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Established, Branded, Independent Noodle Bar In Fallowfield For Sale

Fallowfield, Greater Manchester, UK
Asking Price:
£180,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£500K - £1M
Net Profit:
£50K - £100K

Well-established (since 2003) Noodle Bar for sale in Manchester student area.

Very loyal customer base, very well-presented restaurant with high-quality fixtures and fittings, ready to trade.

Huge potential by way longer opening hours and newer ideas/menu. Currently closed lunch time.

Key prominent location with service yard and free parking to the rear.

The restaurant will seat up to 48 covers plus takeaway trade. Good landlord, Rent £20,500 pa, Rates £224 pm, Lease ends 2030 with the option to renew.

Good social media following on Instagram.

For more information, please contact us by using the form below and do not contact the restaurant. Staff are unaware. Thank you.

Property Information

Property:

Leasehold

Lease Terms:

Lease until 2030. Lease renewable.

Leasehold Rent:

£20,500 per annum

Living Accommodation:

None, lock up

Location:

Prime high street, student residential area with good night life. Also private school and businesses in the vicinity.

Premises Details:

Block of 4 retail shops

Size in square feet:
1000 sq feet
Planning Consent:

A3 restaurant and also consent for outside seating on the patio. Existing raised patio outside with seating.

Business Operation

Expansion Potential:

As an independent, there are plenty of opportunities by way of expanding as a chain as the concept is scalable and got all the right ingredients for successful expansion. Just needs the right couple, motivation and finance to take it to the next level.

Competition / Market:

As an established business we tend to find our customers very loyal. Also there is lots potential for new younger audience by way of latest food trends.

Reasons for selling:

Retirement

Trading hours:

Evenings with potential by reopening lunch time

Employees:
Approx 10
Years established:
Since 2003

Other Information

Support & training:

To the right buyer, we would be happy to assist and get everything running smoothly, from purchasing stock and general management.

Furniture / Fixtures value:
£120,000 - included in the asking price
Inventory / Stock value:
£5,000 - included in the asking price