Hilton Smythe are pleased to have been given the opportunity to manage the sale of Chain House which is a well-established Gourmet Burger and Cocktail Bar with a renowned reputation amongst residents.
This is a superb opportunity to take on a high turnover local business in an area teeming with customers and which offers further scope for improvement.
Chain House was founded by the current owner in early 2018 and the business has been a real labour of love for him, with many regular customers already, a burgeoning reputation, great reviews and future bookings.
Alas this lovely little business is now being sold, albeit reluctantly and with a heavy heart only due to personal reasons. The vendor is keen to see his gourmet burger and Cocktail Bar pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Chain House is a simple but intimate space where great coffee, quality food and classic cocktails are the priority. The business serves a breakfast, lunch and evening menu and prides itself on the quality of its food that is freshly prepared to order on the premises, using local ingredients wherever possible.
The office block 'new taff vale developments' is opening in march 2020 and will see 1300 office workers move less than 100 yards away. It is also the closest food outlet to the Pontypridd's Lido of Wales which is now a major tourist attraction. It also sits directly on Wales busiest cycle route the 'taff trail' and is the only cafe to sit directly on the trail for at least 4 miles in each direction.
All breakfasts are made from organic ingredients from scratch and everything is made in the kitchen, down to the hash browns! With the main meals, the menu changes every week and the business also caters for vegans, an area that is becoming increasingly popular. The business has aimed to bring ‘fine dining’ to the valleys, without being pretentious and in comfortable and relaxing surroundings.
Chain House is proud of its five-star hygiene rating.
The sale will include the company Facebook page and the business enjoys great visibility on the internet with impressive reviews from various websites.
Scope to Improve:
- Advertising and marketing campaign
- Maximise the use of social media
- Website, ideally with an online booking facility
- Extend the opening hours, the business is currently operating three days a week.
- Introduce ice cream sales for passing visitors
- Offer packages such as Champagne breakfasts and working lunches
- Explore online voucher discounters such as group on and Wowcher.
Reasons to Buy:
- A well-established business with an enviable reputation and many regular customers
- Minimal running costs with inexpensive rent and no business rates
- Prime trading position
- Current owner happy to offer a handover to ensure the continued success
- Fully Licensed till 1am and has a reputation for serving cocktails.
- All fixtures and fittings included making this a real ‘Turnkey ‘business opportunity
- Ideal owner managed or partnership business
- New offices being built nearby which will increase footfall considerably
- A real opportunity to increase turnover and profits significantly, the business is currently being run at a pace to suit.
Hilton Smythe highly advise early viewing to avoid disappointment.
This lovely business is likely to attract considerable interest.Location
Chain House is in Pontypridd.
Pontypridd is both the county town of Rhondda Cynon Taf in Wales and a community. Often colloquially known as “Ponty”, it is 12 miles north of Cardiff.
The town sits at the junction of the Rhondda and Taf/Cynon valleys, where the River Rhondda flows into the Taff immediately south of the town at Ynysangharad War Memorial Park.
Pontypridd community had a population of approximately 32,700 according to the census figures gathered in 2011 while Pontypridd Town Ward itself was recorded as having a population of 2,919 also as of 2001.
The town lies alongside the dual carriageway north-south A479, between Cardiff and Merthyr Tydfil. The A4054, running north and south of the town was the former main road, and like the S470, follows the Taff Valley.
South of the town is the A473, for Llantrisant and Pencoed. To the west is the A4058, which follows the River Rhondda to Port and the Rhondda Valley Beyond.
Chain House is ideally positioned in a prominent main raid position and sits alongside other complimentary retail businesses. The business is beautifully presented and fastidiously maintained with clear visible signage and distinctive, upmarket livery.
There is free off-street parking close to the premises and on street parking in the roads and streets surrounding the business.Premises
Chain House occupies two floors of an attractive, period building, is beautifully presented and briefly comprises;
Restaurant / Bar
Seating for 22 and 12 respectively and permission for 4 seats outside. Windows and glazed double doors to front creating a light, airy and inviting interior, pleasing upmarket feel with expensive looking wood effect flooring, banquette seating and nice quality, rustic looking tables and chairs, feature pendant lighting, wood panelling to dado height with ceramic tiling above, bespoke bar area with specially commissioned Venetian plastering, perimeter shelving, mirrored backsplashes, glass fronted drinks chiller, coffee machine, coffee grinder, hand wash basin.
Open Plan Kitchen
Commercial kitchen comprehensively equipped catering kitchen non slip vinyl flooring, full extraction system with stainless steel canopy, Lincat range cooker, 3 compartment stainless steel fridge, Samsung Microwave, induction oven, Hobart dish washer, twin stainless-steel sinks with drainer, tiled splash backs, 2 larder fridges.
There is a shared storage space
Newly fitted customer cloak rooms with newly refurbished bathrooms.
Lower ground Floor
To the lower ground floor is an intimate seating and dining area.
With perimeter shelving and floor storage space.Tenure
We are advised that Chain House is being sold as a leasehold business opportunity.
The existing lease has approximately 4 years remaining, and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The current rent is £8496 per annum which is reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.Hours
The business is currently being run on limited hours due to personal issues.
Friday 09.00 – 23.00
Saturday 09.00 – 23.00
Sunday 11.30 – 17.00Staff
Chain House is run and managed by our client with the help of four part time members of staff and one full time member of staff.Financial Profile
Chain House generates an advised current turnover of circa £151,000 with a gross profit of approximately 70%.
It needs to be appreciated that the business is currently being run at a pace to suit and has enjoyed higher turnover previously. An experienced operator should expect to see turnover and profits increase quite quickly.