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Property Listing Details

Restaurant/cafe for sale

Crwys Road, Cathays, Cardiff CF24

  • Sold subject to contract

£25,000

Property details

Listing view statistics

Last 30 days: 3 page views

Since listed: 94 page views

Description

Business
Hilton Smythe welcomes to the market this busy café/restaurant/takeaway, with up to 40 covers in this popular location, very close to the centre of the vibrant city of Cardiff and the student area.

It is a trendy café which specialises in Cheesy eats and specially made treats including special cookies, see the website at . They also have a full alcohol license and hold regular events such as fondue and music evenings, advertised on Facebook, twitter, Instagram and Google.

We believe from the owner that the business is turning over around £5,000 per month, with these levels increasing all the time. They have recently gone onboard with Deliveroo and Uber eats which is also helping with these figures. You could increase the opening hours, offer more events and use the basement space fully, to drive the business forward and take it to the next level.

An internal inspection is very highly recommended to appreciate the space and potential on offer, to grow this business into the future.

Location
Munches is situated in a very busy commercial and residential location, with good student footfall, just over a mile from the centre on Cardiff.

Cardiff is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. The city is the country's chief commercial centre, the base for most national cultural and sporting institutions, the Welsh national media, and the seat of the National Assembly for Wales.

The unitary authority area's mid-2011 population was estimated to be 346,100, while the population of the Larger Urban Zone was estimated at 861,400 in 2009. Cardiff is also a significant tourist centre and the most popular visitor destination in Wales with 18.3 million visitors in 2010.

In 2011, Cardiff was ranked sixth in the world in National Geographic's alternative tourist destinations. All of this adds to Cardiff being a very desirable location, with commercial property being in much demand.

The current owner has run the business since July 2017, but now due to a change in circumstances is looking to relocate back to his home town.

Premises
These are easily managed premises with the main restaurant on the ground floor with up to 40 covers, serving counter, disabled WC and good sized commercial kitchen. Also, you have a good-sized basement with main room idea as further restaurant/entertainment area etc, office and store room.

The business is being sold with a range of good quality equipment to include:
Bar fridge
3 Other fridges
Coffee machine
2 Chest freezers
Microwave,
2 x 6 plate gas cookers
Baking oven
Double deep fat fryer
Cool top fridge
Upright commercial fridge
3 Further fridges
Tables and chairs for up to 40 covers
Cutlery
Crockery and more.

The business also comes with a CCTV and security system, electric heating and a Blue tooth speaker system.

Viewing is a must to appreciate what’s of offer.

Tenure
We are advised that the business is being sold as a leasehold opportunity, on a 10-year lease with a rent of £12,000 per annum.

Hours
Monday Closed
Tuesday 5:00 p.M. To 11.00 p.M.
Wednesday 5:00 p.M. To 11.00 p.M.
Thursday 5:00 p.M. To 11:00 p.M.
Friday 11.00 a.M. To 11:00 p.M.
Saturday 11.00 a.M. To 11:00 p.M.
Sunday 11:00 a.M. To 5:00 p.M.

Staff
The business is currently run by the owners and 6 part time members of staff.

Financial Profile
Since opening the business in July 2017, we understand that the business has been turning over in the region of £5,000 per month and is getting busier and growing all the time.

According to the voa website the current rateable value is £3,900, however the owners inform me that they benefit from small business rate relief, so have no rates to pay.

Map & Nearby

Local Amenities

  • Cathays 0.4 miles
  • Cardiff Queen Street 0.9 miles
  • Roath Park Primary School 0.3 miles
  • Albany Primary School 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Cathays 0.4 miles
  • Cardiff Queen Street 0.9 miles
  • Roath Park Primary School 0.3 miles
  • Albany Primary School 0.3 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Hilton Smythe Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information.