Restaurant/cafe for sale in Greek Street, Stockport SK3

£49,950
Restaurant/cafe for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property description

Ref 6378 – Leasehold Sandwich Bar & Cafe
Blacks Brokers are pleased to bring to the market this leasehold sandwich bar and café located in a popular and much sought after of Stockport town centre, Greater Manchester.


Introduction


Sandwich Corner has been trading on Greek Street for almost twenty years. Our client took ownership of the business in 2015 knowing how popular this shop is in the local area. The business has a large base of regular customers – some of which have been visiting since it was established in the 1990’s. The town centre trading location ensures a good amount of passing trade in addition to the locals and regulars.


Location


The business is positioned on a busy main road close to Stockport town centre. This area is densely populated commercially with a good residential population close by. Stockport is well linked by the M60, public transport links are excellent, and parking is available in the immediate vicinity.


Reason for sale


Having enjoyed owning this business for a number of years, our client is ready for a break and a change of direction – the business is busy and will require an energetic new owner and therefore presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The ground floor commercial premises 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 runs at a cost of £163 plus VAT per week. There are private residential flats on the first floor which are not part of the lease.


Building layout and design


Sandwich Corner operates from the ground floor of a large, corner positioned end-terraced property. The business is very nicely presented with colour themed signage and frontage with large windows to both sides. Inside, the main dining area offers seating for twenty – this is a modern shop with wooden flooring fitted throughout and a refrigerated display unit used as a servery. To the rear of the servery and counter is a well equipped kitchen fitted with grills, microwaves, fryers and much more. There are also two storage rooms and toilet facilities. All areas are presented well with good quality fixtures and fittings in place. There is a private yard to the rear of the property with one parking space for staff or owner use.


Staff


The business is currently operating with our client working on a full time basis, supported by five members of part time staff.


Financial details


Sandwich Corner has traded solidly since opening and has an impressive trading history. We are advised that the business currently has annual turnover of £109,247 with gross profit of £74,678 and net profit of £20,000. 35% of sales are generated online. 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 long established and occupies a superb trading position in a busy area of Stockport. There is plenty of scope to develop the business further with the introduction of weekend opening and a strong marketing drive. There is also potential to introduce an alcohol licence and late opening – possibly changing to a restaurant. 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. Business: £49,950.

Please quote ref: 6378

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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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