Cafes for sale in Stockport

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Cafe & Outside Catering Business In Stockport

Stockport, Greater Manchester, England

  • Leasehold Price: £19,995  Price Reduced arrow_drop_down
  • Sale Agreed
  • Annual Turnover: £79,185
  • Annual Gross Profit: £37,685
Seller Reference: 5854
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Business Description
 
 
 
 
 
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Seller Reference: 5854
Request Details
Business Description
Established Business that has been trading successfully for over 8 years
Low Rent & No Business Rates
Flexible Lease Terms
**Audited Accounts 31st March 2019**
Annual Turnover £79,185
Gross Profit £37,685
Vendor willing to do a handover
Massive scope for expansion
REF 5854 – Leasehold Catering Business

Blacks Brokers are proud to bring to the market this leasehold catering business located in a busy and popular area of Romiley, Stockport.

INTRODUCTION

Wayfayrers Kitchen has been trading on Compstall Road since 2011 when our client set up the business. Over the last 8 years, the business has firmly established itself within the local community, building a large customer base and a superb reputation. The business offers a selection of freshly-made sandwiches and other hot and cold food goods in a bespoke sandwich van. There is a regular delivery route to local companies in the area, Monday to Friday. It also offers outside catering for local corporate events, weddings and parties. There includes a lucrative pitch at a busy, local artisan market on a monthly basis. There is scope to expand the daily delivery route, the corporate customers and new markets. Included in the price is a website www.hamandpickle.com and a social media presence and email account. The café is currently sub-let at £350 per calendar month until August when it returns to the present owner leaving an opportunity for a new owner to take it on.

LOCATION

Located at the start of Romiley’s main shopping street, the business is opposite the town’s train station. Other shops in the area include many independents such as beauty salons, a pizza shop, travel agents, bars and cafes along with a large supermarket and high street banks. The area is well-populated with good levels of footfall. There is parking for one vehicle at the rear of the shop and customer parking available in the immediate area.

REASON FOR SALE

Wayfayrers Kitchen is only being offered for sale due to our client relocating due to family commitments.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease), the most common form of commercial property lease. The current lease is 12 years and began in 2014 at £460 per calendar month (£107 per week). The lease has a break clause from 2020 with a rolling lease, requiring a 6 month notice period.

BUILDING LAYOUT AND DESIGN

Wayfayrers Kitchen is housed within a large, mid-terraced retail unit. The business is branded well and has a fully glazed frontage. Inside, the main shop floor is well presented and fully equipped with a retail area at the front and a kitchen/preparation area at the rear along with a large storeroom. On the first floor is a toilet and store room. Access to the building is also available at the back with an enclosed yard and refuge area. This business sale also includes the bespoke, branded catering van which is currently used for deliveries and for a market pitch once a month.

STAFF

At present Wayfayrers Kitchen is operating with our client in full-time employment working Monday to Friday. There is a huge opportunity to open at the weekend and maximise sales further.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and Wayfayrers Kitchen has traded solidly over its 8-year history. The business generates an annual turnover of £79,185 with a gross profit of £37,685. No business rates to pay, low rent and low overheads make this business an attractive proposition.

SUMMARY

This business has a well-established customer base as well as the potential for plenty of new business. This is in addition to the large base of corporate customers where our client does event catering for. The shop is currently used for food preparation to supply the delivery van for the outside catering.
This proposition would ideally suit an owner/operating team or family, able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Coffee machine

Coffee bean industrial grinder

Pie warmer

Serve over marble top fridge

Chest freezer

Grill

6 x fridges

Catering size oven

Soup warmer

Domestic cooker and hob

Slow cooker

Work tops

Ice cream freezer with glass display unit

Industrial racking for storage

Microwave oven

Water boiler

Standard sink and drainer

Hand wash sink

Custom made Jiffy Truck (sign written) consisting of :-

Pie warmer

Bain Marie (holds 4 trays)

Heating soup tray

Large display fridge

Refrigerated buffet storage

Hand wash sink

Custom made storage sections
Trading hours:
Monday - Friday
Tenure:
Leasehold
Location Details:
Stockport
Leasehold Term:
£107 Per Week
Listed by:
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