Asking price: £24,950

Sales revenue: £64,000

Net profit: £20,000

Fixtures value: £5,000

Stock value: £1,000

Business description
Reduced price for quick sale due to illness, this popular coffee shop is situated in a prominent position on Wigan Lane 150 metres from Wigan Infirmary. Loyal regular custom, passing trade and a growing outside catering service make this the perfect opportunity for someone wishing to run an already successful business with the scope to grow further. Recent loyalty card scheme for NHS staff has recently helped bolster sales along with outside catering jobs.

Price includes fixtures, fittings, equipment and stock.

Monthly Overhead £900 - rent, rates, utilities, phone and internet. Good profit margins.

The premises comprises of a large shop area with seating for 10 and a serving area, a dining room seating 10 with optional 4 extra seats outside in the summer. In addition there is an office, store room / prep room, bathroom, garage and large kitchen. Kitchen area has 3 microwaves, an oven, hot plate, panini machine and coffee machine.

Years established: 4.5

Employees: 2

Trading hours: 08.30-3pm Mon-Fri, 10-3pm Sat

Relocatable: This business can be relocated.

Property: Leasehold

Lease terms
15 months left on a 3 year lease. Advise that a new lease should be signed up - Landlord happy to set up a new lease for buyer - 3,5,10yrs... Current lease is £609 pcm includes premises and large garage for storage

Location
A49 Wigan Lane. 1 mile from centre of Wigan, close to Wigan RAE Infirmary.

Expansion potential
Recent growth in outside catering for business lunches with great potential to grow. Also with a delivery van there is a great opportunity to grow the business even further.

Competition / Market
Limited competition, due to proximity to local businesses and hospital the business is secure

Support & training
Should it be required, as much help can be provided as is necessary in terms of explaining the existing operation etc...

Reasons for selling
Relocating to South of England / ill health