Restaurant/cafe for sale in Bank Place, High Street, Holywell CH8

£54,950
Restaurant/cafe for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property description

Ref 7328 – Leasehold Tea Room
Blacks Brokers are pleased to bring to the market this leasehold tea room located in Holywell, Clwyd.


Introduction


Kassidy’s Tea Room was established by our client in this busy area of Holywell in 2006. The business offers a range of freshly prepared English dishes, coffees, cakes and roast dinners. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Facebook, Trip Advisor and Google. At present, the business has no website but does have a good social media presence.


Location


Kassidy’s Tea Room occupies a high street trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Tesco, Home Bargains and Santander. There are also a number of car parks and other local amenities nearby. The area is well linked by the A55 with very strong public transport links and parking is available in the surrounding area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease is a six year lease which began in 2017 at a cost of only £115 per week. We are advised that a new lease can be negotiated with the landlord if preferred.


Staff


The business operates with six part time staff in employment supporting our client working on a full time basis.


Financial details


Kassidy’s Tea Room has traded solidly since opening and our client has established a strong repeat customer base. The accounts Year End 31st March 2020 show that the business has an annual turnover of £81,478 and gross profit of £54,829. Full financial information is available upon request.


Summary


This well respected and long established business occupies an enviable trading position in a busy area of Holywell. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu choices and longer opening hours, reintroducing outside catering, possibly evening opening with the application for an alcohol licence. A website and delivery service could also prove beneficial for a new owner. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £54,950.

Please quote ref: 7328

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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