Superb Cafe And Bakery In Aberystwyth For Sale

Business description

Advised annual turnover of £264,627 with good gross profit margins
Early interest and viewing is highly recommended
Coastal town centre location in Aberystwyth
Potential to open evenings and Sundays
6 bedroom owners’ accommodation
Scope for the bakery to wholesale
Sale includes all fixtures & fittings
Prominent trading position
Well established
Repeat trade
LEASEHOLD


Business History

Meridian Business Sales are privileged to offer to the market this well established café and bakery. The business has been established since the 1920’s and has been in the careful hands of our client for the last 32 years. This superb concern is only being offered to the market due to our clients wish for a well deserved retirement. Our client informs us that the annual turnover for the business is £264,627 with a gross profit of £204,815. The business generates its turnover from selling, teas, coffees, light bites, sandwiches, fresh meats, panini’s, toasties, pasties, pastries, savoury rolls, custard slices and bread rolls. The business benefits from lots of repeat customers due to its long trading history and also catches an abundance of passing tourist trade due to its prominent location. The business is owner operated and benefits from 6 full time and 8 part time members of staff. During our clients ownership they have continually invested in equipment, fixtures and fittings which is all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. The self contained 6 bedroom flat needs some renovation work but could provide a lovely family home or potential to be a restaurant. We believe that there is still huge potential to increase trade by opening evenings as a restaurant, opening on Sundays and the bakery could wholesale and supply other shops. Early viewing is highly recommended as this business cannot be missed.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 15 years
Remaining: 12 years
Review: 3 years

Location:

This outstanding and well established café and bakery is situated in Aberystwyth which is an historic coastal market town and holiday resort within Ceredigion, Wales. It’s accessed by the A487 from Machynlleth and is situated adjoining the town clock square next to the prime shopping area of Great Darkgate Street and fronting the main thoroughfare to the promenade and beach. Aberystwyth is surrounded on three sides by some of the most glorious countryside in Great Britain - the Cambrian Mountains and the Rheidol Valley - which you can explore on one of Wales's Great Little Trains: the Vale of Rheidol Railway, not to mention Ceredigion's Heritage Coast and Cardigan Bay Special Area of Conservation as well as one of the most concentrated collections of award winning beaches in the UK. It boasts its own university and is a major Welsh education centre.

Premises details:

Prominent location in the coastal town of Aberystwyth briefly comprising;

GROUND FLOOR

Door leading to main café with tables and chairs to cover 80, sales counter and L shaped serve-over chilled display counter, work surfaces, toastie machine, bain-marie, hot water boiler, 2 x electronic tills, coffee machine with grinder and wash basin.

Ladies toilet
Gents toilets
Washing up room with sink drainer and dishwasher
Staff toilets
Basement
Bakery with 5 deck oven, proofer, bread moulders, double fridge, sink, wash basin and meat slicer.

Preparation room with dough mixer, BDM machine, work surfaces and storage racks

Dry stores with 2 x walk-in freezers and storage racks
Cream room with 2 x mixers, sink, wash basin, cream machine, fridge, pie machine and storage shelves
FIRST FLOOR

Self contained owners’ accommodation

Laundry room

Kitchen/office with sink drainer

Dining room

Lounge

SECOND FLOOR

Bathroom with corner bath, 2x wash basins, toilet and bidet

3 x double bedrooms

Dressing room

THIRD FLOOR

3 x double bedrooms

Business Operation

Trading hours:

Monday: 7:30am - 5:15pm
Tuesday: 7:30am - 5:15pm
Wednesday: 7:30am - 5:15pm
Thursday: 7:30am - 5:15pm
Friday: 7:30am - 5:15pm
Saturday: 7:30am - 5:15pm
Sunday: Closed