Restaurant/cafe for sale in Princess Parade, Bury BL9

£150,000
Restaurant/cafe for sale
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Property description

Ref 7592 – Leasehold Long Established Cafe
Blacks Brokers are pleased to bring to the market this leasehold long established cafe located in Bury town centre, Greater Manchester.


Introduction


Granelli's Café was established by our client in this busy area of Bury in 1962. The business offers a range of freshly prepared breakfasts, lunches, drinks and snacks and has a superb ice cream kiosk. 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 close to the famous Bury Market.


Location


Granelli's Café occupies a central trading position on the side of The Millgate Centre and Bury Market. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Boots, tk Maxx and many more. There are also a number of local amenities nearby including car parks, The Post Office and Bury Bus Station. The area is well linked by the M66 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 is a eleven year lease which began in 2011 at a cost of £1,000 per week.


Staff


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


Financial details


Granelli's Café has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st December 2020 show that the business has an annual turnover of £117,560 and a gross profit of £77,090. It should be noted that the 2020 turnover was affected by covid and the business usually has a significantly higher turnover which is reflected in the year end 31st December 2019 which shows an annual turnover of £272,621. Full financial information is available upon request.


Business rates


Purchasers should enquire with relevant local authorities to confirm the rates payable.

Business: £150,000.

Please quote ref: 7592

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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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