Restaurants for sale in Wells

View the "LICENSED CAFÉ/RESTAURANT - Wells" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I had an offer for my Cafe Bistro business within 4 days of the advertisement going live on Daltons. 

Beverley Iles (September 2016)
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Leasehold Price: £49,950 Annual Turnover: £168,000
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Business Description
• EXCELLENT TRADING LOCATION NEAR MAIN CAR PARK
• EYECATCHING AND STYLISH GLASS-FRONTED PREMISES
• ATTRACTIVELY PRESENTED AND WELL EQUIPPED
• SUITABLE FOR A RANGE OF CATERING STYLES
• RECENTLY REDUCED RENT AND LOWER BUSINESS RATES
• FULL INSPECTION STRONGLY RECOMMENDED

LOCATION:
The premises occupy a very good position in an attractive thoroughfare with considerable passing trade leading from the Union Street car park on the main pedestrian route to the City centre shops.

BUSINESS:
This eye-catching licensed café restaurant occupies an enviable trading position in the heart of the beautiful city of Wells, which is popular with visitors all year round in view of the stunning Cathedral and the adjacent Bishop’s Palace with its substantial gardens. The premises lie immediately adjacent to the most convenient of the public car parks in the main thoroughfare leading to the principal shopping street and therefore enjoy a significant passing trade.

Presented as an English and Mediterranean café restaurant with a Moroccan influence, the décor is tasteful and suitable for a range of catering styles without further investment. The commercial kitchen is both spacious and well equipped with full extraction facilities and the dining area offers 34 covers as presently arranged with the option of a further 12 external covers on land owned by the landlord.

Currently operating 6 days per week to serve the morning, lunchtime and evening trade, the business closes in the afternoon, re-opening at 6pm. The vendor chooses to close on Sundays but in this location we feel it could be very beneficial to trade 7 days with Sunday possibly being one of the busier days of the week.

Rent has recently been reduced substantially following voluntary return of a little used first floor function suite to the landlord for redevelopment, and with the business also benefiting from a material reduction in business rates, the lower fixed cost base offers the prospect of stronger profitability for new owners.

The business has been priced appropriately to achieve a quick sale and opportunities such as this are rare in this price range. Accordingly, interested parties are encouraged to undertake a full external and internal inspection at the earliest opportunity.

YEARS ESTABLISHED:
We understand that the premises were initially a wine bar which opened c 2004, converting to a licensed café/restaurant c 2007. The business was acquired by the current owner in 2009.

TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Sales of £168,063 were reported for the year ended 31 March 2016 having peaked at £193,216 in the year ended 31 March 2014. Accounts for the year ended 31 March 2017 are awaited. These are expected to show turnover, net of Vat, of c £150,000, the first floor function room having been handed back to the landlord for residential redevelopment in exchange for a substantial rent reduction of £9,000 per annum. The latter has also brought about a material reduction in the business rates payable of c £300 per month.

STAFF:
The vendor, who works full-time and is assisted by her son. A full-time chef who works 40 hours per week and there are currently 2 x part time waiting staff working 16 hours and 20 hours respectively. Further casual assistance is called upon as required.

OPENING HOURS:
Monday to Friday: 10.00am to 2.00pm
Monday to Saturday: 6pm to 9pm
Saturday: 10.00am to 3.00pm
Sunday: Closed

In our opinion Sunday opening could be very remunerative in this location.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The premises occupy part of the ground floor of an eye-catching semi-commercial development of modern style. Enjoying a predominantly glazed extended frontage with dual aspect set in a wooden frame under a sloping tiled roof with attractive apex feature over the entrance door, there is ample space immediately outside to accommodate c 12 dining covers in comfort.

The welcoming front entrance comprises fully glazed double doors in a wooden frame opening into a spacious half glazed wooden porch with inset doormat and overhead spot lighting. Further half glazed wooden double doors then open to give access to:

Open Plan Dining Area (8.6m x 9.1m in front part, narrowing to 5.8m towards the rear)
Attractive wood panel flooring throughout. Half height wooden wall paneling with integral wooden bench seating to part. Pitched ceiling to front part with apex over porch. Directional spot lighting. Fitted roller blinds to front and side windows. Painted walls. Wall mounted menu blackboards. Pine tables and chairs with soft cushions arranged to offer 20 covers in window area, 6 further covers adjacent to central supporting pillar and 8 further covers towards the rear, offering 34 covers in all (the vendor has matching tables and chairs to provide 8 further covers currently stored off-site but which will be included in the sale). 2 x central heating radiators. Inset and directional spotlighting with additional freestanding uplighter. Freestanding wooden double height and width storage cupboard to one side.

L-shaped brick and wood bar servery with hardwood surface and suspended glass storage canopy over. Non-slip floor surface and small area of vinyl in bar area. 2 x double width bottle chillers. 2 x SAM4S electronic cash registers. Small Class EQ glass washer. Music system with high level wall mounted speakers. Astoria Espresso coffee machine with grinder and Carwardine coffee percolator (rented from and maintained by the coffee supplier). Fitted wall shelving for storage of crockery and display of spirits. Wooden wine rack. Under counter ceramic hand wash basin. To the left of the bar a sapele door gives access to:

Walk-in Storage Cupboard (2.1m x 2.4m approx.):
Stone floor. Accommodating tall Foster refrigerator, tall Lec freezer, small Amica freezer, Polar bottle chiller, Amica fridge/freezer, Fridgemaster refrigerator, stainless steel shelving unit and further fitted wooden shelving.

Also to the left of the bar an open doorway with shallow step down leads to:

Commercial Kitchen (7.0m x 3.0m approx.):
A comprehensively equipped and most spacious facility. Non-slip floor surface. Part-tiled walls. High ceiling. Fluorescent lighting. 3 x stainless steel refrigeration units (1 x 4 door + 2 x 3 door) with spacious stainless steel work surfaces. Worcester wall mounted gas boiler supplying hot water and central heating. Fitted shelving for crockery. 6 burner gas range oven, Blue Seal eye level grill and Pitco deep fat fryer, all under a stainless steel extraction hood. 2 x small stainless steel tables. 2 x Ariana commercial microwave ovens. Canopy for storage/display of tagines. Class EQ Hydro 750 dish washer. Stainless steel double ‘Butler’ sink unit with single drainer to side and wooden shelving over. Ceramic hand wash basin with tiled splash back, soap dispenser and paper towel dispenser over. 3 x further stainless steel tables. Mid and high level fitted wall shelving. Beko freezer. Weighing scales. Shrink-wrap machine. High level, wall mounted insect killer.

Returning to the bar area, to the rear right hand side an open doorway leads to a rear inner hall with wood panel effect flooring and half height wooden wall paneling. Wooden doors give access to:

Unisex WC Cubicle 1:
Low flush WC on raised dais. Part tiled, part wipe clean walls. Wall mounted ceramic wash basin with mirror wall tiles over and wall mounted electric hand dryer to side.

Unisex WC Cubicle 2:
Low flush WC on raised dais. Part tiled, part wipe clean walls. Wall mounted ceramic wash basin with mirror wall tiles over and wall mounted electric hand dryer to side.

Storage Cupboard:
2 steps up. Of irregular shape. Accommodating one tall freezer and two freestanding shelving units for storage of dry goods etc.

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

OUTSIDE:
There is ample space immediately outside the premises to locate 3 tables/12 covers if desired.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
None

LEASE TERMS:
The premises are currently held under the residue of a lease which expires in November 2026. However, in view of the fact that the first floor function room has been returned to the landlord by agreement in exchange for a reduction in rent from £24,000 to £15,000, it has been agreed that the landlord will offer a new 12 year lease to the buyer at the time of purchase.

Rent will continue at £15,000 per annum and be subject to review every 4 years. The tenant will be responsible for a 40% share of the buildings insurance premium but the repairing covenant will be limited to 25% of the property maintenance costs.

A parking space is also available to rent under licence.

ENERGY PERFORMANCE RATING:
Energy Performance Certificate No: 9758 3088 0222 0100 4321
Energy Performance Asset Rating: 52 Category C
Tenure: Leasehold

Listed by: Adams & Co
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