Ref 6852 – Leasehold Cafe
Blacks Brokers are pleased to bring to the market this leasehold cafe located in a much sought-after area of Slaithwaite, Huddersfield.
Lock 22 Ltd has been trading on Bridge Street since 2015 when our client took ownership. Prior to this, the business was trading under a different name for around fifteen years. The business is very well known in the area with a superb reputation. Our client has also ensured that the business has gained a large base of regular customers along with excellent online reviews noted on Facebook, Google and Trip Advisor. At present the business offers a small delivery service and this accounts for around 10% of trade and this is prime for expansion.
Lock 22 Ltd is positioned in the centre of the village, immediately next to the canal on Bridge Street. This is a busy area with both locals and visitors to the area. Slaithwaite Railway Station is close by along with large multiples such as The Coop and The Post Office as well as a range of independent retailers and businesses. The area is well linked by the M62 and A62 and free parking is available to the rear.
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
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 ten years and began in 2015 at a cost of only £100 per week. This is very low for this much sought-after area. The landlords have also advised they would be happy to extend the current lease by 10 years.
The business is currently run entirely by staff and offers a working owner, enormous scope and potential to increase the turnover by offering a more personal touch while making a significant saving on staffing costs. There are two full time and three part-time members of staff in employment.
Lock 22 Ltd has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £135,000Further financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This well established and well known café has a large base of regular customers and is well placed for visitors to this area of Slaithwaite. The shop provides an excellent service to local businesses, workers and to the many tourists that visit this village throughout the year. There is plenty of scope to develop the business further with the expansion of the delivery service along with the implementation of a website with ordering service. The business could also introduce new opening hours to include evenings, this with the addition of an owner-operator or owner operating team could be very beneficial. 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: £39,995.
Please quote ref: 6852