

Advert ref: 10703
Bag a Business is pleased to offer to the market this thriving, popular, licensed cafe, which was established in 2004 and has been under the proud ownership of our clients since 2008. It is now only reluctantly being offered for sale due to other business commitments. Cafe Brazil is run by our clients with help from three part-time members of staff (average weekly wage bill £400) and achieves an excellent turnover in excess of £140,000, whilst enjoying a gross profit of approximately 70%. The cafe operates as a quality coffee house and offers a wide range of local and continental dishes and appetisers, including sandwiches, panini, pastries, hot snacks, smoothies, wine and cocktails, most of which are home made or sourced from local suppliers. The business benefits from 28-30 covers inside and has permission for 12 covers outside. We feel that this opportunity represents an ideal base for a new owner to build upon, perhaps by opening in the evenings and offering a bistro style menu. This is a rare opportunity to acquire a thriving city centre business and we would therefore highly recommend early viewing.
Property:Leasehold
Lease termsLeasehold Original lease length: 15 years Remaining lease length: 14.5 years Review every 3 years Rent: £27,500 per annum
Living accomodationACCOMMODATION DETAILS Well presented two-storey premises. Briefly comprising: GROUND FLOOR Main restaurant area with 28-30 covers Server over chiller unit Serving counter housing electronic cash register Upright bottle chiller LOWER GROUND FLOOR Well equipped commercial kitchen Preparation area Office Store Toilet FIRST FLOOR Customer toilets EXTERNAL Pedestriansed area allowing alfresco dining
LocationCafe Brazil occupies a prominent position on Church Street, in the heart of Cardiff City centre. Church Street forms part of the pedestrianised shopping area and enjoys a tremendously high footfall, both during the day and at night. The business is surrounded by a wide range of complementary shops, restaurants and bars, and is home to the major office area. The world famous Millennium Stadium is just 100 metres away. Cardiff is a vibrant and cosmopolitan city and has seen massive investment over recent years, and the current multi-million pound St David's 2 Shopping Centre project is expected to increase the street's footfall even further. Cardiff enjoys excellent links, boasting is own mainline railway station and a bus terminals.
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Financial details
Asking price:£104,950
Sales revenue:£160,000
Net profit:Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed
