Restaurant/cafe for sale in Hillchurch Street, Hanley, Stoke-On-Trent ST1

£34,950
Restaurant/cafe for sale
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Property description

Ref 6371 – Leasehold Town Centre Cafe
Blacks Brokers are pleased to bring to the market this leasehold town centre café located in a very busy and much sought-after area of Stoke-On-Trent, Staffordshire


Introduction


Potteries Café has been trading on Hillchurch Street since 2016 when our client took ownership. Previously, the business was also operating as a café but trading under another name for almost twenty years. The café is well known in the area and has a great reputation with a large customer base of regulars and locals. The town centre position ensures plenty of additional passing trade.


Location


Hillchurch Street is located within Stoke-On-Trent town centre close to many other local shops, businesses and large multiples including Barclays Bank. Parking is available immediately outside the café with excellent public transport links and the area is well linked by the M6.


Reason for sale


The business would be ideally suited to a hands-on owner-operator but is due to begin operating under management soon due to our client’s relocation abroad. Therefore, 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.


Lease


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 current lease is fifteen years and began in 2018 at a cost of £211 per week.


Building layout and design


Potteries Café operates from the ground floor of an end-terraced property within a parade of shops. The business is well branded with large signage displayed above a fully glazed frontage. Inside, this is a sizable café offering seating for 52. It is well presented with modern décor, wooden tables and chairs, tiled flooring and an attractive servery counter. The kitchen is positioned to the rear of the space and is fitted with double fryer, grill, bain marie, stainless steel worktops, commercial fridges and freezers and much more. There is also a staff room, storage room and customer toilet facilities. All areas are presented well with good quality fixtures and fittings in place.


Staff


The business is currently operating with three members of staff in employment including one chef supporting our client who is working on a full time basis. A new owner-operator working as the chef would be beneficial to staff costings.


Financial details


Potteries Cafe has traded solidly since opening. We are advised that the business currently has annual turnover of £100,000 with gross profits of £80,000. Full financial details are available upon viewing.


Business rates


Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This leasehold business is well established and has a large customer base. It is presented well and positioned within a very busy area of the town centre. There is plenty of scope to develop the business further with the introduction of longer opening hours, an online presence and delivery service. This proposition would ideally suit an owner operator who could push the business forward and build upon the solid and impressive trading foundations. It may also be of great interest to a chain of restaurants looking for expansion into this area. Early viewings are strongly advised. Business: £34,950.

Please quote ref: 6371

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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