Popular Coffee Shop in Powys

Llandrindod Wells, Powys
REF: R06455

Asking Price:
£69,950
Annual Turnover:
£125,227
Annual Net Profit:
£27,596
Featured
REF: R06455

Overview

Tenure:
Leasehold
Established:
2016
  • Exceptionally renovated premises
  • Excellent reputation
  • Vast potential to expand
  • Good year round trade
  • Great central location within popular Welsh town

This is an exciting opportunity to take on a busy coffee shop located in Powys, Wales.

Established in 2016, this business has built up an excellent reputation for its great service, wide selection of quality food and drink and high standard of renovation.

Diners can chose from a selection of hot and cold food to eat in or take away which includes homemade cakes, all day breakfast and Sidoli’s ice cream. The café also sells Illy coffee, a recognisable brand which attracts those seeking high quality coffee.

Its superb location and attractive premises make this café an appealing proposition with scope for further growth should a new owner wish to increase revenue. With a star rating of 4.9 on Facebook and good reviews on TripAdvisor, this café is clearly a well-respected, good quality eatery within the local area.

Trading successfully for more than two years, this business operates from an attractive Victorian building and is popular with visitors and locals alike. The café enjoys a high level of repeat business and good year-round trade, with 60% tourists in summer and 90% locals in winter.

Inside the premises there is an ice cream dispensary, a serving area with a counter and a well equipped kitchen to the rear. Overall the café can accommodate 48 diners, with space for 18 on the ground floor and 30 upstairs. There is also a good sized basement with dry storage, a fridge and freezers. Two years ago the café was renovated to a high standard with a £60,000 refitting which included all new equipment, furniture and décor.

If required, the current owner is willing to stay on for a transitional period to provide the new proprietor with a complete handover.

Considering its great location, the business also has very affordable rent and relatively low overheads, which make it an ideal proposition for an experienced catering professional or first time buyer.

Currently the café employs four part time staff, but ideally it would require three at any one time to be fully staffed. The business offers outside catering on demand, and occasionally caters for meetings at the nearby Government Offices. More staff would also allow the café to increase the amount of catering they are able to do, which would have a great impact on turnover. A new owner could also extend the café’s opening hours and expand the menu accordingly.

To widen the business’s exposure, there is scope to increase marketing efforts by introducing a website. The cafe is used as a meeting place for business or social group meetings including mums clubs, rambling groups, scouts and carers as well as other groups so more marketing would help spread the word to other local clubs.

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  • Spa town location
  • Tourist destination
  • High footfall
  • Other businesses nearby
  • Car parking nearby
  • Minimal local competition
Rent
£5,200
Rates
£0
Lease Term
5
Lease Expiry
2021
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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