Homebase Property Management
Tel: 01491 824 470
Ground Floor
1 Market Place
Wallingford
OX10 0EG
St Marys Street, Wallingford
Guide price £500,000
Retail
- Sought after location
- Historic market town
- Popular cafe
A character property with with popular cafe, situated in a historic market town.
Description
Nestled in the heart of Wallingford on St Marys Street, this exceptional Grade II listed retail unit property presents a unique opportunity for prospective buyers. With its charming historical features and prime location, this freehold property is not only a delightful space but also includes a well-established café business that has garnered a loyal customer base.
The café, known for its inviting atmosphere and quality offerings, has become a popular destination for both locals and visitors alike. This thriving business provides an excellent platform for continued success, making it an attractive investment for those looking to enter the hospitality sector or expand their current portfolio.
The property itself boasts a characterful façade that reflects the rich heritage of the area, ensuring it stands out in the bustling market town of Wallingford. Its strategic position on a busy street guarantees high foot traffic, further enhancing the potential for growth and profitability.
This is a rare chance to acquire a freehold property that combines both a charming retail space and a successful business in one of Oxfordshire's most picturesque towns. Whether you are an experienced entrepreneur or a first-time buyer, this opportunity is not to be missed. Embrace the chance to own a piece of Wallingford's vibrant community while enjoying the benefits of a well-established café.
Breakdown of sale:
Freehold - £350,000
Business - £150,000
Rateable value listed on .gov website £22,750 (1 April 2023 to present)
Business Overview
Bean & Brew has been a beloved local establishment for over 10 years, providing high-quality coffee, tea, and a variety of food offerings. The business is known for its cozy atmosphere, friendly staff, and commitment to excellent customer service. It caters for walkers, locals, dog-owners, families (particularly in school holidays) and tourists alike.
Financial Performance
2023-4 EOY shows £259,000 takings. Profit has paid an annual £20K loan, plus £25K discretionary earnings to the current owners (not working IN the business). Add-backs include £5K of travel expenses, hotels and food. The balance sheet has also supported acquisition of new equipment, fixtures and fittings. Net profit with sellers discretionary earnings and add-backs = approximately £50K .
Pre-approved eligibility for the Company to borrow £32K if required
Reason for Sale
Owner's decision to pursue other existing business ventures geographically closer in Sussex
Business Sale Includes
Business assets, including equipment, inventory, and goodwill (pavement & premises licence)
Protected 1954 Leasehold interest in the premises, providing a secure and established trading location
Training and transfer of business operations, ensuring a smooth transition for the new owner.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Property data and search facilities supplied by www.vebra.com