Restaurant/cafe for sale in The Arcades, Warrington Street, Ashton-Under-Lyne OL6

Offers over £50,000
Restaurant/cafe for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Previously Closed Cafe
  • Seating For 36
  • Previous Profit & Loss Available Year End 31st March 2020
  • Further Financial Info Available After Viewing
  • Prominent Shopping Centre Location

Property description

Blacks Brokers are pleased to bring to the market this leasehold cafe located in the town centre Ashton-under-Lyne.


Introduction


Bap has been trading since the summer of 2017 in this excellent location. This store is part of the bap franchise group and it is its largest store almost twice the space of the other stores. This business can be traded as a bap allowing the owner to have the full support of the brand at an additional cost of £2000+VAT per annum or alternatively this outlet can be renamed and operated totally independently from the brand should a new owner wish to do so.


Location


Bap is located right in the heart of Ashton-under-lyne occupying the centre of the Arcades shopping complex.


Reason for sale


This opportunity has become available due to our clients other business interests and therefore this has presented a exciting opportunity for a new owner.

About bap
Welcome to bap
Great tasting baguettes, baps, salad bowls and wraps made right in front of you all served with fantastic coffees, cold drinks and superior bap we pride ourselves on the choice we can offer our customers, without making the ordering process confusing. We have three different baguette sizes; small, medium and mega, all on white or brown breads. We like to keep things simple, so any small standard baguette is the same price regardless of the filling.

Lease


The unit is available for rent on a Fri basis ( Full Repair and Insurance). This is the most common type of lease. The current lease commenced in 2017 and will run for a ten year term with a break clause at the five year point. The current rent is £769 per week which represents excellent value for such a prime location property in the heart of this busy town.


Building layout and design


The lease covers the entire unit on the entrance of this bustling shopping centre. Bap Ashton is perfect for shoppers and locals, who want a break or to relax as the busy Arcades shopping complex unfolds around them. Comfy settee’s, booth’s and armchairs make taking it easy a must!The unit can accommodate thirty six diners. There is a storage room on the first floor and the business has a four camera CCTV installed. The business also has a separate storage unit for stock.


Staff


The business is currently operated totally under-management and staffing levels at the moment are at five including the manager.


Financial details


The profit and loss year end 31st March 2020 show that the business has an annual turnover of £179,111. Full financial information can be made available after viewing.


Business rates


The business rates are included in the rent.


Summary


This is an exciting opportunity to acquire a business that has traded strongly since opening in 2017. The business is operated under a franchise but is available as an independent providing excellent flexibility for a new owner. Fitted to an exceptional level with a no expense spared attitude and in a location that is extremely busy this business represents excellent value for money and offers a fantastic return on investment. This is an ideal opportunity and early viewings are advised. Business: £50,000.

Please quote ref: 7248

Fixtures & Fittings

All Fixtures & Fittings Included

Opening Hours

Mon - Sat: 08:00 - 18:00
sun: 10:00 - 16:00

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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