Cafes for sale in Radcliffe

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Y. MacGregor (Nov 2017)
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Leasehold Price: £10,000 Annual Turnover: £21,000 Annual Gross Profit: £13,000
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Business Description
Offers Over £10,000 Only
Town Centre Trading Location
Annual Turnover £21,000
Gross Profit £13,000
Low Rent & No Rates
Scope To Introduce Delivery Service
Potential To Start Website & Social Media
Customer Seating For 16
Ideal For First Time Buyer
EPC - D
REF 6513 – Leasehold Cafe

Blacks Brokers are pleased to bring to the market this leasehold café located in the much sought-after area of Radcliffe, Greater Manchester.

INTRODUCTION

The Coffee Shop has been trading on Church Street West since 2013 with our client in ownership since 2016. The business has firmly established itself within the local community, gaining a local, repeat customer base offering homemade food choices and a warm welcome.

LOCATION

The business occupies a prominent trading position within Radcliffe town centre, this area is densely populated residentially as well as commercially with other local businesses close by as well as large multiples such as Asda nearby. The area is well linked by the M66 and public transport links are excellent with Radcliffe Tram Station close by. Thirty minutes of free parking is available immediately outside the shop.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator and is only available due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is three years and began in 2017 at a cost of only £114 per week..

BUILDING LAYOUT AND DESIGN

The Coffee Shop operates from the ground floor of a single fronted, mid terraced property. The shop has clear signage and matching canopy cover displayed above a partially glazed frontage. Inside, the café is presented traditionally with free standing wooden tables and chairs offering seating for 16. The counter/servery is positioned to the side and fitted with coffee machines and preparation area. To the rear is a well equipped kitchen with ovens, grill, microwaves and more. There is also a store room and toilet facilities. Each area is presented nicely and good quality fixtures and fittings are in place throughout. To the rear of the property is an enclosed yard.

STAFF

The business is currently operating with only our client in employment, occasionally supported by a casual member of staff during busy periods.

FINANCIAL DETAILS

The Coffee Shop has traded solidly since opening. We are advised that the business currently has annual turnover of £21,000 with gross profit of £13,000. Full financial details are available upon viewing.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position and has a good base of regular, local customers along with an excellent reputation. There is plenty of scope to develop the business further with the introduction of early breakfast opening, a delivery service which would cater for other local businesses and a website and stronger social media profile. 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:
Display unit

Microwave x 2

Grill

Toaster (double)

Hot plate

Electric oven

2 coffee machines

Commercial double fridge ridge

Display freezer

Tables chairs etc

Domestic fridge

32” bush tv

Display drinks fridge

Shutters

Soup maker

Till
Trading Hours:
Mon - Closed
Tue - 9am - 4pm
Wed - 9am - 4pm
Thur - 9am - 4pm
Fri - 9am - 4pm
Sat - 9am - 4pm
Sun - 9am - 4pm

Tenure: Leasehold

Location Details: Radcliffe

Leasehold Term: Rent: £114 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6513
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