Ref 6756 – Leasehold Cafe On World Famous Bury Market
Blacks Brokers are pleased to bring to the market this leasehold cafe located on the world famous Bury Market.
Ocean Blue Café has been trading on Bury Market since 2007. Our client took ownership in 2015. The business is well known and has a good reputation in the area with a large base of regular customers and excellent reviews noted on Trip Advisor.
The business is positioned within Bury Market, this is close to large multiples including Asda and Argos as well as a range of independent retailers within this bustling town centre, the business is also within walking distance from Bury College and Bury Coach drop off point. The area is well linked by the M66 with excellent public transport links and parking in the surrounding area.
The business is ideally suited to a hands-on owner-operator but due to our client’s relocation, 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.
The current lease is a six year lease which began in 2019 at a cost of £233 per week – this includes rates.
Ocean Blue Café operates from a purpose built market unit with small, covered seating area to the front. The business is well branded with large signage displayed above. Inside, the main café area offers seating for up to thirty four and is presented traditionally with freestanding tables and chairs throughout. The servery is positioned to the rear with kitchen behind. The kitchen is fitted with a range of equipment including chip fryer, chip warmer, grill, two microwaves, fridges, freezers and much more. A full inventory is available upon request.
The business is currently operating with two members of staff in employment supporting our client working on a part time basis.
Ocean Blue Café has traded well during the last twelve years. We are advised that the business currently has annual turnover of £44,859 with gross profit of £36,751. Full financial details are available after viewing.
Purchasers should enquire with relevant local authorities to confirm the rates payable. At present, this is included in the rent as outlined above.
This leasehold business occupies an enviable trading position within Bury Market. The business opens on market days only at this time but there is plenty of scope to open on other days and offer a delivery service in the area. There is also potential to offer student discount on non market days to attract further custom. The premises could accommodate any cuisine. 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: £38,950.
Please quote ref: 6756