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Established Cafe In Prestwich For Sale

Prestwich, Greater Manchester
Asking Price:
£19,950
Turnover:
£83,200
Net Profit:
Not applicable

This well established business has been owned by our client since 2003 and is only for sale today due to allow our client to retire. The business achieves its current level of turnover, whilst offering further potential for an enthusiastic owner operator to increase the takings, by way of, for example, introducing a delivery service and/or seven day openings.

Property information

Property:

Leasehold

Lease Terms:

20 year lease from 2003, with 3 yearly rent reviews

Leasehold Rent:

£14,040 per annum

Location:

Prestwich is a town within the Metropolitan Borough of Bury, in Greater Manchester. It lies close to the River Irwell, 3.3 miles north of Manchester city centre, 3.1 miles north of Salford and 4.7 miles south of Bury. Prestwich lies to the east of the River Irwell and is bounded on the north by Whitefield, on the east by Heaton Park, to the west by the Prestwich Forest Park and the Irwell Valley (Agecroft and Clifton) and to the south by the City of Salford. It has good transport links to Manchester city centre, Bury and other parts of Greater Manchester.

This business is superbly located within the middle of a parade, on a very busy main road in a very busy area. The business is surrounded by shops, eateries, supermarkets, large residential area & offices. Planning permission has been granted for approximately 200 new homes in the area.

Premises Details:

The premises with retractable canopy covered al fresco seating area for approximately 6 provide entrance, seating area for approximately 16, large service counter, large deli style chilled display unit, hot drinks preparation area, open plan kitchen providing preparation area, large hot plate, 6 burner oven, wash up area, rear exit to yard, bin area & owner parking. Stairs lead down to 3 store rooms, office, ladies & gents WC facilities.

Energy Performance Rating:
F  View EPC Graph for this property

Business Operation

Competition / Market:

• Taking £1,400-£1,600 per week
• No deliveries
• Mid parade
• Very busy main road
• Seating for approx 16 plus al fresco seating for 6
• Surrounded by shops, eateries, supermarkets, large residential area & offices
• Scope to introduce a delivery service and/or longer opening hours
• Rent £270 per week
• Hours of Opening 7:30am – 3:00pm Monday to Friday
• 20 year lease from 2003, with 3 yearly rent reviews

Trading hours:

7:30am – 3:00pm Monday to Friday

Contact Information

    1. Your Address

    2. Optional
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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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