City Centre Location
Closed Since March 2020
Previous Annual Turnover £360,000
Potential To Expand Opening Hours
Would Suit A Number Of Business Models
Seating For 56
EPC - D
Blacks Brokers are pleased to bring to the market this leasehold licensed traditional tea room located in Manchester City Centre’s Northern Quarter.INTRODUCTION
Sugar Junction has been trading since 2013. The business was born from a passion of baking, a love for good wholesome food, excellent coffee, beautiful tea, enthusiasm for beautifully unique drinks and of course, a love for everything vintage. The property is licensed to sell alcohol and offers seating for up to fifty six diners on the ground floor and basement.
Our client has only been trading solidly over the past seven years and therefore the business has built strong goodwill with the local community and the business has generated an enviable reputation. During Covid-19 the business has ceased trading and is now ready for a new owner to re-open and continue trading.The social media presence for the business is exceptional with over nine thousand followers on Facebook, nine thousand followers on Instagram and eight thousand followers on Twitter allowing the business to have a huge online presence and attract excellent online reviews. LOCATION
Situated within this popular, busy and extremely sought after location this business benefits from heavy footfall and would certainly suit an owner who is looking to expand on the current brand or a new chef coming into Manchester wishing to open a new restaurant. REASON FOR SALE
This opportunity has become available due to our clients other business interests and therefore this has created an exciting opportunity for a new owner to enjoy the solid foundations laid down by the founder of the business.LEASE
The property is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The current lease commenced in 2013 and will run for a ten year term. The current rent is £442 per week which represents excellent value for such a prime location property. BUILDING LAYOUT AND DESIGN
Decorated authentically with a vintage vibe, China tea sets, pin-up and war posters to the sounds of authentic music, you will feel like you have stepped back in time.
The lease covers the ground floor of the property. The property is single fronted and is finished to a high standard with striking signage delivering a flawless first impression.
Once inside the main tea room the overall finish is exceptional and client has created a look and feel that oozes sophistication and style. The premises can accommodate up to 56 diners and to the rear of the dining room are the customer toilet facilities. In the basement there is a fully fitted stainless steel kitchen, and a large room which is currently used for storage but could easily provide more covers for diners. It is worth noting that the kitchen equipment is a particularly high specifications and we are informed by our client that the value could be in excess of £15,000.
The property is protected by CCTV system and is fully air conditioned. STAFF
When the business was trading our clients were full time hands on in the business and were supported by four full time members of staff along side four part time members of staff. Currently there are no existing staff members to be transferred with the sale of the business. FINANCIAL DETAILS
We are informed by our client that when the business was trading turnover was in the region £360,000 per annum.BUSINESS RATES
The business currently benefits from Small Business Rates Relief. SUMMARY
This is an exceptional opportunity to acquire a well respected business that offers a new owner an exciting opportunity to reopen the business and push it on to the next level. The business earned its reputation by serving
a selection of homemade cakes and also fresh food and sandwiches as well as its well renowned Afternoon Tea. Afternoon Tea is served on tiered stands where customers enjoyed homemade sandwiches, cakes and scones in a vintage atmosphere. The business was committed to using the finest, high quality ingredients and buying local and free range products.
This proposition would ideally suit a hands on owner operator who could reopen the business, perhaps extend the previous trading hours and perhaps open the business as a micro pub or licensed restaurant. The opportunities are plentiful with this versatile proposition.
This is an ideal opportunity and early viewings are advised. Fixtures:
All Kitchen Equipment
Coffee Machine - Leased
Epos Till System - Licence Required
£442 Per Week