Ref 6940 – Leasehold Cafe
Blacks Brokers are pleased to bring to the market this leasehold cafe located within a densely populated, busy area of Huddersfield, West Yorkshire.
Rafferty's of Lindley was established in 2004 and our client took ownership in 2016. The cafe is well known in this area and has a strong base of regular customers in place. The business has an excellent reputation and superb reviews are noted on Google, Facebook and Trip Advisor. A website is currently under construction.
Rafferty's of Lindley occupies a corner trading position on a busy main road. The business is close to Huddersfield Royal Infirmary and a number of local schools, shops and other amenities. Other businesses in the area include independent retailers as well as large multiples such as Tesco Express and Yorkshire Building Society. The area is densely populated residentially, and parking is available immediately outside. This area is well linked by the M62 with strong public transport links.
The cafe is ideally suited to a hands-on owner-operator but due our vendor's ill health they are forced to offer the business for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The current lease is a five year lease which began in 2016 at a cost of £173 per week. We are advised the landlord will renew if preferred.
The business operates with one part time member of staff in employment supporting our client and partner working on a full time basis.
Rafferty's of Lindley has traded solidly since opening and has a strong customer base in place. We are advised that the business currently has annual turnover of £77,200 with gross profits of £38,865. Full financial details are available upon request. It is to be noted that the business is currently being run at a pace to suit the current owner and there is scope and demand to extend opening hours and days to include afternoons, evenings and Sundays.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This is a beautifully presented cafe which has a large, regular customer base and excellent reputation. There is plenty of scope to develop the business further with the introduction of a website with ordering service (this is under construction), development on the area of outside catering which the owners currently offer but could be extended even further and has the potential for longer opening hours and days as detailed above. 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: 6940