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Main Road Trading Location
Annual Turnover Approx £40,000
Gross Profit Approx £26,000
Financial Info Available Upon Viewing
Licensed To Sell Alcohol
Customer Seating For 40
Further Seating For 12 To Front
New Lease Negotiable
Potential To Trade As Bistro At Night
Huge Potential In Deliveries
EPC - C
Ref 6640 – Leasehold Licensed Cafe
Blacks Brokers are pleased to bring to the market this leasehold licensed café located in a busy area of Withington, Greater Manchester.
Michael's Café has been trading on Mauldeth Road since 2012. Our client established the business to meet local demand for a licensed café in this area of Withington. The café is well known and has a good reputation in the area with a large base of regular customers.
The business is positioned on a busy main road close to large multiples such as Specsavers and the Co-op. The area is well linked by the M56 with good public transport links and free parking in the immediate vicinity.
Reason for sale
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, 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.
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 lease will be fully negotiated with our client upon sale of the business, it will run at a cost of £150 per week.
The business is currently operating with one member of staff in employment supporting our client working on a part time basis.
Michael's Café has traded well during the last six years. We are advised that the business currently has annual turnover of £40,000 with gross profit of £26,000. Full financial details are available upon viewing. It is to be stressed that the business is currently being run at a pace to suit and there is scope and demand to extend opening hours and days to provide a more consistent level of service to regulars.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupies a superb trading position on a busy main road. There is plenty of scope to develop the business further with some modernisation and potentially a change to a restaurant or bistro. New opening hours and a delivery service are in high demand in this area. 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.
Mon - Sun - 10.30am - 2pm
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