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Popular Cafe Bar Manchester City Centre For Sale

Manchester, Greater Manchester
Asking Price:
On request Furniture / Fixtures included
Turnover:
£260,000
Net Profit:
Available on request

Prominent Trading Position
Previous Annual Turnover £260,000
Previous Gross Profit £117,000
Beautifully Presented Throughout
Ancoats Area Of Manchester
Seating For 56
24 Point CCTV In Place
Free Parking In Immediate Area
Excellent Online Reviews
Scope To Expand Food Menu
Closed Monday & Tuesday
Potential For Late Licence
EPC - B

REF 6722 – Leasehold Cafe/Bar

Blacks Brokers are pleased to bring to the market this leasehold cafe/bar located in the highly sought after and bustling area of Ancoats, Manchester.

INTRODUCTION

Jungle Jazz has been trading on Oldham Road since 2017. Our client established the business here due to the popularity of this area. The Ancoats area of Manchester was recently voted the 13th coolest neighbourhood in the world. The business had established an excellent reputation in the area with a large base of regulars including city workers and clubbers. The business had a very large online and social media presence with excellent reviews noted on Facebook, Google, Groupon and Trip Advisor.

LOCATION

As mentioned above, the business is positioned in a busy area of Ancoats in the city centre. The area is well linked by the A57(M) and M60 with superb public transport links and free layby parking is available in the immediate area. Neighbouring businesses include a range of eateries, offices, independent retailers and pubs. The famous Frog & Bucket Comedy Club is within walking distance along with Ancoats Travelodge and Band On The Wall.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator. Due to our client’s relocation, the business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a seven year lease which began in 2017 at a cost of £385 per week.

BUILDING LAYOUT AND DESIGN

Jungle Jazz operates from the ground floor of an impressive corner property on a very busy main road. The business is well branded with signage displayed above the entrance area and to both sides with matching window signage. Inside, the café is split into three main areas, the bar which offers seating for eight, the rear room offers seating for twenty eight and the exterior room which offers seating for twenty. There is also a stage area for live music, toilet facilities and a well equipped kitchen fitted for commercial use. All areas are presented beautifully with high end fixtures and fitting which were all brand new as of 2017. A full inventory is available on request.

STAFF

The business previously operated with eight members of staff, those being a chef, general manager, assistant manager, bar back/bar tender/cleaning.

FINANCIAL DETAILS

We are advised that the business previously had an annual turnover of £260,000 and gross profits of £117,000.

SUMMARY

This leasehold business has quickly become well known in this area of Manchester with a large, repeat client base. It occupies an enviable trading position in a popular and highly sought after area of the city. 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.

Property information

Property:

Leasehold

Business Operation

Trading hours:

MON: CLOSED
TUE: CLOSED
WED - SUN: 12:00 - 23:00

Contact Information

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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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