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Saturday 23rd of Sep 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£19,950

American Themed Diner In Great Location Premium Advert

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Reference13923 D / RightBiz
Status
FOR SALE
Advert ID197497
LocationOldham, Manchester
SectorRestaurants, Bistros
Leasehold Price£19,950
Annual Turnover£78,000
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LOCATION
The business is situated on Lime Green Road on the outskirts of Oldham, Greater Manchester at the end of a parade of shops including takeaways and a large convenience store.

The business is in densely populated residential area, with a bus stop in front and a school opposite.

Passing traffic and footfall is high but there is free shopping car park to the rear and in the immediate area.

It is in an excellent location for its takeaway and sit down trade.


BUSINESS
Hilton Smythe welcomes to the market the stunning and busy Takeaway and Diner known as Lulu’s American Diner.

•The Diner has an American theme with décor and fittings to match (including a juke box ).
•Its menu includes milkshakes and floats, bagels, subs and heroes, fresh hand pressed burgers, hot dogs, sides, desserts, waffles, ice cream and kids meals.
•It is both a takeaway and a Diner with seating for 19 covers.
•It is on Just Eat and delivers locally.
•Our client has owned the business since April 2016 and now sells to concentrate on other business interests.
•The business has built up a good reputation with many repeat customers .
•The business has built up good sales and profits.
•The business is fitted out, and has been refurbished and decorated to a high standard, which has helped to create and maintain its good sales.
•This is an attractive business marketed at a reduced price for an early sale.
•The owner is not hands on so staff savings are possible.

This is a good cash business but further growth will happen generically and could easily be pushed with marketing, longer hours, offers and changes or additions to the menu.
PREMISES & EQUIPMENT
The attractive end parade property has a street entrance leading to a stunning Diner and Takeaway with a serve over display unit and service counter in front and good quality fittings and units throughout.

There is seating for 19 covers in the diner with seating for 12 in 2 luxurious red leather bays, 3 stools and dining counter and 4 on outside tables.

Behind the counter is a good sized spacious service area.
There is a well fitted equipped kitchen to the rear.
Toilet and stock area is also at the rear.
The rear door leads to a small passageway which leads to both the rear car park and a secure storeroom.

There are shutters both at the front and rear.
The Diner has the benefit of air conditioning, alarm and cctv.
The premises are exceptionally clean and tidy and beautifully presented.

The inventory includes an air conditioning unit, display units, coffee machine, drinks cooler, juke box, deep fat fryer, Bain Marie, microwave, 2 freezers, 2 fridges, alarm and cctv.

We are advised that the assets are worth in the region of £10000.

TENURE
We are advised that the premises are held under a rolling Lease at the rent of £150 pw.

We are advised that the Landlord would be prepared to enter into a fixed term Lease.
HOURS

Monday closed
Tuesday 3-9
Wednesday 3-9
Thursday 2-10
Friday 12-10
Saturday 12-10
Sunday 5-9

STAFF
The business employs 1 full time member of staff and an evening delivery driver.

FINANCIAL PROFILE
We are advised that turnover is approximately £1500 per week with a Gross Profit of 65%

The business is exempt from business rates.
Electricity is £50 pw
There is no gas.

Overheads are low.
The business carries about £300 stock.


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