Commercial Property for sale in King Cross Road, Halifax

  • Asking price of £26,000
  • Other
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Leasehold Cafe For Sale

LOCATION
Kays Cafe is located on the busy Kings Cross Road, in Halifax, just a short distance from the Town Centre. Halifax is located in the approximately 9 miles from the City of Bradford and around 19 miles from Leeds City Centre. The business enjoys good links with public transport, being on a main bus route and in the immediate vicinity of bus stops, and Halifax Railway Station is just under a mile from the business.

Externally there is ample space for parking in the street in front of the business and in the surrounding streets.

BUSINESS
Hilton Smythe Commercial are pleased to introduce to the market, Kays cafe which has been under the careful control of our client for the previous 6 years and is now only offered for sale as our client wishes to retire.

The principal activities of the business lie in the sale of hot and cold meals to eat on the premises or takeaway. The business is well established and has a fantastic reputation locally with many repeat customers, and due to its prominence and signage, the business also caters for a large amount of passing trade.

Currently, the business does not undertake any real form of advertising, there is obvious potential to increase profitability through advertising and furthermore any potential owner could look at options such as outside catering and delivery to local businesses.

PREMISES
The premises briefly comprises of the main customer area which is a split level design, with a small seating area leading to a raised area which houses the majority of the seating. In total the cafe can comfortably seat 32 patrons. The total retail space on this floor is approximately 14.5m x4m.

The first floor is home to the kitchen area, which is very well equipped with all the necessary utensils and appliances such as a griddle, grill, microwave, bain marie, fryer, 2 x 4 gas burning stoves, and ample refrigeration and freezer units. The kitchen area is a good size, measuring approximately 3.5m x 3.5m.

In addition to the main kitchen area, there is a further storage / office area which is approximately 3.5m x 4m.

TENURE
The business is available on a leasehold basis:

Original Lease Length: 4 Years
Remaining Lease Length: 1.5 Years
Current Rent: £6,375 per annum

OPENING HOURS
The business currently observes the following opening hours:
Monday - Friday 07:15 - 13:15
Saturday - 07:15 - 13:00
Sunday - CLOSED

There is considerable scope to expand the business by extending the opening hours. Currently the business closes relatively early compared to similar businesses in the area.

STAFF
The business is currently owner managed.

FINANCIAL PROFILE
The business has enjoyed constant profitability turning over approximately £23,000, and returning a gross profit of £16,500 and reported net profit in the region of £7,500.

property reference: BAXN10825482
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01204 325163
Hilton Smythe Commercial, Bolton
Evans Business Centre, Manchester Road, Bolton, Lancashire BL3 2NZ
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