|
Asking Price
£60k
Description
Nominated for superb Sunday lunches by the Hidden Places of Wales Guide Private courtyard for al fresco dining for up to 36 covers. Interior seating for 30 covers with additional space. Combined turnover of approximately £112,800. Very low overheads, annual rent just £3400. Highly regarded & respected business. Early viewing highly recommended. Prime location on busy high street. Potential for further development. Well established & hugely popular caf‚ & outside catering business in the thriving town of St. Asaph in the beautiful countryside of the Vale of Clwyd. The caf‚ which has been established for over 7 years & in the careful ownership of our clients for the past 4 years, is only now being offered to the market due to family circumstances & ill health. The business enjoys an excellent position being situated on the High Street of the town & enjoys not only passing trade but also regular & repeat business from the local community & tourist trade. St. Asaph is a popular tourist destination & stop off point for travellers enjoying the superb surrounding countryside & coastal regions. The business is very profitable with a healthy turnover of circa. £112,800 combined turnover & benefits from extremely low overheads with rent payable at only £3,744.00pa. The caf‚ is renowned for offering superb food & exceptional service both for indoor and al fresco dining and in addition our clients have also built up an extremely successful outside catering business offering catering facilities for business lunches, weddings, christenings, funerals, Masonic dinners & furthermore caters for the local rugby club, the conservative club & is a referral point for local social services offering deliveries to OAP's, the infirm & housebound members of the community. This part of the business by the current owners' admission, has huge scope for growth. The Sunday lunches offered in the caf‚ have also been recognised in The Hidden Places of Wales Guide. All in all this is a superb opportunity to take over an already well established & hugely respected business in a beautiful part of North Wales at a very competitive price & therefore early viewing is highly recommended. Gross profit: 65% Stock: £2000. Tenure leasehold. Original length: 10 years. Remaining: 5 years Rent: £3,744.
|
