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Coffee Shop Cafe & Accommodation Whitefield

Whitefield, Manchester
Leasehold Price:
£29,995
Status
FOR SALE
Advert ID
234732
Reference
6618 / Rightbiz
    Main Road Trading Location

    Annual Turnover £70,000

    Gross Profit £28,583

    Accounts Available Upon Viewing

    Potential To Open Longer

    Scope To Trade Weekends

    Huge Potential In Delivery Service

    5 Star Food Hygiene Rating

    Low Rent £153 Per Week

    Includes Two Bedroom Flat

    Well Equipped & Presented

    Large Local Customer Base

    Excellent Online Reviews

    EPC - D

Description:
REF 6618 – Leasehold Coffee Shop/Café & Accommodation
Blacks Business Brokers are pleased to bring to the market this leasehold coffee shop/café with accommodation located on a busy main road in Whitefield, Greater Manchester.

INTRODUCTION
Coffee and Spice was established by our client in 2009 due to a lack of cafes in this area and this superb main road position. The café has become very well known and has a large base of regular local customers and an excellent reputation. There are superb reviews noted on Facebook, Google, Trip Advisor and Just Eat.

LOCATION
Located on Bury Old Road in Whitefield, the business benefits from plentiful footfall in addition to a large amount of local residents. The area is well linked by the M62 and M60 with excellent public transport links and parking is available close by. Other local businesses include independent retailers such as a beauty salon and dry cleaners as well as large multiples including Tesco Express and McDonalds.

REASON FOR SALE
The business is well suited to an owner operator, however due to the demands of our client's other business commitments being higher than anticipated the business is offered for sale and 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 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 five years and began in 2014 at a cost of only £153 per week. The lease will end in May 2019 when a rent review will take place and the lease will become a rolling agreement. A new lease may be negotiable with the landlord.

STAFF
The business is currently operating with our client and partner in part time employment supported by two part time members of staff.

FINANCIAL DETAILS
Coffee and Spice has traded solidly since opening and shows growth year on year. We are advised that the business currently has annual turnover of £75,000 with gross profit of £48,750. Full financial details are available upon viewing.

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 leasehold business with accommodation occupies a prominent main road trading position in a busy area of Whitefield. There is plenty of scope to develop the business further with the introduction of longer opening hours and weekend trade. There is also huge potential to offer a delivery service in the local area. 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.

Accomodation:
Coffee and Spice occupies the ground floor of a mid terraced property within a parade of shops, businesses and residential properties. The business is well branded with large striking signage displayed above a fully glazed frontage. There is a small seating area for four immediately to the front. Inside, the main dining area offers seating for sixteen and is presented nicely with large, well equipped kitchen to the rear. The kitchen is fitted with a range of equipment including griddle, hot plate, deep fat fryer, fridges, freezers and much more. At the back of the property is a refuge area and storage room.



The accommodation is positioned within the first and second floor of the property. The first floor has two large double bedrooms, and a bathroom. The second floor comprises of a large lounge and further storage. All areas are presented well with good quality fixtures and fittings in place.

Fixtures & Fittings:
Brasilia coffee machine
Chiller display cabinet
Tables chairs
Sofas
Drinks fridge
Two under counter fridges
1 Chest freezer
Upright fridge x 2 8 ring burner gas oven
Griddle
Bain Marie
Hotplate
Deep fat fryer
2 Microwaves
Safe

Opening Hours:
Mon - Fri - 10am - 5pmSat & Sun - Closed


Weekly Rent:
£153 Per Week. Weekly Rent:
£153 Per Week.
Listing Details
Leasehold Price: £29,995
Tenure: Leasehold
Location: Whitefield, Manchester
Sector: Cafes, Tea Rooms
Financials
Annual Turnover: £70,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6618 / Rightbiz

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