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Popular Restaurant - Media City Manchester For Sale

Greater Manchester
Asking Price:
£180,000 Furniture / Fixtures included
Sales Revenue:
£416,000
Cash Flow:
Available on request

Located In Heart Of Media City
TO £416,000 / GP £370,000
Further Financial Details Upon Request
Close To BBC Offices
Seating For 50
Beautifully Presented Throughout
Superb Online Reviews
Good Public Transport Links
Scope To Introduce Evening Trade
EPC - TBC

REF 6795 – Leasehold Restaurant In Media City Manchester

Blacks Brokers are pleased to bring to the market this leasehold restaurant located within Media City, Manchester.

Introduction

catena mcuk ltd has been trading from the bridge house in manchester since 2013. Our client established the business here due to the high amount of footfall generated by the busy surrounding area and the local bbc studios and invested significantly in a full refit before opening. The business is well known and has a superb reputation with a large base of regular customers and excellent reviews noted on google, trip advisor and facebook.

Location

media city is a famous and bustling area of manchester. Home to the bbc studios including the blue peter garden, the area is busy all year round with a range of staff and visitors. There is a large premier inn and holiday inn close by. The area is well linked by the m602 with excellent public transport links and parking is available nearby.

Reason for sale

the business is ideally suited to a hands-on owner-operator but due to our client’s family commitments it is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

the building is available on a competitive rate on a full repair and insure lease (fri lease). This is the most common form of commercial lease. The current lease is a twenty five year lease which began in 2013 at a cost of £1,246 per week.

Building layout and design

catena mcuk ltd operates from the ground floor of an impressive, purpose built commercial property within a parade of shops, businesses and offices. There is a small seating area to the front for around ten. The business is well branded with signage displayed above a fully glazed and modern frontage. Inside, the main dining area offers seating for up to fifty and is presented beautifully with stunning décor, wooden flooring and free standing tables and chairs. The servery is positioned to the rear and fully equipped commercial kitchen behind. There are also male, female and disabled toilet facilities.

Staff

the business is currently operating with nine members of staff in employment supporting our client working on a full time basis.

Financial details

catena mcuk ltd has traded well during the last six years. We are advised that the business currently has annual turnover of £416,00 and gross profits of £370,000. Full financial details are available upon viewing.

Business rates

the business has a rateable value of £13,900. Purchasers should enquire with relevant local authorities to confirm the rates payable.

Summary

This leasehold business occupies a superb trading position within a fantastic area of Manchester within Media City which is highly sought after. There is plenty of scope to develop the business further with longer opening hours both during the week and at the weekend. 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.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - FRI: 07:00 - 17:00
SAT & SUN: 09:00 - 16:00

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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