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Popular Licenced Restaurant In Oldham For Sale

Oldham, Greater Manchester
Asking Price:
£149,950 Furniture / Fixtures included
Turnover:
£569,312
Net Profit:
£69,387

Prime Town Centre Trading Position
Accounts Available to 30th June 2018
Annual Turnover £569,312 (Including VAT)
Gross Profit £277,571
Accounts Available After Viewing
Managed By Reliable Team Of Staff
5* Food Hygiene Rating
Trip Advisor Top 10 Rated For Area
Potential To Introduce Deliveries
Scope To Introduce Breakfast Trade
Beautifully Presented
EPC - D

REF 6681 – Leasehold Licenced Restaurant

Blacks Brokers are pleased to bring to the market this leasehold licenced restaurant located in the busy town centre of Oldham, Greater Manchester.

INTRODUCTION

Smoke Yard has been trading on Church Terrace since 2015. Our client established the business here due to the prominent position within the town centre of Oldham. Smoke Yard is well known and has an exceptional reputation in the area with superb reviews noted on Google, Facebook, Trip Advisor and Open Table. The business has also established a strong base of regular customers with over 40,000 across its social media platforms, as well as benefiting from a large amount of passing trade.

LOCATION

The business is positioned within a busy shopping area of Oldham centre close to large multiples such as RBS, TJ Hughes and a very popular Odeon cinema. The area is well linked by the M60 and A627 with good public transport links and parking is available in the immediate vicinity.

REASON FOR SALE

Our client set up this business as an investment and has developed it into a superb proposition that is now ready for a new owner. It would possibly suit an owner manager or a silent investor looking to leave the business under staffed management.

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 twelve year lease which began in 2015 at a cost of £269 per week.

STAFF

The business is currently operating with fifteen members of staff in employment. This includes a manager, head chef, sous chef, kitchen staff and front of house. Our client is not currently involved in the day to day running of the business.

FINANCIAL DETAILS

Smoke Yard has traded well during the last four years. Accounts for year ending June 2018 shown annual turnover of £569,312 and gross profit of £227,571. Full financial details are available after viewing.

SUMMARY

This leasehold business occupies a superb trading position on a busy main road close to a busy cinema. There is plenty of scope to develop the business further with some development of the business space – there is room to extend the dining areas to allow for additional seating and private function hire. New opening hours to include breakfasts and a delivery service are in high demand in this area. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

MON - 17:00 - 23:00 (Spring & Summer Only)
TUE - SUN: 12:00 - 23:00

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