Licenced Crêperie & Coffee Shop - Bury

Shopping Centre Trading Position
Accounts Available Year End 31/01/2020
Annual Turnover £309,158
Gross Profit £210,314
Established 2015
Well Equipped
Nicely Presented Throughout
Seating For 45
Excellent Public Transport Links
Superb Reputation
Fantastic Online Reviews
Five Star Food Hygiene Rating
Just Eat Delivery Service In Place
Could Accommodate Any Cuisine
Scope For Longer Opening
EPC – F
REF 6887 – Leasehold Licenced Crêperie & Coffee Shop

Blacks Brokers are pleased to bring to the market this licenced crêperie and coffee shop located within the Millgate Shopping Centre, Bury.

INTRODUCTION

This Licensed Creperie and Coffee Shop was established by in 2016. Our client established the business here due to the enviable and prominent trading position in the centre of the town. The business is very well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade. Our client has ensured that the business has an excellent reputation and excellent reviews are noted on Google, Facebook, Just Eat and Trip Advisor. The business has a comprehensive website and strong social media following.

LOCATION

The business is positioned within a highly sought after trading location inside The Millgate Shopping Centre. This bustling area is filled with a combination of independent shops and eateries as well as large multiples such as Boots, B&M Bargains, O2 and many more. Bury Market is also very close by and this brings many tourists and shoppers all year round. Bury is well linked by the M66 and M60 with excellent 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 lack of time to dedicate to this busy shop, 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 insuring (FRI) lease. This is the most common form of commercial lease. The current lease is a ten year lease which began in 2015 at a cost of £369 per week (this includes the shopping centre service charge).

STAFF

The business operates with a mixture of full time and part time staff working closely alongside the owner.

FINANCIAL DETAILS

The business has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £309,158 with gross profits of £210,314.

BUSINESS RATES

The business has a rateable value of £4,800. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This is a well known creperie and coffee shop which has been finished to a high standard. The business provides an excellent all day trade to local businesses, workers and to the many tourists that visit the popular town of Bury and Bury Market, throughout the seasons. There is plenty of scope to develop the business further with the introduction of outside catering and a strong marketing drive. 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.