Popular Cafe & Sandwich Bar in Wells, Somerset

Wells, Somerset
REF: 04451

Asking Price:
£59,000
Annual Turnover:
£182,000
Annual Net Profit:
£16,191
Reduced
Recently Sold
REF: 04451
Photo of Popular Cafe & Sandwich Bar in Wells, Somerset
Photo of Popular Cafe & Sandwich Bar in Wells, Somerset
Photo of Popular Cafe & Sandwich Bar in Wells, Somerset
Photo of Popular Cafe & Sandwich Bar in Wells, Somerset

Overview

Tenure:
Leasehold
Established:
2002
  • Prime central location in Cathedral City
  • Excellent reputation
  • 5* hygiene rating
  • Plenty of scope to grow
  • Willing to negotiate

This is an excellent opportunity to acquire a thriving family-run café and sandwich bar which benefits from an excellent location close to a high street in a busy tourist area.
The business enjoys trade year-round, with an established local customer base. The current owner also undertakes some outside catering.
The business further benefits from a 5* hygiene rating and excellent reviews on both Facebook and TripAdvisor.
There is plenty of potential for a new owner to further build on this success and take the business to the next level.

The business trades as a 32-cover café and sandwich bar. Customers can eat in or take away. The café serves all-day breakfast, locally-sourced, home-cooked meals, sandwiches and cream teas, etc. The current owner also undertakes outside catering, such as birthdays, wakes and christenings.
Customers enter the extremely clean premises through the front door of the three-storey 19th century building. Externally, the building has strong kerb appeal, with whitewashed brickwork, bay windows and a tiled roof. Internally, the refurbished premises feature wood floors, modern light fixtures and painted wood-panelled walls.

The layout consists of a main seating area and sandwich bar. To the rear, there is access to a courtyard, washroom facilities and storage space.

The current owner promotes the business through social media and also participates in charity events to help raise the local profile. The business gets a very large footfall and is situated near a bus station.

The business currently trades 8.30am to 4.30pm Monday to Saturday. It opens on Sundays during the summer months to maximise tourist trade. They serve a very popular Sunday lunch. Turnover is in the region of £3,500 a week.

Intelligent Business Transfer is pleased to offer for sale this successful family-run café and sandwich bar that benefits from a prime location, excellent reputation and lots of potential to grow.
Established for over a decade, the business enjoys strong year-round footfall, seasonal peaks and a loyal customer base. It also benefits from a 5* hygiene rating, with all staff trained in food hygiene and some also trained in first-aid and dementia awareness. The latest owner has recently refurbished the premises to a high standard at considerable expense, so the new owner can be up and running from day one.

In addition to summer tourist trade, the business enjoys a loyal and diverse customer base, from seniors through to teenagers and families.

Opportunities for the new owner to build on the current owner’s considerable success include further exploiting the potential to offer outside catering. The business could also benefit from additional marketing activities, including local advertising and a dedicated business website.

The current owner has indicated a willingness to stay on for a transitional period of up to two weeks to help the new owner get up to speed with the business.
Intelligent Business Transfer has been requested to find a suitable buyer.

Features

Online Presence

Website: Face Book Page

Location

Property

Annual Rent
£9,180
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

Refine

Miles
£
£
£
£
Timed popup