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High Footfall Leasehold Café in Chepstow, Monmouthshire For Sale

Chepstow, Monmouthshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    13/03/24

  • Advert ID

    608171

  • Reference

    2895 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £49,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Leasehold Café Located In Chepstow

Leasehold Café Located In Chepstow
Ratings / Google 4.5 / Facebook 4.4
Ref 2895

Location
This delightful Cafe is located in the town of Chepstow which lies in the county of Monmouthshire. Situated within a prominent and highly visible trading position on Beaufort Square which is on the main throughfare within the town. Chepstow offers an array of large national retailers along with independent retailers, bars, cafes and restaurants all of which bring high levels of footfall to the High Street. The town is (1.8 miles) from the M48 motorway which provides access to Newport, Cardiff and Bristol via the original Severn crossing while the A48 connects Chepstow to Sedbury and beyond. Chepstow is well serviced by train and bus services and has plenty of public car parks.

Leasehold Asking Price: £49,950 plus SAV (£600)

Business Description
Veritas Business Sales are privileged to offer to the market this respected Café which is located in Chepstow town centre. The business was established by our clients back in September 2021 they are now offering the Café for sale so that they can enjoy a well deserved retirement.
Since ownership they have refurbished, redecorated and invested in new equipment along with fixtures & fittings which are all bought and paid for (except the coffee machine which is on lease) and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Ugly Mug Café is owner operated with the help of 1 full time and 4/5 part time members of staff and has an average weekly turnover of circa £4,500. They serve cooked English breakfasts, vegetarian breakfasts, breakfast baps, jacket potatoes, freshly cut sandwiches, toasties, paninis, daily specials, chips, salads, specialist coffees, teas and cold drinks. All fayre is freshly prepared on site to order using only the finest local produce.
We believe that there is potential to increase trade should you wish by extending the current opening times. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passing tourists. This is a superb opportunity to purchase a turnkey café which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – Sunday – 9:00am – 3:00pm

Leasehold
Term: 10 years
Remaining: 4 years
Rent: £12,000 pa
Business Rates: £300 pa

Ground Floor
Cafe comprising: tables and chairs to cover (27), 2 baby high chairs, upright drinks fridge, wall mounted menu blackboard, sales counter with EPOS till system, worktop with base units, 3 x cake display containers, worktop with base units, espresso coffee machine (Astoria), filter coffee machine (Novo), coffee grinder (Helios), hot water urn (Istanta), stainless steel wash basin with electric water heater (Triton), wall mounted soap dispenser, wall mounted menu blackboard, undercounter fridge (Hotpoint), saladette with 3 door undercounter fridge (Polar), undercounter freezer (Polar) and small countertop freezer.
Raised level with upright freezer (Beko), upright freezer (Amica), tabletop freezer (Haler) and 2 x wall mounted shelves.
Kitchen comprising: stainless steel table with commercial can opener, microwave (Sharp), metal shelf, stainless steel table with panini press (Buffalo), hotplate, 4 ring electric hob/oven, extraction hood, stainless steel table with grill (Buffalo), deep fat fryer (Buffalo), extraction hood, 2 x microwaves (Sansung), 4 slice toaster, worktop, wash basin, upright fridge/freezer, upright fridge (Beko) small countertop freezer, insect zapper, and wall mounted paper towel dispenser.
Pot wash area with dual stainless steel sink with directional hose, dishwasher (SDE) and wall mounted metal shelf.
Staff W/C with wash basin, wall mounted soap dispenser, wall mounted paper towel dispenser and water heater (Triton).
Customer W/C with wash basin.
Hallway with fire exit.

External
Frontage with tables and chairs to cover (14) and bin area. Rear parking for (1).

EPC Rating D


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Stay Safe

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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