Restaurant/cafe for sale in Market Square, Royton, Oldham OL2

£84,995
Restaurant/cafe for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Ref 7423 – Leasehold Café/Takeaway
Blacks Brokers are pleased to bring to the market this leasehold café/takeaway located in Royton, Oldham.


Introduction


Bake House was established by our client in this busy central area of Royton in 2011. The business offers a range of foods and drinks including hot beverages, snacks, pies, sandwiches and other baked and deli goods. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and good reviews are noted on Trip Advisor and Yell. At present, Bake House does not have an online or social media presence.


Location


Bake House occupies a shopping parade trading position within a pedestrianised area of the town centre. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Card Factory, The Co-op and Lidl. The area is well linked by the M62 and A627(M) with very strong public transport links and parking is available in the surrounding area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, 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.


Lease


The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease runs at a cost of £320 per week and we are advised this is renewable.


Staff


The business operates with four members of part time staff in employment supporting our client working on a full time basis.


Financial details


Bake House has traded solidly since opening and our client has established a strong repeat customer base. Year End Revenue 30th November 2019, Annual Turnover £191,968, Gross Profit £103,172. Full accounts available for previous 12 months and month by month management accounts post lockdown period. Full financial information is available upon request.


Business rates


The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This popular and long established business occupies an enviable trading position in a busy, highly sought after area of Royton. Our client has secured a strong customer base and excellent reputation. There is plenty of scope to develop the business further with the introduction of new menu choices and longer opening hours. The building could accommodate any cuisine. An online and social media presence could prove beneficial along with an online marketing drive and new delivery options. 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: £84,995.

Please quote ref: 7423

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

Contact Blacks Business Brokers about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

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.

Properties on the market nearby

9 more properties like this

View all Market Square commercial properties for sale