Wrap Store Located In Cardiff For Sale
Healthy Fast Food Restaurant
A3 Licence & 5 Star Food Hygiene Rating
This outstanding Healthy Fast Food Wrap Bar is located on the ground floor of The Student Union Retail Mall in Cardiff. Positioned within a prime trading location on the frontage of the main student thoroughfare on one of the main entrances and opposite the busy student letting agency. The closest unit to both the University gym (20m), Cathays railway station (50m) and the new Maths & Science building scheduled to be built, housing several hundred students (30m). The area sees 25,000 new students every year and the University is investing £40 million over the next 3 years upgrading the building to accommodate more students to the area. This will not include any additional retail space. Close by is Cathays Park and railway station which is just ½ mile from Cardiff City centre. The area benefits from a lot of private and university investment for accommodation blocks and is surrounded by complementary independent retailers along with residential properties and plenty of free parking. Cardiff offers a startling range of unique attractions, top class entertainment, quality shopping and an array of bars and restaurants.
Asking Price: £49,950 plus SAV (£500)
Turnover: £150,000 plus pa
Lease term: 5 years
Remaining: 2 ½ years
Rent: £7,916 plus vat pa
Rates: £4,250 pa
Service Charge: £1,200 plus VAT pa
Veritas Business Sales are delighted to offer for sale this delightful Wrap Bar which is located in Cardiff. The business was established back in 2012 by my client and has been in his careful hands ever since. Reluctantly the business is now being offered for sale so that they can concentrate on other business interests. Since ownership there has been continual investment in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is overseen by its owner but employs the help of 2 full time and 6 part time members of staff and has an annual turnover of circa £150,000 net of vat. Magic Wrap serves a fine range of healthy wraps (authentic stone baked Mediterranean Khobez flat bread) which are filled with a variety of freshly oven baked meats, crisp market fresh salads, roasted vegetables and sauces. All fayre is freshly prepared to order and baked on site (nothing is deep fried) offering a wide vegetarian range and healthy eating experience. All can be can be enjoyed in the well fitted restaurant, taken away or delivered by Deliveroo. We believe that there is further potential to increase trade should you wish to by extending upon the current opening times. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passers by. This is a superb opportunity to purchase an established business that still has further growth potential which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Monday – Saturday – 10.00am – 5.00pm
Sunday – closed