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Established Cafe - In Radcliffe For Sale

Radcliffe, Greater Manchester
Asking Price:
£19,995 Furniture / Fixtures included
Sales Revenue:
£41,600
Cash Flow:
Available on request

Main Road Trading Position
Previous Annual Turnover £41,600
Previous Gross Profit £24,960
Further Financial Info Available After Viewing
Five Star Food Hygiene Rating
Fantastic Online Reviews
Seating For 10
Scope For Longer Opening Hours/Days
Potential To Expand Menu
Scope To Introduce Deliveries
Could Accommodate Any Cuisine
Prominent Trading Location
EPC – C

Ref 6941 – leasehold closed cafe

blacks brokers are pleased to bring to the market this leasehold café located in a busy area of bury, greater manchester.

Introduction

the cosy corner was established in 2014 and our client has been in ownership since 2017. The cafe is very well known and had a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business had an excellent reputation, five star food hygiene rating and superb reviews are noted on google and facebook.

Location

the cosy corner occupies a prominent trading position within a small parade of shops which is opposite a large high school. The area is densely populated and highly sought after. Bury town centre and newbank garden centre are also close by. Bury is well linked by the m66 and m60 with strong public transport links and parking is available immediately outside.

Reason for sale

the business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business commitments being higher than anticipated, 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 insure lease (fri). This is the most common form of commercial lease. The current lease is a three year lease which began in 2017 at a cost of £138.50 per week.

Building layout and design

the cosy corner operates from a single storey, end-terraced property. The business has large branding and signage on display above a mainly glazed frontage. Inside, the main dining area offers seating for ten with counter/servery positioned to the back. The servery has glass display ovens built in with preparation area behind. To the rear is a well equipped kitchen fitted with under-counter freezers, oven, microwaves, fryer, cooker and much more. There is also a good sized back yard to the rear and a storeroom and office along with a staff and customer toilet. All areas are presented well and all equipment is of a good standard.

Staff

the business operates with only our client in employment working on a full time basis.

Financial details

the cosy corner traded solidly since opening and our client established a strong customer base. We are advised that the business currently has annual turnover of £41,600 with gross profits of £24,960. It is to be noted that the business is currently operating on limited hours to suit the needs of our client’s busy life – there is much scope and demand to extend these opening hours and offer additional evening service with delivery/takeaway options.

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 is a well established sandwich shop which has been finished to a good standard. The shop provides an excellent sandwich trade to local businesses and residents as well as students from the local high school. There is plenty of scope to develop the business further with the introduction of a delivery service along with the implementation of a website with ordering service and the potential for longer opening with the addition of staff or an owner operating team. Therefore, 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.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 07:30 - 15:00
SAT: 09:00 - 14:00

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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