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Restaurant/cafe for sale

£19,995

Oldham OL4, UK

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Property description

Ref – 5952 – Cafe
Blacks Brokers are proud to bring to the market this leasehold cafe in the much sought after area of Oldham.


Introduction


A business of this nature has been at this location since 1980. Our client bought the business in 2016 and the business name ‘Coles Cake and Coffee House’ was established in 2017. Our client was attracted to the area due to it being known locally, it has low over heads and potential outside catering.


Location


Oldham is a town in Greater Manchester, amid the Pennines between the rivers Irk and Medlock, 5.3 miles south-southeast of Rochdale and 6.9 miles northeast of Manchester.


Reason for sale


Coles Cake and Coffee House is available due our clients change in personal circumstance, creating this superb opportunity for a new owner to expand on this well established café in this fantastic location.


Lease


The building is available on a (iro) Internal Repair Only lease. The lease started in 2017 and is 5 years in length at a rental cost of £6,000 per annum.


Building layout and design


The single fronted unit is located on a parade of shops on a very busy road. As you enter the business there is a customer seating area for 17 which is well lit and well presented throughout. To the rear of the business the counter with the large display unit and menu boards are scrupulously clean and modern with rope lighting. Behind the counter is a small kitchen and the side of the counter is a larger kitchen and preparation area. All food and cakes from Coles Cake and Coffee House are all homemade on site. The business also has a dry cellar which is used for storage.There is plenty of roadside parking close to the business.


Staff


Coles Cake and Coffee House is run with 1 full time member of staff and 2 part time members of staff in employment.


Financial details


Financial details are available upon a viewing of the business and Coles Cake and Coffee House has traded solidly over its trading history. The business generates an annual turnover of £78,000 with gross profits to be confirmed. Our client is currently exempt of paying rates.


Summary


This opportunity has masses of potential, not only located in a busy area but there is untapped potential here with scope to opening longer, introducing an online presence, deliveries, outside catering and a social media presence. Early viewings are advised. Business: £19,995.

Please quote ref: 5952

Property info

What Zoopla users think of Lees

Overall rating:

  • currently 4 stars
Very good - 76% (12 ratings)

Ratings breakdown:

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Community & safety
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Entertainment & nightlife
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Parks & recreation
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  • 1
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  • 4
  • 5
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  • 1
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  • 5
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  • 5
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Nearby transport

  • Mossley (Manchester) (2.0 miles)
  • Greenfield (2.3 miles)
  • Ashton-under-Lyne (3.3 miles)
  • Manchester International Airport (15.2 miles)
  • Leeds Bradford International Airport (28.2 miles)
  • Liverpool John Lennon Airport (35.1 miles)
  • Liverpool Belfast Ferry Terminal Bootle (39.0 miles)
  • Liverpool Pier Head Ferry Terminal (39.2 miles)
  • Liverpool Isle of Man & Dublin Terminal (39.3 miles)

Nearby schools

View all schools in Oldham
  • St Thomas' Leesfield CofE Primary School (0.1 miles)
  • St Edward's RC School (0.3 miles)
  • Hey-with-Zion Primary School (0.3 miles)
  • Oldham Sixth Form College (2.0 miles)
  • Greater Manchester Sustainable Engineering UTC (2.0 miles)
  • The Oldham College (2.0 miles)
  • Waterhead Academy (0.9 miles)
  • Iqra High School (1.1 miles)
  • Bright Futures School (1.4 miles)
Note: Distances are straight line measurements

Local info for Oldham

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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 Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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