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

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

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Property features

  • Shopping Centre Trading Position
  • Year End Revenue 30th November 2019
  • Annual Turnover £191,968
  • Gross Profit £103,172
  • Accounts Available After Viewing
  • Established 2011
  • Family Business
  • Retirement Sale
  • Internal Seating For 36
  • External Seating For 18
  • Fantastic Online Reviews
  • High Footfall Area
  • Scope To Expand Menu Options
  • Potential For Online Presence
  • EPC - E

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

Business Accommodation

Building layout and design

Bake House operates from a two storey retail property in a bustling area of town. The business has large branding and signage on display above a glazed frontage. Inside, the main dining area offers seating for 32 (not currently in place due to social distancing guidelines). The servery/counter is positioned to the side of the shop with kitchen and food preparation area to the rear of this. There are also toilet facilities and parking to the rear for one vehicle. The first floor comprises of a large, fully equipped bakery with storage room and staff toilet. All areas are fully equipped and presented nicely.

Fixtures & Fittings

Glass Display Chiller Cabinet

Serve Over Counter x 2

Meat Fridge

Small Under Counter Fridge

Fridge Freezer

Ice Cream Freezer

Saladette

Ice Cream Maker

Coffee Machine

Milk Fridge

Fridges x 2

Freezer x 2

Griddle

Deep Fat Fryer

Grill

Ten Rack Gas Commercial Bakery Oven

Small Electric Four Rack Oven

Large Chest Freezer x 2

Upright Fridge Freezer

Under Counter Fridge x 2

Large Dough Mixer

Medium Dough Mixer

Small Dough Mixer

Dough Divider

Hand Press For Pies

Gas Cooker

Opening Hours

Mon - Sat: 09:00 - 15:30
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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