Cafes for sale in Bury

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 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £19,950 Annual Turnover: £78,000 Gross Profit: £39,000
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Business Description
Established Since May 2017
Weekly Turnover £1,500
Gross Profit 50%
Ill Health Forces Sale
Closed Sundays
EPC - E
REF 5802 – Leasehold Diner and Takeaway

Blacks Brokers are proud to bring to the market this leasehold diner and takeaway located in the much sought-after area of Bury, Lancashire.

INTRODUCTION

Li Beirut has been trading on Haymarket Street in Bury since May of 2017 and in that short trading history, it has already firmly established itself within the local community, gaining a large and loyal customer base and an excellent reputation. The diner offers an array of food and drink options on an eat-in or takeaway option.

LOCATION

Situated on Haymarket Street in Bury town centre, this area is perfectly positioned with a huge amount of passing trade in addition to many locals. Parking is available in the immediate area and public transport links are excellent. The area of Busy is well linked by the M66, M60 and M62 and is close to Rochdale, Prestwich and Manchester.

REASON FOR SALE

Li Beirut is only being offered for sale due to family commitments and ill health.

LEASE

The building is available on a competitive rent on an External Repair Only lease. The current lease is 3 years with rent reviews every 3 years. The current lease began in December of 2016 at a cost of £13,000 for the first year, rising to £15,000 per annum thereafter.

BUILDING LAYOUT AND DESIGN

Li Beirut is housed within a large, corner unit on a busy junction of Haymarket Street. The business is nicely branded with signage to both sides of the unit and welcoming central entrance.
Inside, the main dining area offers seating for 22 with servery and open plan kitchen positioned behind. To the rear of this is a spacious and well-equipped preparation room and a secondary dining area (currently not included in the lease holding space for a further 40 seats)
The basement is used for storage along with a further two stock rooms.
All areas are presented well, with new fixtures, fittings and equipment in place – with all newly fitted 2017.

STAFF

Li Beirut is currently operating with one manager on a full-time basis and one additional member of staff in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Li Beirut has traded solidly over its trading history. The business generates weekly takings of £1,500 with gross profits of 50%. Zero rates are payable on this property.

SUMMARY

This leasehold business, positioned in a prime location in Bury town centre, is newly established and already performing very well, the takings are growing month on month. There is plenty of scope to develop the business further and there are even more income opportunities through continual drive of this new business and local advertising, perhaps contracts with other local businesses for catering and lunchtime deliveries. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Full Inventory Coming Soon

Coffee Machine Excluded
Trading Hours:
Mon - Thu - 11am - 11pm
Fri & Sat - 11am - 2am
Sun - Closed

Tenure: Leasehold

Location Details: Bury

Leasehold Term: Rent: £250 Per Week 1st Year / £288 Thereafter

Downloadable Documents

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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5802
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