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Newly Fitted Restaurant In Greater Manchester For Sale

Greater Manchester
Asking Price:
£195,000 Furniture / Fixtures included
Sales Revenue:
£651,727
Cash Flow:
£47,242

Town Centre Location
Annual Turnover year ending 20th April 2019£651,727
Run under management
Accounts Available Upon Viewing
Won Lux Life award in 2018
5 Star Food Hygiene Rating
Alcohol Licence in Place
Established 2018
Newly Fitted Throughout At A Cost Of £70,000
Superb Fixtures and Fittings
Strong Social Media Presence
Large Deliveroo Customer Base
Company van included in price
Busy Main Road Location In Affluent Area
Flat above shop generating rental income of £750PCM
Potential To Extend Menu
EPC - D

REF 6581 – Leasehold Newly Fitted Restaurant & Flat

Blacks Brokers are pleased to bring to the market this leasehold newly fitted restaurant and flat located in a highly sought after and affluent area of Hale, Altrincham.

INTRODUCTION

The business was established by our client in 2018 to meet local demand for an elegant Japanese restaurant in this area. The business has become an instant success, gaining a large, regular customer base and superb reputation, Excellent reviews are noted on Google, Trip Advisor and Facebook, and the business won the Lux Life award for best Japanese restaurant in 2018. Our client also caters for deliveries in the area and this has also proven extremely popular. The 2nd floor accommodation is currently rented out and achieves a rental income of £795 PCM

LOCATION

The business is located in Hale, Altrincham. This extremely affluent area is well populated and highly sought after with a range of other local businesses such as clothing retailers, coffee shops and large multiples including Costa Coffee. Hale is well linked by the M56 and A56 with excellent public transport links and parking is available within the immediate area.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator and is only available due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

STAFF

The business is currently operating with three part time and nine full time members of staff in employment. This includes five full time chefs. Our client is not involved in the day to day running of this restaurant.

FINANCIAL DETAILS

The business has had an extremely successful first year of trade. The accounts ending 30th April 2019 show a turnover of £651,727. Full financial details are available upon viewing. The property also generates a rental income of £750PCM from the flat on the 2nd floor.

BUSINESS RATES

The business has a rateable value of £14,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is newly fitted and occupies an enviable trading position in an affluent area. Our client has secured a large customer base, popular delivery service and excellent reputation. There is plenty of scope to develop the business further with a strong marketing campaign and the introduction of an owner operator would reduce staffing costs and offer further consistency for customers. This proposition would therefore ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sun: 12:00 - 23:00

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