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Established Cafe Ashton under Lyne

Ashton under Lyne, Manchester
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Established Cafe - Ashton-under-LyneEstablished Cafe - Ashton-under-LyneEstablished Cafe - Ashton-under-LyneEstablished Cafe - Ashton-under-LyneEstablished Cafe - Ashton-under-Lyne
  • Leasehold: £85,000
  • Turnover: £229,114 £4,406 Per week
  • Net Profit: Not Applicable

Business Details

    Shopping Centre Trading Position

    Café Serving Food, Breakfasts, Wraps, Toasties

    Annual Turnover Year End March 2022 - £229,114

    Gross Profit Year End March 2022 - £160,649

    Financial Information Available After Viewing

    Seating For 50

    High Footfall Area

    Beautifully Presented Fully Equipped

    Five Star Hygiene Rating

    Scope For Outside Catering

    Potential To Expand Delivery Service

    Scope For Social Media

    Potential For Website With Ordering System

Description:
REF 7525 – Leasehold Coffee Bar / Cafe
Blacks Business Brokers are pleased to bring to the market this leasehold coffee bar /cafe located in Ashton-under-Lyne, Greater Manchester.

INTRODUCTION
Rosie's Coffee Bar And Kitchen was established by our client in this bustling area of Ashton-under-Lyne in 2020. The business offers a variety of freshly prepared food, drinks and snacks. It has become very 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 excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google, Facebook and Just Eat. Rosie's Coffee Bar And Kitchen has a good social media presence.

LOCATION
Rosie's Coffee Bar And Kitchen occupies a prominent trading position within a busy shopping centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Boots, Bodycare and Card Factory. The area is well linked by the M60 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business 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 Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a five year lease which began in 2020 at a cost of £519 per week. Note: the lease price increases by £38 per week in 2022 and £19 per week in 2023 and 2024.

STAFF
The business operates with eight part time members of staff in employment supporting our client working in a hands on management role.

FINANCIAL DETAILS
Rosie's Coffee Bar And Kitchen has traded solidly since opening and our client has established a strong repeat customer base. We are advised from the recent management accounts that the business has an Annual Turnover Year End March 2022 - £229,114, and a Gross Profit Year End March 2022 - £160,649. Full financial information is available upon request.

BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This newly fitted, immaculate business occupies an enviable trading position in a busy and highly sought after area of Ashton-under-Lyne. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu options and longer opening hours, possibly a new delivery service where appropriate. A new owner could also look into outside catering and a website with ordering system. 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
Rosie's Coffee Bar And Kitchen operates from the ground floor of a spacious retail unit in this bustling shopping centre. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the front of the shop with kitchen, preparation area, toilets and storage room to the rear of this. There is seating available for thirty inside and a further twenty outside – this is still indoors within the shopping centre. All areas are well equipped and presented nicely having been fully refurbished in 2020.



Fixtures & Fittings:
Tables
Chairs
Cooler Display Cabinets
All Kitchen Equipment
Slush Puppy and Milkshake Makers


Opening Hours:
MON - SAT: 09:00 - 17:00 SUN: 10:00 - 16:00


Weekly Rent:
£519 Per Week. Weekly Rent:
£519 Per Week.
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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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