VALE OF GLAMORGAN – TOWN CENTRE ULTRA SUCCESSFUL MEDITERRANEAN RESTAURANT
Bridgend, Vale of Glamorgan
Ref: 93924
Leasehold £195,000
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Key Features
Location
The town of Bridgend is located within the Vale of Glamorgan, South Wales approximately 20 miles west of Cardiff and 18 miles east of Swansea. It is the commercial and economic centre for the immediate area including the Valleys to the north being the Ogmore, Llynfi and Garw Valleys and the coastal areas to the south including Porthcawl incorporating the Glamorgan Heritage Coast. The town has a population approaching 60,000 and is home to a number of major employers. It also enjoys excellent road communication links being beside the M4 motorway linked to Cardiff, Bristol and London via the Great Western Railway Line and is only 16 miles west from Cardiff International Airport.
Property
Poco Poco is a well-established and extremely profitable Mediterranean restaurant that has built an excellent reputation in Bridgend since its inception in 2007. It later moved to its current site on Elder Street which is in a nice, quiet tucked away position at the heart of the busy town centre. It offers excellent internal and external trade areas.
TRADE AREAS
The property provides character interconnecting trading area with 96 covers and servery, kitchens, toilets and ancillary space
EXTERNAL
Outside is space for a further 96 covers, greatly increasing the capacity of the business.
TRADE AREAS
The property provides character interconnecting trading area with 96 covers and servery, kitchens, toilets and ancillary space
EXTERNAL
Outside is space for a further 96 covers, greatly increasing the capacity of the business.
The Business
The business trades as a quality Mediterranean restaurant, developed by the current owner and now operates almost entirely under staff on a managed basis with the owner only providing minimal input on a daily basis.
The accounting information provided for the financial year ended 31st July 2024 provide evidence of turnover of £1,024,809 exclusive of VAT with a net profit of £233,790 prior to taxation.
The accounting information provided for the financial year ended 31st July 2024 provide evidence of turnover of £1,024,809 exclusive of VAT with a net profit of £233,790 prior to taxation.
Tenure
LEASEHOLD £195,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
Poco Poco is held on a part repairing and insuring lease from a private individual, for a term of ten years commencing July 2019. The lease is excluded from the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £45,000 per annum paid monthly in advance, subject to five yearly rent reviews. The lease is free of all trade ties.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Poco Poco is held on a part repairing and insuring lease from a private individual, for a term of ten years commencing July 2019. The lease is excluded from the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £45,000 per annum paid monthly in advance, subject to five yearly rent reviews. The lease is free of all trade ties.
No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.
Licence
A Premises Licence is held.
Current opening hours:
Monday to Wednesday:
Lunch: 12:00 – 14:00
Dinner: 18:00 – 21:00
Thursday:
Lunch: 12:00 – 14:30
Dinner: 18:00 – 21:00
Friday & Saturday:
Lunch: 12:00 – 14:30
Dinner: 18:00 – 22:00
Sunday:
Closed
Current opening hours:
Monday to Wednesday:
Lunch: 12:00 – 14:00
Dinner: 18:00 – 21:00
Thursday:
Lunch: 12:00 – 14:30
Dinner: 18:00 – 21:00
Friday & Saturday:
Lunch: 12:00 – 14:30
Dinner: 18:00 – 22:00
Sunday:
Closed
Services
All mains services are connected.
Local Authority: Bridgend County Borough Council
Local Authority: Bridgend County Borough Council
Enquire about this listing
Ceiron Griffiths
Wales
