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Restaurant/cafe for sale

£39,950

Unit 7, Ross-On-Wye HR9

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Property description

Business
Hilton Smythe welcomes to the market Cafe Eazz. The business is a vibrant and busy cafe, which is well known in the area and has many loyal customers.

The cafe offers both hot and cold foods with a wide range of baguettes, breakfast’s and wholesome main meals. The business occupies a lovely courtyard location with inside and outside seating.

The cafe is a family run lifestyle business which makes a healthy profit, however this could be much improved with longer opening hours during the week to include evenings and longer weekend openings including Sundays. They also close the business for 2 weeks every year for holidays.

Business could also be improved by obtaining an alcohol license for evenings in particular, and by extending the menu and introducing new drinks such as milkshakes, frappes etc.

Viewing is a must to appreciate the quality and friendly cafe on offer, see Trip Advisor for great comments and reviews. It also has its own Facebook page, being very much part of the community.

The cafe has been run by the current owner for 5 years, who is now looking to pursue other business interests.

Location
Cafe Eazz is situated in the town of Ross-on-Wye in an attractive courtyard location. There are several businesses in this location, the main high street is within walking distance; with ample retail outlets both large well-known brands and independent stores.

Ross-on-Wye is a beautiful location with scenic countryside and historic buildings; a popular location for walkers, cyclists and hikers. The town is a well-known market town set on the River Wye. This is a small town which had a population of circa 9,574 as of the 2011 census.

Ross-on-Wye is just minutes away from the A40 an arterial a-road that connects to the M50 motorway network linking up to the M5 for access to all surrounding areas.

The town is just 30 minutes away from Hereford, an easy commute using the great road links and generous public transport. There are bus stops a short walk away, these have regular routes into Gloucester, Hereford and Monmouth.
Premises
These are easily managed premises covering 107.3 sqm on the ground floor, offering cafe area with tables, chairs and sofas for up to 30 covers, together with outside seating for a further 12 people in a lovely courtyard setting.

Serving counter, till, ambient cake display fridge, coffee machine and grinder, small drinks fridge, double door under counter chiller, ice machine and hot water urn.

Disabled WC with baby changing, store room/office.

Spacious commercial kitchen with equipment to include, panini machine, microwaves, double solid top grill, 2 deep fat fryers, salamander grill, deep freeze, fridge, 2 dishwashers, washing machine, 4 plate stove and stainless steel preparation table.

The kitchen offers gas and electric supply and has a separate door giving access to the side.

The property also offers various shelving and racking, a small built in cupboard and gas central heating.
Tenure
We are advised that the business is being sold as a leasehold opportunity, with a recently renewed 5-year lease. The rent payable is £10,200 per annum. There is also a service charge for maintenance of the courtyard which will be no more than £2,100 per annum.

According to the voa website the current rateable value is £7,700, however the owners inform me that they benefit from small business rate relief.
Hours
Monday 9:30 a.M. To 3:30 p.M.

Tuesday 9:30 a.M. To 3:30 p.M.

Wednesday 9:30 a.M. To 3:30 p.M.

Thursday 9:30 a.M. To 3:30p.M.

Friday 9:30 a.M. To 3:30 p.M.

Saturday 9:30 a.M. To 3:30 p.M.

Sunday closed



staff
The business is currently run by the owner and his family and 1 part time member of staff.
Financial profile
We believe from the owners that the business turned over £52,363 for the year to March 2017 with a gross profit of £44,131 and a healthy net profit.

What Zoopla users think of Ross-on-Wye

Overall rating:

  • currently 3.5 stars
Good - 72% (24 ratings)

Ratings breakdown:

  • currently stars
Community & safety
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Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
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Community & safety
  • currently stars
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  • 5
Entertainment & nightlife
  • currently stars
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  • 5
Parks & recreation
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  • 1
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  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 5
Schools & public services
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Transport & travel
  • currently stars
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Nearby transport

  • Ledbury (11.2 miles)
  • Hereford (11.5 miles)
  • Lydney (14.0 miles)
  • Bristol Airport (37.3 miles)
  • Cardiff Airport (48.5 miles)
  • Birmingham International Airport (51.4 miles)
  • Sharpness Old Docks (13.8 miles)
  • Lydney Harbour (14.5 miles)
  • Bristol Docks Ferry Landing (28.9 miles)

Nearby schools

View all schools in Herefordshire
  • St Joseph's RC Primary School (0.4 miles)
  • Ashfield Park Primary School (0.4 miles)
  • Brampton Abbotts CofE Primary School (0.6 miles)
  • Hereford College of Arts (11.2 miles)
  • Herefordshire & Ludlow College (11.3 miles)
  • Hereford Sixth Form College (11.4 miles)
  • John Kyrle High School and Sixth Form Centre Academy (0.7 miles)
  • Dene Magna School (5.7 miles)
  • The Forest High School (7.1 miles)
Note: Distances are straight line measurements

Local info for Herefordshire

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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