Steamin Mugs
Details

BUSINESS

Hilton Smythe welcomes to the market this vibrant and busy coffee shop/cafe, which was only established around 2 years ago and already has a turnover in excess of £120,000.

The owner is now looking to pursue other business interests.

Steamin Mugs offers large premises which were completely refitted 2 years ago with brand new fixtures and equipment, having 58 covers inside and 8 outside, a children’s play area (quite unique for a coffee shop) and is becoming well known in the area, having many loyal customers.

The business offers both hot and cold foods with a wide range of baguettes, breakfast’s and wholesome main meals.

The café occupies a lovely pedestrian walkway location, with a busy passing trade.

Even though Steamin Mugs has only been established for 2 years, it has already won an award in the Welsh independent retail awards, coffee shop of the year 2017 for the south west region and has been nominated for the National finals, for business of the year, business/customer service/family business 2018, for the whole of wales and nomination for the family business of the year awards 2018.

The business is busy; however, this could be still further improved with a website, more advertising, longer opening hours during the week to include evenings and longer weekend openings including Sundays. Also, by obtaining an alcohol license for the evenings and by extending the menu and introducing new drinks etc, things really could be taken to the next level.

Viewing is a must to appreciate the quality and friendly coffee shop on offer, see trip advisor for great comments and reviews. It also has its own Facebook page, being very much part of the community.

LOCATION

Steamin Mugs is situated in the centre of Carmarthen, on a busy shopping walk.

Carmarthen is the county town of Carmarthenshire in Wales. It lies on the River Towy, 8 miles north of its estuary in Carmarthen Bay.

The population in the 2011 census was 14,190. Good access to gained to surrounding areas via the A40, A48 and M4 motorway.

PREMISES

These are easily managed, but very large premises covering 176 sqm on the ground floor, offering large café area with tables, chairs and sofas for up to 58 covers, together with outside seating for a further 8 covers, Serving counter with till, commercial kitchen, small office, WC, side utility, staff area, stock room and allocated parking for 1 vehicle.

There is a range of fixtures and fittings included with the sale as follows,

•Merry-chef oven
•Samsung Microwave
•Polar Tall Fridge
•Polar double door freezer
•Polar prep-table fridge (three doors)
•Fracino Coffee Machine (double group)
•Coffee Bean Grinder
•Blender
•Under Counter Fridge
•Complete till system with two printers
•Slush machine
•Counter top display fridge
•Panasonic microwave
•Grill oven
•Toaster
•Bush music system and more

An internal inspection is very highly recommended to fully appreciate the size and real potential on offer.

TENURE

We are advised that the business is being sold as a Leasehold opportunity, with a 10-year lease having 8 years remaining.

The rent payable is £30,500 per annum.

HOURS

Monday to Saturday 10:00 a.m. to 4:00 p.m.
Sunday Closed

STAFF

The business is currently run by a full-time manager and 4 part time members of staff.

FINANCIAL PROFILE

We believe from the owners that the business turns over in the region of £120,000 per annum.

According to the VOA website the current rateable value is £30,250, with rates payable of £15,550 per annum.

£49,000

Listing Code SQRYB4d2i-U
Business Tenure LeaseHold
Listing Type Seller
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02/10/2018 Carmarthen, Carmarthenshire