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Popular Delicatessen And Licenced Brasserie In Llandudno For Sale

Llandudno, Conwy, UK
Asking Price:
£170,000 Furniture / Fixtures included
Sales Revenue:
£294,315
Cash Flow:
Available on request

Established Since 1956
Annual Turnover £294,315 YE 31/03/2017
Gross Profit £286,328 YE 31/03/2017
Based Within Two Elegant Properties
Potential Accommodation
Excellent Reviews Noted Online
0.1 Mile Walk To The Beach
Popular Tourist Destination
Enviable Trading Location
EPC - F

REF 6016 – Leasehold Food Hall & Brasserie

Blacks Brokers are proud to bring to the market this leasehold food hall and brasserie located in the busy and much sought-after area of Llandudno, Clwyd.

INTRODUCTION

The Hambone Food Hall & Brasserie has been trading on Lloyd Street since 2007, yet the business has been trading since 1956 from other premises. In 2007 the Food Hall was opened, and the brasserie followed in 2011. The business has been in our client’s family since opening and has gained a huge customer base and a reputation second to none.

LOCATION

The business is positioned close to the corner of Lloyd Street and Mostyn Street at the centre of the town. This area is densely populated commercially, with many high street multiples in the area. This area is popular all year-round with many local customers and much tourist trade in the finer months. Parking is available directly outside and public transport links are excellent.

REASON FOR SALE

The Hambone Food Hall & Brasserie is only being offered for sale as our client has other business and family commitments and a lack of time to commit to this business due to it’s popularity.

LEASE

The Hambone Food Hall & Brasserie occupies number 3 and number 5 Lloyd Street.

Both buildings are available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease.

For number 3; The current lease is 15 years with rent reviews every 5. The current lease began in 2003 at a cost of £692 per week.

For number 5; The current lease is 18 years with rent reviews every 5. The current lease began in 2011 at a cost of £385 per week.

BUILDING LAYOUT AND DESIGN

The Hambone Food Hall & Brasserie is housed within two, large, double fronted combined properties each with its own front entrances. Both units display clear and well-maintained signage and branding.
Number 3 houses the food hall and delicatessen, this is well-presented and finished to a high standard with refrigerated deli counter in place along with good quality equipment, fixtures and fittings. On the first floor is a private office, staff room and toilet. The second floor has a large former one-bedroom flat with kitchen and bathroom and the third floor has potential for a two-bedroom flat.
Number 5 houses the brasserie. This is also very well-presented with seating for 60, tiled flooring throughout and a fully licenced bar area. To the rear is a professional catering kitchen complete with grills, catering ovens, fryers and much more.
Additionally, there are ladies, gents and disabled toilets in place and a large storeroom.
Both units have large cellars, currently used for storage.

STAFF

To be confirmed.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annul turnover of £294,315 with gross profits of £286,328

SUMMARY

This leasehold business is a refreshing mix of both food hall and brasserie and it delivers impressive weekly takings from both income streams. There is plenty of scope to develop the business further and there are even more income opportunities through the utilisation or leasing of space within this impressive and sizeable building along with opportunities for late night opening and additional cuisine introduction. 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.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - SUN: 08:00 - 17:00 - Winter
SUN - WED: 07:30 - 19:30 - In Season
THU - SAT: 07:30 - 22:00 - In Season

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