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Beautifully Presented Restaurant On Water Front

Swansea Town, Swansea
Leasehold Price:
£139,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
226526
Reference
B04567 / Rightbiz
07429000019

Details

Business
Hilton Smythe are delighted to present to the market Mustard and Rye.

Established just under 3 years ago and taken over by our client 1 year ago, and now offered for sale due to our clients’ other business interests.

Mustard and Rye is a beautifully decorated Restaurant/Café/Bar, based in a prominent marina location between the local marina and beach water front.

The premises boast a full commercial kitchen under 2 years old in immaculate condition as well as a fully functional cocktail bar.

The premises also include an additional mezzanine floor for 20 covers and a stage area for live music etc the venue has excellent potential for a range of operations.

The business has 85 cover seated/125 standing capacity.

Mezzanine floor can be extended to add 25-30 covers to the upstairs and create a small office unit to the downstairs that can be rented for circa £8k per annum.

The venue boasts a strong function trade with a perfect layout for both restaurant or bar facilities. The restaurant is situated conveniently for the current redevelopment plans for the city centre within 250 yards of a new digital arena planned.

This is a fantastic opportunity for a hands-on purchaser. The café would be an ideal purchase for a partnership team or someone within the industry.

The property comes fully equipped and ready to run. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
Mustard and Rye situated Just off from the busy A4067 in the beautiful harbor of Tawe Basin within Swansea.

Swansea is the second largest city in Wales having easy access to the Gower peninsula.

The city and County area of Swansea had a population of over 241,000 in 2014.

The area is very well served by the M4 motorway, giving easy access to all surrounding areas.

Premises
Beautifully presented frontage with large windows and good signage.

The premises boast a full commercial kitchen under 2 years old in immaculate condition as well as a fully functional cocktail bar.

The premises also include an additional mezzanine floor for 20 covers and a stage area for live music etc. the venue has excellent potential for a range of operations.

Equipment:

•Epos till
•Fridges
•Freezers
•Cocktail station
•All restaurant equipment

Tenure
We are advised the business is being sold as a Leasehold.

New Lease to be agreed with buyer

Hours
Monday12.00 pm–11.00 pm
Tuesday12.00 pm – 11.00 pm
Wednesday12.00 pm – 11.00 pm
Thursday12.00 pm – 11.00 pm
Friday12.00 pm – 1.00 am
Saturday12.00 pm – 1.00 am
Sunday12.00 pm – 11pm

Staff
The business is run but our client with the help of 3 part time members of staff.

Financial Profile
Mustard and Rye generated an advised turnover of circa £260,000 as of the 2018 accounts, with a NET profit of £55,000



£139,950
Listing Details
Leasehold Price: £139,950
Tenure: Leasehold
Marketed By: Hilton Smythe
Sector: Restaurants
Financials
Annual Turnover: £260,000
Key Features
  • Attractive Business
  • Company for Sale
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