Cafe in Morley, Leeds with catering division available for acquisition due to owner's retirement.
Leeds, West YorkshireEst. 7 years
- Status
FOR SALE
- Advert ID
659224
- Reference
591820 / Rightbiz
- Call Agent:
- Leasehold: £69,950
- Turnover: £260,000 (£5,000 per week)
- Profit: Not Applicable
Business Details
Cafe & Sandwich Bars For Sale in Leeds
CAFE in Morley for Sale.A rare opportunity to acquire a well-established and highly regarded traditional cafe occupying a prominent High Street position in the heart of Morley, Leeds.
Trading successfully for many years, the business has built an excellent reputation within the local community and benefits from a loyal customer base, strong repeat trade and consistently high levels of footfall. The cafe has been owned and operated by the current proprietor for the past seven years and is now being offered to the market due to retirement.
In addition to its thriving cafe operation, the business enjoys a successful outside catering division, providing an additional income stream and offering further scope for expansion. The business also benefits from a strong online presence, including approximately 8,000 Facebook followers.
The premises provide a welcoming main cafe area with seating for 21 customers together with a serving counter, coffee station and preparation area. A fully equipped commercial kitchen supports the day-to-day operation, whilst customer toilet facilities and a secondary cafe seating area (also used for private functions / afternoon teas) accommodate a further 19 customers. Externally, there is an attractive outdoor seating area providing space for approximately 20 customers.
The lower ground floor offers substantial additional space, currently utilised as a food preparation area for the outside catering business together with extensive storage facilities.
The cafe currently generates a turnover of approximately £3,500 per week, with the outside catering operation producing a turnover of approximately £70,000 per annum.
The business is presently operated predominantly by staff, presenting an excellent opportunity for a hands-on owner operator or working couple to increase profitability and further develop both the cafe and catering sides of the enterprise.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
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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.
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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.'.
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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.
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