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Cafe for sale

High Street, Oldham, Greater Manchester, OL4

Leasehold £19,995
52 sq. m.

Property Description

Commercial information

  • Business for sale
  • 559 sq ft (52 sq m)

Key features

  • REF 12332
  • LEASEHOLD BUSINESS
  • SANDWICH BAR

Full description

Tenure: Leasehold

LOCATION
Eats & Treats is located in Lees, Oldham, Greater Manchester.

The cafe is situated on a very busy main road that receives a heavy amount of footfall daily. The business is surrounded by an abundance of retail outlets and a plethora of residential property. Close by is a bridal store, accountants, hair salon, pub, bank and much more. The high street location allows for custom from passing trade. Behind the shop is free on street parking and a car park.

The road on which the business is located is an arterial road that runs from Oldham centre through to Huddersfield. Oldham is just a short 10 minute drive from the property, which is an easy commute using the bus routes that are outside the premise.

BUSINESS
Hilton Smythe is delighted to welcome to the market Eats & Treats. The cafe was originally established 9 years ago and was taken over by our client a year later. The owner is now looking to sell the business due to the desire to take a well-deserved retirement.

The business runs as a traditional café offering a range of hot and cold foods to eat-in or take away. The premise boasts a large seating area that is well laid out and spacious. The business offers breakfasts, jacket potatoes, sandwiches, soups, salads and much more.

The café currently generates an advised turnover of around £47,800 per annum with a great gross profit of 67%, according to the 2015 accounts. This is a generous turnover, however we feel this could be increased in several ways.

The new owner could look to increase opening hours. Extending hours into the evenings and opening Sundays would be a great way to boost potential trade. The purchaser could also look to obtain an alcohol licence this will increase stock available.

The café is currently run at a steady pace, there is potential to reduce staffing costs with a hard working new owner; who is looking to work hands on at the business.

This is a fantastic café that has been run to a high standard. We advise this is a perfect first time purchase, with the low running costs and healthy turnover. Hilton Smythe promote early viewings to appreciate the full potential of the business.

PREMISES
The business boasts a well presented refurbished shop. The front of the premise is well signed clear and visible to passing trade.

The café has been complete to a high standard. On entrance is the main seating area with 15 covers. There is a raised area with three steps up, this heads to the service area.

Through to the rear is the service area. The counter is made up of 3 glass serve over chillers. Behind the counters are further shelving and fridges. Just off the service area is the preparation room and fully equipped kitchen.

There is a yard to the back of the premise with an outside wc.

The basement is currently used for storage and has potential for other use.

A full equipment list is available on request.

TENURE
We are advised the business is Leasehold.
Original lease length: 5 years
Left on the lease as of April 2016: 3 years
Rent: £520 per calendar month

HOURS
The business is open-

Monday - Friday: 9am - 3pm
Saturday: 9am - 1pm
Sunday: Closed

STAFF
The business is run and managed by our client with the help of 1 full time and 2 part time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £47,800 per annum with a great gross profit of 67%, according to the 2015 accounts.


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