Shops / St Nick's Market
Popular food shop and cafe for sale
It has become a stalwart of the Bristol food scene, but nothing lasts forever and a now a popular shop, cafe and restaurant is for sale.
Source, on Exchange Avenue next to St Nick’s Market, remains a profitable business after nine years of trading, with its current owners deciding to focus on new opportunities.
Co-director Joe Wheatcroft stressed that Source is not closing. He said: “We are selling a profitable business which has a great reputation for selling the best in ethically sourced, high quality food in the food hall and in the cafe.
is needed now More than ever
“We have taken the business a long way in nine years and have had a lot of fun, we feel now is the right time to move on to other projects.”
Source has traded successfully in St Nick’s Market for nine years
Joe said that the team at Source “don’t see ourselves as part of the ‘bubble’ so often talked about with regards to the new Bristol food scene”, which he says “is alive, kicking and amongst the best in the country”.
“We have worked with some lovely staff, suppliers and customers and consider ourselves blessed to have such a lively and fun place which we call work.
“It has been tough at times with long hours and small margins but we have persevered in bringing something special to people who really care about where their food comes from and how it has been cared for.
Joe said that he and the team at the proudly independent Source “have tried to do the right thing from the start”, including reinvesting much of their profits back into the business, reducing their food waste and packaging, and even introducing bees to this corner of the city centre with three hives on the roof of the market and the honey produced for sale in the shop.
Joe said that he was very proud that Source has “promoted healthy eating, proper cooking, seasonality and locality to a part of town where nothing like this existed before”.
Source is now on the market as a going concern with Fleurets
Fleurets head of urban markets, Kevin Conibear, said: “Demand for restaurants in Bristol remains strong. Whilst undoubtedly there are venues that have not worked, or have become unviable from a cost perspective, the food scene in Bristol is phenomenal.”
He added: “Source is unique in terms of its location, with high footfall, great trading space and the team have established a well-known venue in the city centre.”
Other Bristol properties currently for sale through Fleurets include the freeholds of the former Star & Garter pub in Montpelier (£450,000) and the former Brunswick Club in St Paul’s (£1.6m), and the leaseholds of No Man’s Grace restaurant in Redland (£120,000) and Illusions magic bar on the Clifton Triangle (£50,000).
Fleurets previously sold the leasehold for Birch restaurant in Southville, which had an asking price of £75,000 and is due to reopen on Tuesday under new owners, twin brothers Tom and Ali Masters. The leisure property specialists have also recently sold the freehold of the Adam & Eve pub in Hotwells for £425,000.
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