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Thriving Cafe, in Perfect Trading Position

Middlesbrough, North Yorkshire
Leasehold Price:
£18,999
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
237856
Reference
B05010 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market No 1 Diner.



Occupying a prominent and monopoly trading position within this large industrial area. This family run café has seen year on year growth since opening in 1996 with our client taking over in 2016.



The café offers hot and cold food to either eat in or take away. Dishes include home-made curries, pies, jacket potatoes and daily specials.



The café reports a good turnover of £78,000 with a gross profit at 65% for this financial year.



The open plan café caters for up to 23 covers and boasts a large fully equipped kitchen. Our client also offers a delivery service in the area.



We believe the business has scope for growth, perhaps by offering an outside catering service or extending opening hours to increase turnover.



We highly recommend early viewing of this turn key business venture, which genuinely comes to the market as our client looks towards a well-deserved retirement.

Location
No 1 Diner is located in the large town of Middlesbrough in North Yorkshire.



The business is located within a thriving and well-known commercial area of the town, surrounded by a plethora of service industries.



The business is ideally located just off the heavily used commuter road A66 connecting the town to the A1(M) and national motorway network beyond.



The business benefits from ample parking to the front for both owners’ and customers alike.

Premises
The main entrance to the cafe is from an open car parking area providing plenty of space for owner and customers alike.



The open plan cafe caters for up to 23 covers, all seated at tables.



To the right of the entrance is a toilet with wash basin and a separate store room.



The serving area is to the right with a refrigerated serve over display unit and chest freezer for storage. This leads to the open plan kitchen area.



The open plan kitchen runs almost the full length of the cafe and is well equipped with:

•Oven and hob,

•Freezers x 2

•Hot plate,

•Fryer,

•Toaster,

•Microwaves x 3

•Grill,

•Fridges,

•Prep area with sink,

•Extractor unit,

•Fridge

•Plenty of under counter storage.

Tenure
We are advised the business is being sold as a Leasehold opportunity.



The original lease length is 3 years, with 2.5 years remaining.



Rent is £5150 per annum

Hours
The business opens: -

Monday to Friday 7.00am – 1.30pm

Saturday 7.00am – 11.30am

Sunday - Closed

Staff
The business is owner run and managed with the assistance of 2 part time members of staff.

Financial Profile
The café reports a good turnover of £78,000 with a gross profit at 65% for this financial year.



£18,999
Seller Details
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Listing Details
Leasehold Price: £18,999
Tenure: Leasehold
Sector: Cafes
Financials
Annual Turnover: £78,000
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