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Popular Tea Room & Cocktail Bar In Prestatyn

Prestatyn, Denbighshire
Leasehold Price:
£45,000
Status
FOR SALE
Advert ID
252319
Reference
7008 / Rightbiz
    Town Centre Trading Location

    Annual Turnover £85,000

    £10,000 Investment In 2019

    Accounts Available After Viewing

    Scope To Introduce Sunday & Monday Trading

    Close To Large Multiples

    Alcohol Licence In Place

    Customer Seating For 40/Outside Seating For 44

    Scope to Increase Weekday Evening Trading

    Excellent Social Media Presence

    Comprehensive Website

    Superb Online Reviews

    Scope To Expand Into First Floor

    Rent £192 Per Week

    EPC - D

Description:
REF 6576 – Leasehold Tea Room & Cocktail Bar
Blacks Business Brokers are pleased to bring to the market this leasehold adult only tea room and cocktail bar located in the much sought-after area of Prestatyn, Clwyd.

INTRODUCTION
Vintage Sugar has been trading on Meliden Road since 2016. This fully licensed Tea Room has a south facing garden area to the rear that is extremely popular in the summer. It is also the only cocktail bar in the local area. Our client has introduced a range of exclusive cocktails designed in house and these have proved very popular with regulars. Vintage Sugar has a very strong social media presence with over 4,700 Facebook followers and an optimised website which is included in the sale. Facebook also generates around thirty bookings per week. The website generates around fifteen enquiries/bookings per week and Instagram three or four per week. The business has an array of superb reviews noted on various website including Trip Advisor, Ladies That Lunch and Google.

LOCATION
Vintage Sugar is positioned within a busy and prominent shopping parade close to Prestatyn’s popular High Street. Other local businesses range from independent retailers to large multiples including Tesco, Aldi and The Post Office. Prestatyn is well linked by the A548 and A55, the town has superb public transport links and parking is available in the immediate vicinity.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator, however due to the demands of our client's other business interests being higher than anticipated, the business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is three years and began in 2019 at a cost of only £192 per week.

STAFF
The business is currently operating with five casual members of staff.

FINANCIAL DETAILS
Vintage Sugar has traded solidly since opening. The business currently has annual turnover of £85,000. Full financial details are available upon viewing.

SUMMARY
This leasehold business occupies an enviable trading position in a busy area of Prestatyn, has a large base of regular customers and a superb reputation. Our client has secured an excellent online and social media presence and created a great general knowledge of this business in the local and surrounding area. There is plenty of scope to develop the business further with the introduction of later opening during the week and new weekend opening for cocktail nights. The business is currently closed on Sundays, opening only for private parties – this could also be altered. There is also potential to convert the first floor space into a secondary dining area or function room to cater for the private parties, or this could be used for staff or owners accommodation. 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.

Accomodation:
Vintage Sugar occupies a large, mid terraced property within a busy parade of shops. The business is very well branded with large signage displayed above a matching frontage. To the front of the business there is al-fresco seating available for forty four. Inside, the main dining area is beautifully presented with a traditional yet quirky feel. This area offers seating for around forty. The servery area features a custom made counter fitted with Barista coffee machine, coffee grinder, cocktail making equipment and much more. Behind the counter/servery area is a professionally equipped commercial kitchen. This is fitted with stainless steel worktops, commercial fryer, commercial dishwasher and a range of pans, utensils, plates and so on.

The first floor comprises of a second kitchen which was previously used just for preparation, this has now been converted to a fully equipped kitchen and is now used for the majority of baking. There are also staff toilet facilities and a number of storage rooms. Currently, this floor is used to support the business, however it was previously used as owners accommodation and could easily be converted back to accommodation if preferred.

To the rear of the property is a large, enclosed back garden. This is south facing and can offer additional dining space in the finer months.

Opening Hours:
Sun & Mon - ClosedTues- Thur - 11.00am to 3.30pmFri - Sat - 11.00am to 10.00pm


Weekly Rent:
£192 Per Week. Weekly Rent:
£192 Per Week.
Listing Details
Leasehold Price: £45,000
Tenure: Leasehold
Location: Prestatyn, Denbighshire
Sector: Cafes, Tea Rooms
Financials
Annual Turnover: £85,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 7008 / Rightbiz
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Within 1 milei:
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