Cafes for sale in Greater Manchester

View the "Licensed Cafe In Cheadle Hulme, Greater Manchester" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £24,950 Annual Turnover: £52,000 Gross Profit: £31,200
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Business Description
Main Road Trading Location
Annual Turnover £52,000 +
Gross Profit £31,200
Low Rent For Area
Newly Refurbished 2017
Scope To Introduce JustEat & Deliveries
Customer Seating For 34
Limited Competition
Scope To Open Mondays & Sundays
Alcohol Licence In Place
Excellent Google & Outstanding Trip Advisor Reviews
Could Accommodate Bistro/Wine Bar
EPC - D
6537 - Licensed Cafe

Blacks Brokers are pleased to bring to the market this leasehold licensed cafe in a busy and much sought after area of Cheadle Hulme, Greater Manchester.

INTRODUCTION

One Thirty Café & Bar has been trading on Hume Hall Road since August 2017. Our client established the business here due to the excellent area and amount of passing trade. The business has grown a great reputation and has many repeat customers from the local area as well as nearby local businesses and offices. The business has brilliant reviews on Google and Facebook and has a five star food hygiene rating.

LOCATION

Cheadle Hulme is a much sought after area with an excellent demographic profile making this an ideal location for a business of this calibre. The business is located on Hulme Hall Road a busy main road that leads into Gillbent Road. This is a high footfall area between Cheadle Hulme School and Cheadle Hulme High School. The business benefits from its great trading location on a busy road on a parade of shops such as a barbers, local chemist and a co-operative food close by. The area is well linked by the M60 and A34 with excellent public transport facilities and parking is available in the immediate vicinity.

REASON FOR SALE

The business is suited to a hands on owner operator, however it is available for sale due to our clients other business interests being higher than anticipated.

LEASE

The business is on an Internal Repair Only lease (IRO). The lease is three years and began in August 2017. The lease runs at a cost of £143.08 per week.

STAFF

There are currently two full time members of staff in employment in addition to our client and partner working on a full time basis. Our client oversees the general management of the business daily.

FINANCIAL DETAILS

One Thirty Café & Bar has done extremely well within the last 14 months of trade. We are advised the business achieves a weekly turnover of between £900 - £1,300 with the gross profit around 60%. Full financial information is released after an initial viewing of the business.

BUSINESS RATES

The business currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is a superb opportunity for a new owner to build on the already strong trading foundations. A new owner could extend the opening hours as the premises licence is until 9pm. There is scope to open Mondays and Sundays and the landlord is happy with a change of use. The introduction of a delivery service and websites such as JustEat and Deliveroo would be an advantage as the business only currently delivers to local businesses for lunch breaks. The alcohol licence could be utilised with a change of use to a bistro or wine bar. The business currently has outside catering which could be pushed with more marketing and events. Early viewings are strongly advised. Fixtures:
Chairs

Tables

Coffee Machine

Till

Panini grill

Toaster

Blender

Wall units

Racking

Coffee Grinder

Cutlery, cups, plates, bowls

Fridges

Freezers
Trading Hours:
Tue – Sat 8am - 4pm
Event hire – 7 days a week

Tenure: Leasehold

Accommodation Details:
One Thirty Café & Bar operates from the ground floor of a mid terraced property within a parade of shops. This double fronted unit offers a dining area to the outside with its paved area with plenty of room for additional tables. The branding is strong and clean and once of the windows is also carries the ‘One Thirty” logo. Inside, the main dining area is bright and well lit with menu boards displayed on the walls. There is seating inside for 28 customers with an additional 6 seats outside in the warmer weather. To the rear of the shop is the counter with till and a drinks fridge displaying cold drinks and alcoholic beverages. Further back is the fully fitted kitchen equipped with fridges, freezers and a fantastic coffee machine. All areas are well presented and fitted with high value, professional catering equipment that was new as of 2017.

Location Details: Cheadle Hulme

Leasehold Term: Rent: £143.08 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6537
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