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Established Cafe Bury

Bury, Manchester
Leasehold Price:
£14,500
Status
FOR SALE
Advert ID
258004
Reference
7161 / Rightbiz
    Town Centre Location

    Turnover From Aug 19 to Feb 20 - £21,705

    Projected Annual Turnover £65,000

    Further Financial Information Upon Viewing

    5* Food Hygiene Rating

    Excellent Reputation

    Seating For 8

    Close To East Lancashire Railway Station

    Currently Operating On Short Hours

    Scope For Weekend Trade

    Scope To Introduce Deliveries

    Potential To Change Menu

    Scope To Introduce UberEats

    EPC – E

Description:
REF 7161 – Leasehold Sandwich Bar


Blacks Business Brokers are pleased to bring to the market this leasehold sandwich bar located in the busy town centre of Bury, Lancashire. INTRODUCTION
Expresso's has been trading on Bolton Street for over 25 years with our client in ownership since 2019. The business is well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this main road trading position. Our client has ensured the business has an excellent reputation, five star hygiene rating and superb reviews are noted online.

LOCATION
Expresso's occupies a prominent trading position within Bury town centre. The business is very close to the ever popular East Lancashire Railway station, Bury Leisure Centre and The Transport Museum. Bury is well linked by the M66 and M60 with excellent public transport links and parking is available in the immediate vicinity. Neighbouring businesses include independent retailers, offices and large multiples such as Tesco, Boots, The Halifax and many more. Ideally positioned for work commuters being based on the entrance/exit of Bury Town Centre

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments it is offered for sale. This 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 2017 at a cost of £200 per week.

STAFF
The business is currently operating with two members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS
Expresso's has traded exceptionally well since our client took ownership. We are advised that the business is projected to make an annual turnover of £65,000. 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 occupies a superb trading position in a busy area of Bury and offers great expansion opportunities. There is plenty of scope to develop the business further with the introduction of new opening hours to include weekends and a local delivery service. A strong marketing drive could also be beneficial along with healthy meal offers for members of the leisure centre directly opposite. This business is priced for a swift sale and we believe 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:
BUILDING LAYOUT AND DESIGN
Expresso's operates from the ground floor of an end terraced property within a parade of shops and other businesses. The business is very well branded with large, clear signage displayed above a matching fully glazed frontage. Inside, the shop is presented very well with wooden flooring throughout, wall mounted menu boards and a seating area for eight. The servery/counter area is fitted with a large refrigerated display unit with small preparation area behind. The kitchen, wash room and storage area are to the rear of the shop. The kitchen is fully equipped with stainless steel worktops, toasters, fryers, food warmer, fridges, freezers and much more. All areas are furnished with good quality fixtures and fittings. To the rear of the property is an enclosed yard.



Fixtures & Fittings:
Under Counter Fridges x 2
Freezers x 2
Chilled Glass Display Counter
Tables
Chairs
Cooker
Toaster x 2
Fryer
Microwave x 2
Stainless Steel Worktops
Bain Marie
Double Stainless Steel Sink
Fryer x 2
Food Warmer


Opening Hours:
MON - FRI: 08:00 - 14:30


Weekly Rent:
£200 Per Week. Weekly Rent:
£200 Per Week.
Listing Details
Leasehold Price: £14,500
Tenure: Leasehold
Location: Bury, Manchester
Sector: Cafes, Tea Rooms
Financials
Annual Turnover: £21,705
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 7161 / Rightbiz

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