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Asking Price$184,329
Revenue$1,143,131 Established1980
Cash Flow$88,592 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
The famous “Treehouse” Organic Food Shop & Restaurant-Aberystwyth
www.treehousewales.co.uk
Ref. AF174
Location : Aberystwyth, Mid Wales
Leasehold
Asking price: Offers In The Region of £129,000 plus stock at valuation
Asking price includes:
Turnover circa £800,000 p.a.
Gross Profits circa £320,000 p.a.
Operating Profit circa £62,000 p.a.
Adjusted EBITDA circa £85,000 p.a. (pre-director drawings)
Net Assets circa £11,000
Multiple revenues streams- restaurant and retail shop/delivery sales
Good Food Guide/BBC Food & Farming Awards Finalist 2015
Over 35 years successful trading
Loyal/growing customer base
Superb character leasehold property
Prime location in the town
Destination venue
Goodwill
An opportunity to purchase a much loved thriving business that has become very much part of the fabric of Aberystwyth having successfully traded in this popular and desirable seaside town for some 35 years.
The Treehouse is a multi-faceted business with its core offerings being a highly reputable organic food restaurant and retail food shop both operating from the same characterful premises in the town.
Situated just off the high street, the property is welcoming and benefits from a large amount of passing footfall. The building is an impressive historic double fronted shop with a large sign and limited pavement seating. On entrance you are greeted by an array of brightly coloured fresh fruit and vegetables, and shelves teeming with organic foods and ingredients. The shop has used every inch of the floor space to show off their produce and doing so in an original fashion using wooden crates.
The business is split over three floors, with a basement storage area and the organic restaurant/café occupying the two upper storeys. The restaurant has approximately 45 covers, in a quirky but attractive environment and offers a daily changing range of delicious dishes with a fantastic atmosphere and friendly service. It offers an affordable dining experience popular with the locals and the large amount of people visiting the area and has been one of only two or three restaurants in the area to be included in the Good Food Guide for the past five years.
It has a compact but well-equipped kitchen; in addition to lunch service, all the bakery products and salads sold in the shop are made here, and there is also catering offered for outside events. There are toilet facilities and an office on the top floor, as well as half the restaurant seating with an ever-changing display of local art
Facilities:The business operates from a beautifully appointed historical double fronted building, located just off the High Street and one minutes walk from the beach. The décor is tasteful. The lease is £20,000 p.a. Rates are circa £8,000 p.a. The second non-food shop over the road is also leasehold and rent is £8,000 p.a. and benefits from small business rates relief.
Competition:The business has a highly informative website www.treehousewales.co.uk and benefits from being in a high profile location with plenty of footfall and excellent signage. It also does some local marketing via charities and flyers. It receives excellent referrals rates and word of mouth recommendations.
Training/Support:The owner will provide full business familiarization and handover to ensure a smooth transition of the business to new Owners. This should be a relatively simple process as key management/staff are already in place and the business is NOT dependent on the vendor.
Sale Reason:The vendor has ran this business successfully for many years and now wants to take on a new challeng
Ad #79737
Seller Reference #AF174
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Contact This Seller
Turner Butler
0044 1895256000
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