehold cafe/restaurant located in a bustling area of Llandudno town centre.

INTRODUCTION

Taylor's Cafe & Restaurant has been trading on Lloyd Street for over fifteen years. Our client took ownership in 2018. The business is well known and has a superb reputation in the area with a large base of regular customers, five star hygiene rating and excellent reviews noted on Google, Trip Advisor and Facebook.

LOCATION

Llandudno is a densely populated residential area. In addition to this, it is packed with hotels, B&B’s, caravan sites and holiday cottages, the beaches and stunning scenery bring a good flow of visitors and tourists all year round. Taylor's Cafe & Restaurant is positioned on a busy main road directly opposite the town hall, this is close to large multiples including HSBC and Londis as well as a range of independent retailers within this popular shopping parade. The area is well linked by the A470 and A546 with excellent public transport links and free parking is available in the immediate vicinity.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. We are advised that a new lease will be fully negotiated upon sale of the business, it will run at a cost of £375 per week.

STAFF

The business is currently operating with three full time and two part time members of staff in employment supporting our client and partner working on a full time basis.

FINANCIAL DETAILS

We are advised that Taylor's Cafe & Restaurant currently has annual turnover of £160,000 with gross profit of £96,000. Full financial details are available upon viewing.

BUSINESS RATES

The business has a rateable value of £6,300. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position on a busy main road. There is plenty of scope to develop the business further with the introduction of a delivery service and online ordering for takeaways. Longer opening hours are in high demand in this area and there is also scope to utilise the basement floor as another seating area, there is also scope to introduce outside catering along with room hire for private parties/functions. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - SUN: 10:00 - 16:00

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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