Cafes for sale in Abergavenny

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Licensed Cafe Restaurant With Accommodation For Sale

Abergavenny, Monmouthshire, Wales

  • Freehold Price: £749,995
  • Annual Turnover: £338,000
Seller Reference: 2917
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Business Description
 
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Seller Reference: 2917
Request Details
Business Description
Licensed Cafe Restaurant With Accommodation For Sale
Well established and highly regarded business
Situated in the town centre of Abergavenny
Early viewing is highly recommended
Ideal husband and wife opportunity
Advised weekly turnover of £6,500
Scope for further development
Free of tie alcohol license
Genuine reason for sale
FREEHOLD

Business History
We are delighted to offer to the market this well appointed café/restaurant which was established by our clients in 1973. Our clients are reluctantly offering the business to the market due to their desire to retire. Since our clients took ownership of the business they have continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively and in particular shows in the year on year increase in turnover and profitability. Our clients inform us that weekly turnover currently runs at £6,500 with a gross profit margin of 66.5% which is derived from a popular hot & cold food menu, this could be significantly increased by taking advantage of the free of tie alcohol license and increasing opening hours. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.

Trading Hours:
Monday: 8:00am - 7:00pm
Tuesday: 8:00am - 7:00pm
Wednesday: 8:00am - 7:00pm
Thursday: 8:00am - 7:00pm
Friday: 8:00am - 7:00pm
Saturday: 8:00am - 7:00pm
Sunday: 9:00am - 4:00pm

Accommodation Details:
Well presented glass fronted property, briefly comprising of: GROUND FLOOR Open plan dining area for 60 covers Serving counter Chilled cake/dessert counter Coffee/cappuccino machine Fridges Microwave Serving / preparation area Electronic cash register Customer toilets Fully fitted kitchen with extraction unit, 6 gas burner oven with grill, pan fryers, stainless steel preparation areas Industrial microwaves, stainless steel fridge/freezers and sink/drainer etc. Access to basement used as storage area. FIRST FLOOR Owners Accommodation Lounge Dining room Bathroom Fully fitted kitchen SECOND FLOOR 3 double bedrooms EXTERNAL Dining area for 12 covers Courtyard Financial Profile Turnover: £6,500pw Gross profit: 66% Stock approximately: £9,000 Tenure We are advised freehold

Location Details:
This highly popular café/restaurant is occupies a substantial 3 storey mid parade premises, ideally located in a prominent trading position on a busy high street in the heart of Abergavenny, Monmouthshire. The premises are surrounded by a variety of complementary shops and businesses and are close to the farmers market. The business enjoys a high footfall and receives much passing trade from the busy A40. There are excellent public transport links close by with numerous bus stops and the railway station is within easy walking distance. The business boasts easy access to the A-road network including the A40 and the A465. Abergavenny lies on the River Usk and is known as the 'Gateway to Wales' due to its location between the two mountains, Blorenge and Sugar Loaf and is an ideal base to visit the Brecon Beacons National Park. The M4 lies approximately 17 miles to the south and Cardiff is less than 30 miles away.
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