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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Licensed Deli Coffee Shop & Eatery In Altrincham

Altrincham, Manchester
Leasehold Price:
£175,000
Status
SOLD / WITHDRAWN
Advert ID
226629
Reference
6417 / Rightbiz
    Brilliant Trading Location

    Annual Turnover £300,000

    Gross Profit £170,000

    Customer Seating For 28 Inside

    Further 52 Seats Outside

    Ran Under Management

    Scope To Increase Trading Hours

    EPC - D

Description:
6417 Licensed Deli Coffee Shop & Eatery In Altrincham
Blacks Business Brokers are delighted to present to the market this impressive deli coffee shop and licensed eatery in the Hale and Altrincham area. The deli was started in 2012 with the concept of providing a continental style eatery in the area.

INTRODUCTION
The Little Deli (Hale), is a well established local eatery, serving food and drink from 8am to 4pm, 7 days a week to the people of Hale and Altrincham. Established in 2013, The Little Deli (Hale) is located in one of the most affluent areas of Greater Manchester and the Deli’s concept compliments this demographic, with quality coffee, brunch and lunch served throughout the day. This is an outstanding opportunity for an artisan operator to acquire this high profile and popular business.

LOCATION
The deli is situated adjacent to Stamford Park and it’s located on the junction of Stamford Park Road and Hawthorne Road. Altrincham town centre lies approximately quarter of a mile to the east. The town of Hale falls within the borough of Trafford and is approximately 9 miles to the south east of Manchester city centre. 2011 census put the population adjuster over 15,000 people. Hale, Bowden and Hale Barns are regarded as the wealthiest areas in Greater Manchester and between them contain some of the most expensive properties in England outside London.

REASON FOR SALE
Our vendor’s have a long track history of being serial entrepreneurs with their next project requiring capital, the decision to sell the little deli complete has been taken. It is of important note that their next venture is not within hospitality.

LEASE
The property is held on a six year occupation agreement which was signed in 2018. Rent reviews are at six yearly intervals. The rent is £288 per week.

BUILDING LAYOUT AND DESIGN
The main customer area features approximately 28 customer seats and is serviced by a catering kitchen and bar area. The outside has an alfresco dining area with a further 52 seats.

STAFF
The business is run under management with three full-time staff and three part-time staff.

FINANCIAL DETAILS
We are advised that the business currently makes an annual turnover, year ending 2018, £300,000 net of VAT with the EBITDA approximately £64,000.

SUMMARY
This is an outstanding opportunity for an owner operator to acquire an established business that reflects the affluence and aspirations of the local community perfectly. The business has perfected its ethos and menu and is now a highly regarded and profitable business. New owners there for have a superb launch pad from which to launch and develop a portfolio of locations or indeed capitalise on the profits already made here.

Opening Hours:
Mon - Sat - 8am - 4pmSun - 9am - 4pm


Weekly Rent:
£288 Per Week.
Listing Details
Leasehold Price: £175,000
Tenure: Leasehold
Location: Altrincham, Manchester
Sector: Cafes, Bars
Financials
Annual Turnover: £300,000
Annual Net Profit: £64,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6417 / Rightbiz

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