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Well Established Cafe In Busy Location

Leeds, West Yorkshire
Leasehold Price:
£89,995
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
217787
Reference
B04200 / Rightbiz

Details

Business
Hilton Smythe are delighted to offer to the market David Street Cafe, an extremely well-established cafe located in Leeds.

The Cafe has been run by our client for the last 26 years and has been in the same location for the last 9 years.

The business is now being offered to the market as our client is wishing to retire.

David Street Cafe is situated within an attractive, corner positioned premises providing seating area with 20+ covers, customer WC and commercial kitchen.

The cafe currently offers a menu of:

• English Breakfast
• Sandwiches
• Soups
• Daily specials

David Street Cafe has excellent reviews on Google and Trip Advisor with customers stating,

‘The food was very good quality, a decent size portion & served promptly. There is a big choice of food, something for everyone. I will look forward to going back in the near future.’

‘This is where my team and I often grab our lunch from. Lots of choice and despite being very busy (sign of how good it is) John and the team always stay calm and polite.’

The current owner is offering a hand over period to introduce the purchaser to the regular customers and keep up the fantastic reputation the cafe already has.

At present our client doesn’t advertise, the custom comes from passing shoppers, office staff located in the offices surrounding the cafe, regular customers and word of mouth recommendations.

There is plenty of scope to improve turnover such as pushing the outside catering side, using social media, advertising, and leaflet dropping.

Also, to increase the custom if desired there are options to utilise marketing websites such as just eat, hungry house etc.

We feel this business would suit a partnership, with the ample scope to push the already thriving business to the next level.

This is an excellent opportunity in such a sought for location, early viewing is advised.

Please contact Hilton Smythe and viewings are strictly by appointment only.

Location
The business is located on Water Lane, in Leeds, Wythenshawe.

The business is surrounded by a wealth of shops, offices and businesses and benefits from a high volume of footfall and passing trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property.

Leeds central station is just an 8-minute walk away.

The area is also well served by the A-roads within easy driving distance of the business, which link to the M621 motorway network.

Premises
David Street Cafe is situated on Water Lane, Leeds providing ample footfall and custom from the surrounding businesses.

The property is well presented inside and out with good signage and attractive décor.

Ground floor premises

• Counter and seating area (total of 20 + covers)
• WC
• Fully equipped commercial kitchen

Equipment included in the sale briefly comprises of;

• Commercial oven
• Microwaves
• Kettle
• Toaster
• Stainless steel worktops
• Double sink

Tenure
We are advised the business is Leasehold. A new lease has been signed in 2019 for 5 years at £10,500 per annum.

Hours
Currently trading 7 days a week.

Monday – Friday 7.00 am - 5.00 pm
Saturday - Sunday 7.00 am - 12.00 pm

Staff
The business is currently owner ran with help from 2-part time staff members and 1 full time staff member.

Financial Profile
The reports for 2018 show a turnover of £195,000

Seller Details
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Listing Details
Leasehold Price: £89,995
Tenure: Leasehold
Sector: Cafes, Tea Rooms
Financials
Annual Turnover: £195,008
Location Statistics
What's nearbyi:
Rainbow International Ltd (approx. 0 mile)
All Bar One Millenium Square Leeds (approx. 0 mile)
Both Arms (approx. 0 mile)
The Film House (approx. 0 mile)
Nelson Mandela Gardens (approx. 0 mile)
Be At One Leeds (approx. 0 mile)
The Art Gallery Shop (approx. 0 mile)
Calverley Street (stop Y12) (approx. 0 mile)
Information & Research Library (approx. 0 mile)
merrion center (approx. 0 mile)
Listing Statistics
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