Restaurant/cafe for sale in Uplands Crescent, Swansea SA2

Location
Situated on Uplands Crescent, this property is conveniently located and benefits from high levels of footfall. The Uplands is densely populated by residential property occupied by students and neighbours include a mix of local and national covenants i.e. Tesco, Starbucks, Burger King etc.

The Business
The business has been known as its current trading name for 30 years and is regarded as one of the cornerstones of the local community. The business is now being reluctantly sold due to the owners wish to enjoy a well-earned retirement.
The owner is keen to see his beloved food delivery service passed to an ambitious and entrepreneurial new owner, who can take this already thriving business to the next level. There is the possibility for a handover period between current owner and purchaser to ensure a good handover and continued success.
This is a well-established business with a very good reputation and many existing customers.
These impressive ratings further illustrate this point;
Just Eat - Rating: 4.6/6 out of ‎5,076 reviews
Deliveroo - Rating 4.3/5 out of 500+ reviews
Facebook - Rating: 4.3/5 ‎out of 638 reviews
TripAdvisor - Rating: 4/5 out of ‎464 reviews
The premises is across all takeaway portals, including its own portal via its registered website;

The business is profitable and the accounts will be made available for serious purchasers.

The Business Premises
Pre Covid the premises boosted an impressive 142 covers. During covid, the business took measures and adjusted to cater for more online sales, hence the losing of seating. Now the business is in a process of restoring previous covers to maximise capacity through sit in sales and online delivery sales.

The premises comprises of a bespoke counter area to the front, which is ideal for orders to be placed and collected by delivery drivers. There is also a seating area to the front, with seating for up to 12 people.
The middle section used to seat 44 people pre covid but is now being used as ancillary storage.
The rear section used to seat 58, now comprises a large open place kitchen, which is linked to a pot-wash area, a second prep kitchen are and a storeroom. There are WC facilities and ancillary storage to the rear.
There is also an area to the rear where all our waste trolley bins are stored, next to onsite parking bays.
The business currently benefits a licence to serve alcohol up until 12:00 midnight.

Tenure and Terms
The Leasehold interest in our clients’ premises is available for £249,950.

Lease Assignment, currently approximately 5 years left of a renewable lease which is within The Landlord and Tenant Act 1954. The rent is £4,513.86 per month.

From our understanding the current landlord would be happy to give a new long-term lease upon completion of assignment.

All fixtures and fittings included.

Rateable Value
Interested parties are advised to discuss business rates with the local authority, but we understand that the rateable value on this property is £16,750.

Viewing
Strictly by appointment and under no circumstances must any approach be made directly to the business.
Please contact Dawsons Commercial to book a viewing.