Cafes for sale in Ashton-under-Lyne

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Established Cafe - Greater Manchester

Ashton-under-Lyne, Greater Manchester, England

  • Leasehold Price: £41,995  Price Reduced arrow_drop_down
  • Annual Turnover: £84,578
  • Annual Gross Profit: £75,834
  • Annual Net Profit: £23,993
Seller Reference: 7145
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Business Description
 
 
 
 
 
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Seller Reference: 7145
Request Details
Business Description
Prominent Town Centre Location
Accounts Year End 31st March 2019
Annual Turnover £84,578
Gross Profit £75,834
Accounts Available After Viewing
Heavy Footfall Area
Newly Fitted 2016
Purpose Built Retail Unit
Great Online Reviews
Five Star Food Hygiene Rating
Scope To Expand Menu
Strong Base Of Regular Customers
EPC - TBC
REF 7145 – Leasehold Cafe

Blacks Brokers are pleased to bring to the market this leasehold cafe located in Ashton-Under-Lyne, Greater Manchester.

INTRODUCTION

Wright's Alfresco Café was established by our client in this busy area of Ashton-Under-Lyne. The business has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Trip Advisor.

LOCATION

Wright's Alfresco Café occupies a prominent trading position within the market square. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Topshop, o2 and McDonalds. The area is well linked by the M60 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a three year lease which began in 2016 at a cost of £331 per week.

STAFF

The business operates with six casual members of staff in employment supporting our client working on a full time basis. As a general rule, the business requires three members of staff at a time to meet demand.

FINANCIAL DETAILS

Wright's Alfresco Café has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has an annual turnover £84,578 with a gross profit of £75,834. Full financial information is available after a viewing.

BUSINESS RATES

The business rates are currently £6,000 per annum.

SUMMARY

This popular and well established business occupies an enviable trading position in a bustling area of Ashton-Under-Lyne. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options and a new online and social media presence, possibly a local delivery service where appropriate. 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:
Hot Plates x 2

Fryer

Fridge Freezer

Dishwasher

Cooker

Stainless Steel Tables
Trading hours:
Mon – Sat 8am – 5pm
Sun-9am-4pm
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Wright's Alfresco Café operates from a purpose built, stand alone property within Market Place. The business has large branding and signage on display with a main entrance to the café area and a glazed serving hatch for those that do not wish to dine in. Inside, the main dining area offers seating for between twenty and twenty five with separate, fully equipped catering kitchen in an elevated position. There is also a utility room to the rear with dishwasher and a cloakroom for staff use. All areas are well equipped and presented nicely.

Location Details:
Ashton-Under-Lyne
Leasehold Term:
£331 Per Week
Listed by:
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