Top-Rated Cafe/Tearoom in Lampeter's High Street - University Town of West Wales, 60+ Covers
Lampeter, Ceredigion
- Status
FOR SALE
- Date Submitted:
24/06/21
- Advert ID
278712
- Leasehold: £75,000
- Rent: £10,000
- Turnover: £190,000 (£3,654 Per week)
- Net Profit: £50,000 (27% Profit margin)
Key Features
- Retirement Sale
- Town Centre location
- Split Level Trading Area
- Open Plan Trading Area
- New Lease
- Adjacent to Multiple Retailers
- Company for Sale
- Close to Local Amenities
- Fully Fitted
- Unique Business
- Owner Financed
- Attractive Business
- Established Business
- Prime Location
Business Details
Popular Cafe Tearoom High Street Location in the University Town of Lampeter West Wales
Cafe/tearoom for sale in a popular high street location in a University town in West Wales. Excellent local and tourists trade. Over 60 covers with all tables well spaced and an atmosphere of the 1930s and '40s. The cafe/ tearoom has a great reputation and Tripadvisor just awarded it in the top 10% of restaurants. Tremendous potential to open in the evenings. The landlord is excellent. The cafe is large and on two levels with Georgian bow-fronted double windows to the front on either side of the entrance door. Facilities already exist to cater for the disabled. Two large well kept toilets which also have baby changing facilities. A well fitted out kitchen with all utensils, cutlery and ceramics included in the sale. 5-star hygiene rated cafe/ tearoom up and running with a fantastic client base. Further scope to increase turnover. Lease £10,000 a year currently. Gas, electricity, mains water, telephone and free wi-fi for customers. All of our staff wear aprons and headscarves and the Cafe has a feel of those wonderful days in Granny's house. Excellent hardworking, reliable and experienced staff members.
Owner to retire. If interested, take a look at our website and check Granny's Kitchen out on Tripadvisor why not call in for a great cup of Barista coffee and a delicious piece of Granny's cake.
This is a well-established business with a great atmosphere and excellent reputation. A wonderful lifestyle is waiting here if you are not afraid of hard work. Granny's Kitchen is open seven days a week.
Serious offers considered.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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