Profitable Leasehold Cafe In Hyde For Sale

Business description

We are delighted to welcome Clarendon Cafe to the market, which was established by our client approximately 9 years ago, and has been under her careful control since.

The businesses location ensures that it receives a high level of new custom due to the footfall within the area, and in addition to this, the business has numerous loyal customers and has developed a somewhat of an enviable reputation for quality food and excellent customer service.

The cafe caters for a variety of diets and cuisines ranging from traditional cafe style meal, venturing into both Persian and Mediterranean meals. The cafe also offers a wide selection of beverages, both hot and cold and daily specials.

The business is very much thriving in its current position, however, the turnover could be improved upon with the introduction of deliveries to local businesses at lunchtime, and the development of a catering arm to compliment the current business.

In addition to the above, the cafe is also licensed to serve alcohol until 22:30, along with being licensed to provided entertainment. This provides scope for the new owners to improve on the current opening hours and possibly consider providing some themed evenings in which there could be some light entertainment, and alcohol served to compliment meals. In the alternative, the cafe could extend its opening hours to cater for the later night trade, that will inevitably be in the area due to its town centre location.

The cafe has only reluctantly been offered for sale as our client moves abroad, but in view of timescales the business has been priced for a quick sale and therefore early viewing is highly recommended.

Property information

Property:

Leasehold

Lease terms:

The business is offered for sale on a leasehold basis, a new lease is to be negotiated with the landlord. Rent and building insurance currently stands at £747.00 per month.

We are advised the landlord is seeking to secure a lease of around 12 years with the new owner, which will allow for negotiation on the rental price.

Leasehold rent:

£8,964 per annum

Location:

The Clarendon Cafe is located on a prime main road position, in the market town of Hyde in the North West of England, just 7 miles East of the City of Manchester.

Being located at the centre of retail operations in Hyde, the business is well served by local transport including rail and bus connections, and in relation to the rest of the UK the business lies a short drive from Junction 3 of the M67.

The cafe sits proudly at the corner of a busy retail parade, immediately complimented by other small business within the vicinity and just a stones throw from the Clarendon Square Shopping Centre, which is home to numerous high street chains.

Premises details:

The end terrace premises comprises of a main retail area to the ground floor, which is fantastically sized (48m2), with seating for between 20 - 30 covers, the property has been tastefully but individually designed and decorated by the current owner, which gives the cafe a real sense of artistic identity. To the right of the customer area there is the kitchen and serving area, which is well maintained and has various fixtures and fittings including, Coffee Machine, Fridge Freezers, Coffee Grinder, Salamander Grill, Fryer, Display Fridge and many more.

Towards the rear of the premises there is a separate pot wash and storage area, and two customer WC's.

From the side of the property there is access to the self contained living accommodation which is to the first floor of the property and included within the lease, comprising of 1 double bedroom, fitted kitchen, family bathroom and spacious lounge area. The living accommodation is a good size and well maintained throughout.

Energy Performance Rating:

G

Business Operation

Reasons for selling:

This business is offered for sale due to our clients' wish to emigrate

Trading hours:

The business currently trades:

Monday - Saturday 08:30 - 15:00
Sunday 10:30 - 14:30

As previously discussed, there is scope to extend the opening hours further especially in view of the premises licence.

Employees:

The business is owner managed and run, between a husband and wife partnership.

Years established:

10 years

Other information

Energy Performance Certificate:

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• View EPC Graph for this property