This is one of those rare businesses which comes onto the market which has been established for over 30 years and comes on to the market.
The Business consists of a very popular and well-known coffee shop as well as an extremely profitable and food distribution business supplying a large number of restaurants in the local area with Cakes, Pre-made Lasagna's, Quiches and a variety of pastry based goods.
The coffee shop itself is Located in Puerto Portals, one of the most exclusive places here on the Island, ideally located just 2 mins away from the Marina of Puerto Portals.
The coffee shop is a well-known meeting place for meetings due to its access to available parking but the cafe is business from they open in the morning to when they close around 6pm. Having been in business for over 30 years they have a very loyal and regular clientele.
There is also a commercial kitchen located close to the Coffe Shop which they opened a few years ago to cope with demand. here is where all the very high-quality products the sale through the shop and wholesale trade. The Kitchen has been fully equipped and very well laid out with everything you need. There is scope to expand this side of the business.
They have numerous business lines;
Firstly the Coffee shop itself providing coffees, pastries, pies and light meals throughout the whole day to locals, tourists and business people alike for meetings. In the summer they are open 7 days a week 12 hours a day and have up to 6 staff, this is an incredibly busy coffee shop
Secondly, The shop provides Cakes and Pastry based food to take away, they are the first port of call for anyone looking for a Birthday, Wedding or any type of Cake. They currently sell on average around 30 cakes per day all year around.
Thirdly, They have a great reputation in the Yachting community in Portals and provide lots of pic nice boxes and sandwiches and cakes for people going out for the day on their boats. These are usually ordered in advance and delivered to the Marina first thing in the morning.
Fourthly, They provide private catering for a whole range of events as well as a lot of the wedding planners based here on the island, providing for buffets, Canapes etc to the very profitable Wedding business here on the island
Finally, they have a very popular trade business providing lots of restaurants with very high-quality cakes as well as Lasagna's, Quiches etc. This is an extremely busy and profitable part of the business with lots of potential to expand this side of the business to the new owner
The Business also has a company vehicle which is included in the sale of the business as well as a ful time delivery driver.
The current owner currently owns the Freehold of both the shop and the Commercial Kitchen and is looking to either sell outright or for Leasehold. The business had a turnover Pre-Covid in excess of €750K with a profit in the region of €300-€400K per annum. A full set accounts are available on request for any interested party. The Business has continued to trade every day through the Pandemic has ben portable throughout
This is a very solid business with 12 months trade, it will not stay on the market long so if you are interested then please get into contact
The price has been reduced to €400,000 for a quick sale. the is also the option to buy to freehold's on both the shop and kitchen for a further €500,000
Please note we have used stock images for this listing due to confidentiality reasons.
