Established Swansea Coffee Shop/Cafe Business for Sale – Great Location, High Demand, Profitable
Swansea Town, Swansea
- Status
FOR SALE
- Date Submitted:
07/06/22
- Advert ID
296538
- Reference
B06919 / Rightbiz
- Call Agent:
- Leasehold: £55,000
- Turnover: £109,507 (£2,106 Per week)
- Net Profit: £12,005 (11% Profit margin)
Business Details
Extremely well established Cafe & Coffee Shop for sale
BusinessPlease quote reference B06919
CoGoGo are delighted to have been given the opportunity to manage the sale of Gershwins Coffee House which is a well-established Coffee Shop/Cafe with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular, profitable and well used local business in an area teeming with customers.
There has been a food based business at this site since the mid-19th century and it has been named Gershwins since the late 1980’s when it was taken over by a local woman with a real passion for food. The business was inherited by the current owner in 2001 and he has continued with his Mother’s drive and determination to ensure that this is the best Coffee Shop/Café in the area. The business has been a real labour of love for him accruing an impressive number of regular customers and a fantastic reputation, and as of 2022, they won an excellence award.
The business is now being sold, albeit reluctantly and with a heavy heart only due to health issues and a desire to pursue a change in direction. The vendor is keen to see his beloved Coffee Shop/Cafe passed to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.
Gershwins Coffee House enjoys a great reputation and has an impressive number of regular customers many of whom are known on a first name basis by the owner who is a popular and well respected member of the local community.
The business is just a stone’s throw from the Grand Theatre, which means it’s a short walk for visiting performers.
Catherine Zeta Jones, Dirty Den, Paul O’Grady, Melinda Messenger, Windsor Davies, Max Boyce and the All Blacks have all enjoyed a drink at Gershwins!
The business serves traditional fare that is freshly prepared on the premises using seasonal and local ingredients wherever possible.
The menu includes;
- Hot and cold drinks (best coffee in town reputedly!)
- Breakfasts, traditional and vegetarian, served all day
- Sandwiches & Toasties
- Toasted Ciabattas
- A range of main course dishes- fresh from the grill
- Burgers
- Fish dishes
- Homemade classics
- Omelettes
- Jacket Potatoes
- Vegetarian
- Gershwins House Salads
- Lite Bites
- Children’s menu
- Wines & Lagers
- “Lovely staff, food and service, highly recommended “
- “Tasty food, good coffee, chilled atmosphere, low prices”
- “Busy coffee house, right in the city centre. You know it’s good when the locals of all walks of life come here for breakfast. Lovely staff and great set menu with lots of choices. This would be the place if you’re looking to try the Welsh breakfast with Laver and Cockles”
- Advertising and marketing campaign
- Website ideally with an online ordering facility
- Introduce a delivery service which would have a significant effect on turnover
- Extend the opening hours, perhaps opening on Sundays and as a Bistro in the evenings
- Explore the possibility of operating a Sandwich Round delivering to local businesses at lunch times
- Develop an outside catering side to the business.
- A well-established business with an enviable reputation, many existing customers and great visibility on the internet
- Current owner happy to offer a handover to ensure the continued success
- Prime trading position in the centre of the city with loads of footfall
- Ideal owner managed or partnership business
- Lends itself perfectly as a ‘Bolt On’ to an existing food business
- All fixtures, fittings and equipment included making this a real Turnkey business opportunity.
This is definitely not your average coffee house / cafe and is likely to attract considerable interest.
Location
Gershwins Coffee House is located in Swansea.
Swansea is a coastal city and the second largest city of Wales. The city is the twenty fifth largest in the UK and had a population of 300,352 in 2011.
Swansea is home to the DVLA headquarters in Morristown, which employs around 6,000 people in the city. Other major employers in the city are Admiral Group, HSBC, Virgin Media, Swansea Bay University Health Board, BT and Amazon. Virgin Atlantic also maintains its largest worldwide contact centre in Swansea.
The M4 motorway, with junctions 44 to 47, bypasses Swansea, replacing the A48 as the main east-west route. Both the M4 and the A48 connect with Neath, Port Talbot and Cardiff to the east and Carmarthen to the west. The A483 dual carriageway links the city centre with the motorway at junction 42 to the east and junction 47 to the north west.
Swansea railway station is approximately a 15 minute walk from Swansea bus station.
Swansea has a number of pubs, bars, clubs and restaurants and a casino.
Gershwin’s Coffee House is ideally positioned in the centre of the city and sits alongside other complimentary retail businesses, many of which are interesting independents and thus benefits from high levels of footfall and passing trade. The business is beautifully presented and maintained with clear visible signage and distinctive livery.
There are a number of inexpensive, public car parks within easy walking distance of the premises.
Premises
Gershwins occupies two floors of an attractive period property and briefly comprises;
Cafe/Restaurant - Windows and glazed door to front creating a light, airy and inviting interior, generous eating area with high ceilings that enhance the feeling of space even further, lots of original, period detailing including heavily beamed ceiling and exposed brick work, tiled floor, nice quality tables and chairs providing approximately 44 covers (scope to increase), pendant lighting, chalked menu boards, bespoke counter with refrigerated, glass front, Fracino coffee machine, coffee grinder, feature Welsh dresser with shelves and cupboards beneath, archway to.
Kitchen - A generous and comprehensively equipped catering kitchen, vinyl non slip flooring, full extraction system with stainless steel canopy, 6 burner range cooker with oven beneath, 6 pot Bain Marie, Lincat twin basket fryers, 3 compartment stainless steel fridge, 8 compartment toppings bar, 2 microwave ovens, under counter freezer, stainless steel preparation tables.
Wash Up Area - With deep stainless sink and drainer, commercial dish washer, commercial glass washer, stainless steel hand wash basin, stainless steel preparation tables, microwave oven, wall mounted Worcester boiler, wall mounted bug zapper.
First Floor - Further dining area, lovely bright room with windows to front, tile effect floor, feature ceiling fan and coving, nice quality tables and chairs providing approximately 28 covers.
Freezer / Dry Goods Room - Useful store room with window to rear, vinyl flooring, picture rail, freestanding shelving and three chest freezers.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 5 years remaining on the 10 year lease. The rent is £25,750 per annum, with the rates at £5,750 per annum.
Hours
The business hours are -
Monday – 09:00 – 17:30
Tuesday – 09:00 – 17:30
Wednesday – 09:00 – 17:30
Thursday – 09:00 – 17:30
Friday – 09:00 – 17:30
Saturday – 09:00 – 17:30
Sunday - Closed
Staff
We are advised that the business is owner run and managed, with the help of 2 full-time and 3 part-time staff members and casual staff as required.
Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £110,000, with an adjusted net profit in the region of £32,000. Full financials can be made available upon further request.
Please quote reference B06919
Contact Agent
Listing Statistics
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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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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