Restaurant/cafe for sale in Pedder Street, Morecambe LA4

£125,000
Restaurant/cafe for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Main Road Trading Position
  • Freehold and business for sale
  • Accounts Available 31st August 2020
  • Annual Turnover £119,765 (Full Year Aug 2019)
  • Gross Profit £63,198 (Full Year Aug 2019)
  • Accounts Available After Viewing
  • Established 2000 with Management In Place
  • Fully Equipped Well Presented Throughout
  • Close Vicinity Of "The Eden Project Up North" Concept
  • Popular Residential Area With Excellent Reputation
  • Superb Online Reviews Scope For Website & Social Media
  • Free Parking - Well Linked To Public Transport
  • Short Trading Hours & Closed Sundays
  • Potential To Expand Opening Hours
  • EPC - C

Property description

Ref 6078 – Freehold Sandwich Shop & Cafe
Blacks Brokers are proud to bring to the market this freehold sandwich shop & café located in a popular and much sought-after area of Morecambe, Lancashire.


Introduction


The Buttery has been trading on Anderton Street for over 20 years, with our client in ownership since 2013. The business is very well-known in this area and has a large base of repeat customers in addition to plenty of passing trade due to this excellent trading position.


Location


Situated within a busy area of Morecombe, the shop is set a couple streets back from the front close to many other local businesses, shops and residential properties. As this is a popular residential and shopping area, the shop is less reliant on tourism and has a steady year-round trade. There is on road parking to the front and public transport links are good.


Reason for sale


The Buttery is only being offered for sale as our client has other personal & business interests to focus on.


Building layout and design


The Buttery is housed within the ground floor of a spacious, corner retail unit. Well branded, the business has bold, modern signage displayed to both sides of the property and main entrance to the front. The frontage was renovated with new signage in 2015.Inside, the customer servery and waiting area is very well presented, with seating for 12 on free standing tables and chairs, modern décor and menu boards displayed above the servery. The counter runs the full width of the shop, with pie warmer and salad bar in place. Behind this is a food preparation area which is well equipped with good quality fixtures, fittings and kitchen equipment. To the rear is a utility area and a separate toilet. Each area has been finished carefully with good attention to detail.


Staff


The Buttery is currently run under management, with one manager and three part-time members of staff in employment.


Financial details


Financial details are available upon a viewing of the business and The Buttery has traded solidly over its trading history. The business generates an annual turnover of £119,765 with gross profits of £63,198.


Summary


This freehold business is long-established and well-known in this area with a good base of repeat customers. There is plenty of scope to develop the business further with the introduction of later opening, deliveries and catering contracts with other local businesses and the introduction of an owner-operator would be of benefit financially. 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 & Property: £125,000.

Please quote ref: 6078

Fixtures & Fittings

Pie warmer

Fridges

Freezers

Convection oven

Griddle

Grill

Salad bar

Servery

Opening Hours

Mon: 08:00 - 16:00
Tue: 08:00 - 16:00
Wed: 08:00 - 16:00
Thu: 08:00 - 16:00
Fri: 08:00 - 16:00
Sat: 08:00 - 16:00
sun: Closed

Arrange Viewing

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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