| (REF: 1052) Cafe in Radcliffe For Sale |
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| Seller Reference: |
1052 |
| B4S Reference: |
25939 |
| Asking Price: |
£17,500
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| Net Profit: |
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| Sales Revenue: |
£35,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
4 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Radcliffe, Greater Manchester, United Kingdom |
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Key Features:
Good reputation and regular customer base
Established for 4 years
Three floor building
Turn over £1200PW, GP 48%
Net Profit of £35,000+
Development of business
Currently run by owner
Situation
The fantastic business has 4 years successful trading and has been in our owners hands for the past 18 Months, with a high amount of repeat and regular custom. This business is a must see for any person looking for a good business investment. The business is priced for a quick sale as our client needs to leave the business for Health reasons. The location of Montagues is just 5 minutes away from the tram station. With the bus station also being right behind it, it makes the business very easily accessed.
This well known sandwich bar is situated in a densely populated area with a high amount of foot fall this business is situated on the busiest street in the heart of the Town centre of Radcliffe
This is a fantastic turn key business. The leasehold was originally 18 Months however. The landlord has guaranteed to renew the lease.
Business
Montagues is a coffee bar which offers hot & cold meals, snacks and drinks, with a fantastic seating area to enjoy the selection of hot food on offer. Also our client currently offers a selection of fresh ground coffee, which is currently the only cafe offering such a wide selection. Our client has worked very hard in building this business over the years and has an excellent reputation due to its good quality services. This business would be ideal for partnership or individuals willing to put time and effort into the business. The current turnover is approx £1200 PW, with GP 48% although there are opportunities to further Montagues income:
Longer opening hours and opening at weekends as the current opening hours are Mon Fri 8:00am to 2:00pm and closed Sun.
Opening the other two floor to the building for more seating areas
Montagues also offer delivery service to local workplaces such as offices and a buffet service to companies.
Currently there are enough covers to seat 25 indoors and 16 outside in the patio area.
Our client is only putting this fantastic trading business on the current market due to personal reasons,
There is so much room to grow this business with ease, by offering the 1st and second floor as a seating area for the café ect.
The kitchen is fully equipped and with it being stainless steel, it gives a neater look to the room.
Financial Information
Current turnover in the region of £65,000 per annum with good profits and HUGE scope to increase.
Lease
The premises are being offered with the benefit of a secure renew able 2-year lease with review every 2 years.
Rent
The current rent stands at just £8,500 per annum.
The business building
The premises consist of a three floors
Ground floor the ground floor consists of a welcoming entrance, sales and display area, 2 glass fronted display units, fridge for drinks, 25x covers, counter with electric till, preparation area, coffee machine
First Floor the first floor currently consist of a large storage area and office.
2nd floor the second floor of the building is currently empty and used for storage.
Externally externally the business has great parking facilities and occupiers up to 3 vehicles.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the Offices of Local commercial. And no approaches what so ever should be made to the owner or the business. For an appointment to view please telephone 01254 776022.
Quote Ref 1052
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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