 | UNDER OFFER Coffee Shop And Restaurant For Sale Under Offer Wellington, Somerset, United Kingdom Advert ref: 2115 FINANCIAL DETAILS | Asking price: < £200k Sales revenue: £80,000 Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | This is a lovely business in a fine location; the premises are both spacious and adaptable; currently the owners operate the business as a combined coffee shop, café and restaurant; the main focus of the business is the provision of a simple day time menu with the focus on good quality fresh food, produced from local ingredients. The owners have a passion for food and try to purchase all their produce locally which will often include vegetables grown in local allotments and meats reared by the surrounding farms.
Additionally they will bake their own croissants, patisserie, fresh pasta, pizza’s etc, this combined with the sale of fair trade tea and coffee makes for an interesting business proposition. The range is complimented by freshly squeezed juice, smoothies and local produced ice cream.
The café is configured to create a combination of formal dining and soft seating area’s for a much more informal and relaxed environment.
Whilst the main trade is from breakfast though to mid afternoon, the owners have experimented with evening opening (Friday & Sat) which has proven successful.
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GENERAL INFORMATION | Years established: Many
Employees: 4
Trading hours: 6 days and some Sundays
Property: Leasehold
Lease terms
The rent is £1000 per month payable one month in advance; in addition the purchaser will be expected to lodge a rent deposit with the landlord of £3000. There are 6 and half years remaining on the current lease and Business rates are circa £400per 10 months.
Living accomodation
NA
Location
A prime location in the centre of Wellington, the business is situated on one of the town’s main shopping street and does not have huge competition, indeed there is nothing similar in the town.
Wellington has a large residential population and industrial base providing prosperity and significant disposable income; the town centre is
increasing in popularity and to the most part is made up on independently run businesses.
Expansion potential
Evenings
Competition / Market
Some local competion but not huge.
Support & training
Handover
Reasons for selling
New Opportunities
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The Business Partnership - Avon, Somerset, South Gloucs, Wiltshire | | | |
