Cafes for sale in Crewe

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John Peacock (Feb 2017)
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Leasehold Price: £29,495 Price Reduced Annual Turnover: £93,000
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Business Description
Excellent Town Centre Location Near Schools & Asda
Annual Turnover £93,000 Over 11 Months
Refurbished 2 Bedroom Accommodation
Large Garden to Rear
4.8 Rating On Google
2000+ Followers on Facebook
Seating for 35 Inside & 36 Outside
Closed Mondays
EPC - C
REF 6267 – Leasehold Waffle & Ice Cream Cafe With Accommodation

Blacks Brokers are pleased to bring to the market this leasehold waffle, burgers, pizza & ice cream café with accommodation located in the busy town centre of Crewe, Cheshire.

INTRODUCTION

Legend Waffles was established by our client in 2017 and being in such a busy location on Hightown, the business has quickly become very well known in the area with a large base of regular customers and passing trade. The business sells a wide rang of sweet and savory foods from waffles and milkshake to burgers and pizzas with delivery available Tuesday - Friday 5pm - 9:30pm. Legend Waffles also boasts a strong social media presence with over 2,000 followers, 5-star Facebook ratings and a 4.8 rating on Google.

LOCATION

The business is positioned within the town centre of Crewe close to many other local businesses, two schools and large multiples including Asda. The area is well linked by the M6 and Jubilee Gardens is nearby. Public transport links are excellent and there is free parking available in the immediate area.

REASON FOR SALE

Our client has built this successful business and there is potential to grow the business further but due to family commitments, this this very busy café is reluctantly for sale and would be an ideal acquisition for a small team or partnership.

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 four years and began in August 2016 at a cost of £182 per week. The rent increases by £1,000 a year. The flat above isn't included in the business lease but it can be made an option via negotiation with the landlord. A new lease may be negotiable with the landlord.

BUILDING LAYOUT AND DESIGN

Legend Waffles operates from the ground floor of this large, end terraced property with the accommodation positioned within the first floor.

The business is well presented with bright signage displayed above a fully glazed, double frontage. Inside, the café is finished to a very high standard, with the main café offering seating for 35. There is tiled flooring throughout, contemporary décor and a large servery area with fridge and freezer display units. To the rear of the building is an impressive, enclosed garden area offering seating for a further 36 and this has the capacity for more seating if desired. The kitchen is well equipped with waffle machines, ninja mixer, popcorn machine and much more. There is also a staff room, stock room and both staff and customer toilets.

The accommodation has recently undergone a full refurbishment and is again, presented to a high standard. There are two bedrooms, lounge, fitted kitchen and family bathroom.

STAFF

The business is currently operating with our client working on a full-time basis along with one member of staff and one volunteer assistant.

FINANCIAL DETAILS

The business has traded solidly since opening in 2017 and has grown in popularity bringing impressive takings month on month. The business generates an annual turnover of £93,000 which is over 11 months.

SUMMARY

This leasehold business is newly established and beautifully presented with a good base of regular customers and an excellent reputation – this includes excellent online reviews. There is plenty of scope to develop the business further with the introduction of outside catering to include festivals and events along with application for an alcohol licence and late opening, additional hours and a strong marketing drive. This proposition would potentially suit a first-time buyer or partnership looking for an instant client base who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Tables and chairs (35 inside) plus outside catering (36 outside) more space for tables

3 x Small fridge

1 x Large fridge

1 x Freezer

Ice cream freezer

Small freezer

Coffee machine

Coffee grinder

Till

Waffle machine = 2 x double, 1 x hot dog, 4 x square, 2 x small single

Ninja mixer

Microwave

Popcorn machine

Double cooker

Dishwasher

Sink
Trading Hours:
Mon - Closed
Tue - Sun - 12pm - 9pm

Tenure: Leasehold

Location Details: Crewe

Leasehold Term: Rent: £182 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6267
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