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  • Property Types: Detached Attached Flat / Apartment Bungalow Land Park Home
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  • Include Under Offer, Sold STC
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Cafe for sale
Bournemouth, Dorset
Commercial
£89,950
  • Valuable Bournemouth town centre trading position
  • Spacious uniquely themed versatile premises
  • Licensed for 150 covers, typically offers 80 inside & 40 alfresco covers
  • Destination business, popular with all ages
  • Sales approx. £465,000 ex Vat
  • Business enjoys all year round trade
  • Serves easy menu to eat in or takeaway
  • Staff run, vendor works in supervisory capacity
  • Recent investment in the form of new fixtures and equipment
  • EM&F Reference number: TR034589R
 

Description: A very popular café bar enjoying sound levels of daytime and evening trade, serving an easily prepared menu, benefiting from being fully licensed and holding an entertainment licence. Trading from uniquely themed premises, the subject of recent investment in the form of new fixtures and equipment, licensed for 150, typically offering 80 inside covers and 40 alfresco covers, the later proving popular and lucrative, in particular during the summer months with it being south facing. The premises are most versatile, offering servery counter, cooking facilities, bar and cloakrooms, new owners will benefit from a recently signed 10 year lease with the next rent review not due until 2024. The business attracts a wide range of customers of all age groups, it is not reliant on summer visitor trade, enjoying all year round trade from local residents, students, and those working in the town. The Triangle event space is located directly in front of Flirt and hosts a number of events for up to 3,000 people. These events drive substantial footfall into the cafe bar and include the yearly Pride event. Other events and attractions which have been held here include the Upside Down House attraction, Coca Cola truck, Big Wheel and a number of music and family events. New owners can choose to work in the business on a day to day basis or act in a supervisory capacity which is currently the case.
Location: Occupying a prominent eye catching trading position within Bournemouth's famous Triangle which in recent years has been the subject of substantial investment and improvement ensuring the area continues to grow in popularity and become a destination area of the town being host to a wide variety of businesses, to include a good number of independents. Contained within the ground floor of the 'Library Building', with the town's library situated on the floor above ensuring substantial foot flow. Close by could be found Tesco Express, a Gym, together with other catering establishments, bus stops and a large multi-storey shoppers car park. Just around the corner is the busy shopping area of Commercial Road, host to numerous national retailers to include H & M, Primark, River Island and J D Sports to name a few along with The Avenue shopping centre. Commercial Road continues down to the famous 'Square' along with the popular Winter Gardens which in turn lead to the seafront/esplanade, pier and beach along with a number of visitor attractions. Bournemouth is host to a substantial resident and student population providing all year round trade in addition to experiencing a substantial summer seasonal uplift being a popular destination for holidaymakers.
Premises: Modern purpose built premises, aluminium framed fully glazed double frontage with eye catching signage above, recessed glazed double entrance doors open to 'L' shaped DINING AREA, additional glazed side entrance door, internal windows looking into library building, tiled floor, feature ceiling decorations, oscillating ceiling fans, inset ceiling spot lighting, additional pendent lighting. An eclectic mix of freestanding tables and chairs to include sofa seating and airline style seating, all of which provides approximately 80 covers. The dining area benefits from a new BAR SERVERY, open fronted Foster refrigerated dairy deck, new wall mounted flat screen televisions, sound system which can also be used in respect of events.Leading off the dining area are 2 unisex CLOAKROOMS, one of which is adapted for disabled use and provides baby change facilities. To the side of the dining area, main fully equipped SERVERY KITCHEN, incorporates chilled salad counter, hot counter and glazed cake display cabinet, also houses 3 group coffee machine and grinder, back up coffee machine and grinder, and EPOS till system. Behind is the main FOOD PREPARATION/COOKING AREA, host to a range of equipment, amongst the inventory, Turbo Chef oven , Panini grills, 2 commercial microwave ovens, Table Top fryers, waffle machine, smoothie blender, glazed front double bottle chiller, freezer and additional chillers along with wall mounted stainless steel hand washbasin. Adjoining WASH-UP ROOM, fitted with sink unit, dishwasher and waste disposal unit. Inner lobby leads to OFFICE and STORAGE AREA containing storage racking, large upright fridge and 2 large upright freezers. (None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)
Outside: To the front of the premises, enclosed raised DECKED AREA, picnic style tables complete with umbrellas provide a further 40/50 covers. This alfresco area proves very popular, in particular as it is south facing and is able to enjoy sunshine throughout the day. A piazza style area surrounds the decked alfresco area which is host to public events throughout the year, providing a trading boost.
Note: The business leases additional premises directly opposite the main premises, these are used for STORAGE purposes, containing a host of back-up equipment. In regards to the storage premises, a new 10 year lease is held with a 5 year break clause, current rent £10,000 per annum albeit they are larger than required with surplus space sublet producing rental income of £8,400 per annum.
Business: An established popular venue trading as a café bar, serving a range of hot and cold beverages together with breakfasts, snacks and light meals to eat in or takeaway. A full alcohol licence is held enabling the serving of beers, wines and spirits, additionally an entertainment licence is held to include live music enabling a variety of events to be hosted throughout the year. Menu lines include teas, coffees, hot chocolates, milkshakes, smoothies, soup, sandwiches, salads, wraps, Panini's, nachos, chips, jacket potatoes, chilli, pies, burgers, chargrilled chicken, bubble wrap waffles, a variety of desserts and ice creams. The business is very popular with the local community of all age groups, students, local residents, families, shoppers, and office and shop workers, providing regular trade throughout the year rather than relying on summer seasonal trade from visitors to the town. A number of regular events take place at the venue proving popular, these include quizzes and live music, the venue also proves a popular meeting place for numerous clubs such is its size and layout of the premises, in addition to holding private functions.
Trading Hours: The venue trades Monday to Sunday 9.00am through to 11.00pm albeit these are flexible, closing earlier in the evenings during the quieter week days and winter months.
Staff: The day to day running of the business is undertaken by staff, the vendor acting in a supervisory capacity. Three full time members of staff are employed together with a pool of part time members of staff who are called upon as and when required.
Takings: Management accounting information in respect of the current financial year forecasts Sales of approximately £465,000 ex Vat with adjusted Net Profits in excess of £60,000 based on a staff run operation. Should new owners decide to work in the business on a day to day basis then scope exists to build on the current levels of profitability.
Comments: The sale of Flirt Café Bar provides an opportunity to acquire a popular well-known venue with a strong following comprising spacious themed premises occupying a lucrative town centre trading position.
Tenure: Held on the residue of a renewable 10 year Lease which commenced in 2019, current rent £27,500 per annum subject to 5 yearly rent reviews.
Rates: Approximately £7,000 per annum payable.
Price: £89,950 for the benefit of the Leases, Goodwill, Fixtures, Fittings and Equipment (according to inventory) plus stock at valuation.

Tenure: Leasehold


EM&F , Devon
01404 606038
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UKInternational LOCATION / TOWN:
MIN BEDROOMS:
KEYWORDS:
|
  • Property Types: Detached Attached Flat / Apartment Bungalow Land Park Home
  • Added:
  • Include Under Offer, Sold STC
  • New build homes:
  • Buying Schemes:
  • Retirement:
  • Auction
  • Garden
  • Parking