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

£24,995
Restaurant/cafe for sale
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Property description

Business
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Perry’s Sandwich & Expresso Bar which is a well-established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular and lucrative local business in an area teeming with customers.

There has been a Sandwich Shop / café at these premises for over 30 years. The current owner has run the business as Perry’s Sandwich & Expresso Bar for the last few years and it has been a real labour of love for her and flourished under her ownership.

The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to take a well-earned retirement. She is keen to see her beloved business pass to an ambitious and entrepreneurial new owner who can take it to the next level.

Perry’s Sandwich & Expresso Bar offers a comprehensive menu with food being freshly prepared on the premises using local ingredients wherever possible including:


  • Hot and Cold Drinks

  • Breakfasts

  • Hot and cold sandwiches

  • Paninis and wraps

  • Baguettes

  • Oat Cakes, a Staffordshire delicacy!

  • Daily specials

  • Cakes and pastries


Customers can eat on the premises but much of the custom comes from collected orders and the business has an impressive number of regular customers, many of whom are known on a first name basis by the owner who is a popular and well respected member of the local community.

Additionally, the business has a particularly lucrative outside catering division and provides business buffets and lunches to a number of blue chip companies including:


  • Dixons

  • Bbc Radio Stoke

  • Stoke-on-Trent City Council

  • Davis Group

  • Water Plus (formerly Severn Trent)


The business also provides 28 packed lunches each day to a local Provisional learning school and does at least one monthly buffet for ‘Malts’, a local pub and music venue. The business has future bookings already, for Christmas and office parties.

Perry’s Sandwich & Expresso Bar accepts credit and debit cards with 60% of payments being by card and 40% by cash. The average spend is circa £6 which is impressive for a business of this type.

Scope to improve:

Advertising and marketing campaign

Maximise the use of social media particularly Facebook and Twitter

Website, ideally with an online ordering facility

Extend the opening hours

Open at Weekends

Consider opening as a bistro in the evenings

Offer pre theatre dinners, real demand in the area

Explore online delivery options from the likes of Just Eat and Hungry House

Increase prices, not been changed for some years

Introduce a loyalty card/ discount scheme.

Put seating outside for al Fresco dining during the warmer months

Reasons to Buy:

A well-established business with an enviable reputation and many existing customers

Prime trading position in the centre of the city with loads of footfall

Low running costs with inexpensive rent and no business rates

All fixtures and fittings included making this a real Turnkey business

Ideal owner managed or partnership business

Current owner happy to offer a handover to ensure the continued success

Hilton Smythe highly advise early viewing to avoid disappointment

This lovely little business is likely to attract considerable interest.

Location
Perry’s Sandwich & Expresso Bar is located in Hanley, Stoke-on-Trent.

Stoke-on-Trent is a city in Staffordshire with an area of 36 square miles. Together with the neighbouring boroughs of Newcastle-Under-Lyme and Staffordshire Moorlands, it is part of North Staffordshire which in 2011 had a population of 469,000.

Stoke-on-Trent is the home of the pottery industry in England and is commonly known as the Potteries. Formerly a primarily industrial conurbation, it is now a centre for service industries and distribution centres.

In 2016 Stoke-on-Trent was ranked the second best city to start a business by Quality Formations, based on several factors including commercial property, energy, virtual offices, public transport and financial access.

Stoke-on-Trent is linked to the nearby M6 motorway at junctions 15 and 16 by the A500. The A50 provides an East-West link between the M6 and M1 motorway. Improvements to the road network have led to the construction of product distribution centres in the area. Local bus services are mainly operated by First Potteries and there are several smaller companies operating like D&G Bus.

Perry’s Sandwich & Expresso Bar is ideally situated in the centre of Stoke-on-Trent’s main shopping centre alongside other complimentary retail businesses and thus benefits from high levels of footfall. Piccadilly has been described in the local press as “Hanley’s answer to Manchester’s Northern Quarter”.

The area has seen major investment which has breathed fresh life into the area, and it is now an eclectic mix of fashionable shops, restaurants and cafes. The business is a couple of doors down from The Regent Theatre which is a beautifully restored Art Deco Theatre offering a high quality programme of grand opera, national ballet, drama and west end musicals.

The business caters for the cast, crew and fit-up staff working in the theatre and has had many celebrity diners including recently, Jonathan Wilkes…the pride of Stoke.

Perry’s Sandwich & Expresso Bar is beautifully presented and fastidiously maintained with clear visible signage and distinctive livery. There is free on street parking a short walk away from the business as well as several low costs, public car parks.

Premises
Perry’s Sandwich & Expresso Bar occupies the ground floor of a corner positioned, period property, is beautifully presented and maintained and briefly comprises:

Sandwich Shop
Dual aspect with windows to two sides and a glazed door creating a light, airy and inviting interior, nice upmarket feel with suspended ceiling with concealed lighting, wood effect flooring, breakfast bar to each side with 4 stools to each, open chiller,

Glass fronted drinks chiller refrigerated glass fronted serve over counter, Fracino coffee machine, till, range of cream coloured base units with complimentary wood effect worktop, tiled splashbacks.

Kitchen
Generous catering kitchen, three microwave ovens, stainless steel preparation tables, upright freezer, lec undercounter fridge, Cool Zone freezer, Indesit electric cooker with grill and oven, Tefal hob, pork station, 4 slot toaster, Beto fridge.

Wash-up Area
Twin deep stainless steel sink, panini maker, soup kettle, run of worktop with inset round hand wash basin and Monobloc tap.

Office
With desk area, filing cabinet, under counter freezer, milkshake maker.

Tenure
We are advised that Perry’s Sandwich & Expresso Bar is being sold as a leasehold business opportunity. The vendor owns the freehold of the premises and is happy to negotiate a mutually acceptable lease with a new owner. An annual rent of £7500 is proposed which is really reasonable given the size and location of the premises.

We are advised that the business benefits from being exempt from business rates.

Hours
Monday to Friday 8.30-2.30
Weekends Closed

Staff
The business is run and managed by our client with the help of a full time member of staff.

Financial Profile
Perry’s Sandwich & Expresso Bar generates an advised current turnover of circa £41,990 per annum but it needs to be appreciated that the owner is running at a pace to suit and an experienced operator should expect turnover to increase significantly

Arrange Viewing

For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (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 Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial 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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