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Popular Coffee Shop In Manchester City Centre For Sale

Manchester, Greater Manchester
Asking Price:
£69,995 Furniture / Fixtures included
Sales Revenue:
£160,452
Cash Flow:
Available on request

Exceptional City Centre Trading Location
Annual Turnover £160,452
Gross Profit £82,247
Split Customer Seating For Approx 60
JustEat Introduced 2018
Deliveroo Introduced 2017
5* Food Hygiene Rating
EPC - B

6478 Coffee shop with delivery service

Blacks Brokers are pleased to bring to the market this leasehold coffee shop in the heart of Manchester city centre.

Introduction

The business has been trading on Mosley Street since it was established in 2012. The business has acquired a fantastic reputation with many customers putting glowing reviews online. The business can also be found in the highest ranking spot on TripAdvisor for desserts in Manchester. Serving breakfast, brunch, lunch and afternoon teas the business has something for everyone and is popular on social media with followers on all platforms.

Location

Manchester is a major city in the northwest of England with a rich industrial heritage. The business is very close to Palace Theatre, Manchester Piccadilly, Manchester Arndale and Manchester Metropolitan University. Right in the centre of Manchester the footfall is very heavy in this area with work commutes, local residents and tourists. The business is well linked with local public transport, the A56, A6, A635 and the A57.

Reason for sale

This opportunity is available due to our clients other business interests.

Lease

The building is available on a Full Repair and Insure lease (FRI) which started in 2012 and is twelve years in length. There are rent reviews every three years with the rent at £480 per week.

Building layout and design

The business operates from a double fronted property with the lease occupying two floors. The signage is bold and the windows are large and inviting to customers. The customer seating is split over two floors with space for approximately 30 seats to each floor. There are settees provided around coffee tables and there are also freestanding tables with chairs available. The catering kitchen is in the ground floor.

Staff

The business is ran with our client there full time, overseeing the day to day running of the business alongside 4 full time staff and 2 part time staff.

Financial details

We are advised that the business achieves an annual turnover of £160,452 with a gross profit of £82,247. Full financial information can be released after an initial viewing of the business.

Business rates

The annual rates payable are £11,300.

Summary

This leasehold business is situated right in the heart of the city, the town hall is adjacent and the area is popular and thriving. With the introduction of Deliveroo in 2017 and JustEat in 2018 the turnover is already set to increase steadily as these ordering platforms take off within the business. A new owner operator could take advantage of the already solid trading foundations here. Early viewings are advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Fri - 8am - 6pm
Sat - 9am - 6pm
Sun - 9.30am - 6pm

Contact Information

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