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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Takeaway & Guest House in Major Tourist Location

Cardiff Town, Cardiff
Leasehold Price:
£289,000
Status
SOLD / WITHDRAWN
Advert ID
237547
Reference
5686 / Rightbiz

Details

    Long Established With Great Customer Base

    Combined Turnover £478,000

    Huge Scope For Expansion With Addition Of Online Sales

    Luxurious 10 Bedroom Guest House

    Excellently Located In Bustling Central Cardiff Trade Area

    Two Buildings Included In Sale

    EPC - D

Description:
REF 5686 – Takeaway and Guest House
Blacks Business Brokers are delighted to bring to the market this exceptional leasehold takeaway and beautiful guest house situated in the City of Cardiff.

INTRODUCTION
Chicken Cottage and Millennium Lodge has been trading on St Mary Street since 1997 and our client acquired the proposition in 2016. Cardiff is the capital and largest city in Wales and the eleventh-largest city in the United Kingdom. Cardiff is a significant tourist centre and the most popular visitor destination in Wales with approximately 18 million visitors each year making this a rare and exciting opportunity to take over both an excellently performing takeaway and deluxe guest house in the heart of the tourist district.

LOCATION
Chicken Cottage and Millennium Lodge benefits from an impressive and busy city centre location attracting an outstanding amount of footfall.

REASON FOR SALE
The business is only being made available for sale due to our clients’ other business interests and therefore this has created and exciting opportunity for a new owner to enjoy.

LEASE
The two buildings that make up this opportunity have a competitive combined city centre rent on a FRI (Full Repairing and Insuring) lease. The lease started in 2015 on a 15 year basis.

BUILDING LAYOUT AND DESIGN
Chicken Cottage and Millennium Lodge is situated above the takeaway located within Cardiff’s City Centre and is in easy walking distance from Cardiff Castle, The Millennium Stadium and Cardiff Bay. The business is located within the City Centre’s pedestrianised area surrounded by major national and high end international retail chains.

Externally the property is an ornate 5 story building with basement. This terraced property is single fronted and delivers an impressive first impression within a parade.

It is brightly lit and beautifully presented and the restaurant can accommodate seating for 24 in groups of 2 with a central walk way leading to the customer service counter at the rear with four flat screen overhead menu displays above. To the rear is a spacious kitchen and a preparation area which includes a large walk-in cold room. In the basement is an office and staff room facilities.

The Millennium Lodge is situated on the 4 floors above the restaurant and enjoys independent access at street level. Millennium Lodge is a 10 room guest house comprising of 1 family room, 5 double rooms and 4 singles. All of the rooms have en-suite bathrooms.

Rooms are currently managed by another hotel close by and guests can enjoy their facilities to have breakfast should they wish to do so at an additional cost. There is no domestic accommodation

STAFF
Our clients are assisted in the business by 6 additional members of staff, 4 full time and 2 part time.

FINANCIAL DETAILS
Financially the income is split over the two propositions with Chicken Cottage providing 71% of the revenue and Millennium Lodge contributing the remainder. Profit figures will be available upon viewing.

SUMMARY
This is an exciting opportunity to acquire a takeaway/restaurant and a 10 bedroom hotel located in the heart Cardiff’s City Centre. The restaurant/takeaway was refurbished in 2016 and branded Chicken Cottage. Chicken Cottage is part of a franchised group and as such an additional franchise fee of £15,000+vat will be payable but the monthly royalty fees are a flat based fee of £250+vat per month.
The business attracts tourists, football and rugby fans all year round. Currently the Millennium Lodge has a website but that does not feature online bookings, this addition could certainly increase turnover and convenience. This is a lucrative opportunity and early viewings are advised.

Fixtures & Fittings:
3 Fryers
Large Grill
Small Grill
Rational Oven
Microwave
HTW Heated Display Unit
3 Till Systems
2 Small Fridges
Upright Freezer
Cold Room
Freezer Room
2 Small Prep Tables
Heated Cabinet
3 Sinks
Tables & Chairs
4 Digital Menu Display Boards
Large Air Conditioner


Opening Hours:
TAKE AWAYSUN - THUR: 11:00 - 00:00FRI & SAT: 11:00 - 04:00GUEST HOUSE24/7


Weekly Rent:
£1,080 Combined Per Week.
Seller Details
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Listing Details
Leasehold Price: £289,000
Tenure: Leasehold
Location: Cardiff Town, Cardiff
Sector: Fast Food Businesses, Sandwich Shops
Financials
Annual Turnover: £478,000
Energy Performance Certificate (EPC)
Location Statistics
What's nearbyi:
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ATM (approx. 0.1 mile)
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