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Restaurant/cafe for sale

£44,950

Unit 8 Roebuck Shopping Centre, Newcastle-Under-Lyme ST5

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well-established and very busy cafe business, which is ideally located within a very busy shopping centre in Newcastle-under-Lyme.

The business was originally established in 1975 and has been in our client’s careful ownership since 2005. The business currently operates 6 days per week and generated a turnover in the region of £108,000 as of the 2017 accounts, with a gross profit of 77%.

Our client offers a wide variety of fayre including breakfasts, hot and cold meals, snacks and cakes, as well as a variety of hot and cold beverages. The cafe boasts a large open plan service area with 63 covers.

The business has built up an excellent reputation within the town, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by opening the business on Sunday, as the shopping centre opens between 10.00am and 4.00pm. A new owner could also embark on a modest marketing campaign to highlight the excellent fayre offered.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location
Frankie’s Cafe is situated within the very popular Roebuck Shopping Centre within the market town of Newcastle-upon-Lyme, Staffordshire. The cafe is surrounded by many popular high street stores and businesses, directly opposite Next and Argos, with many others within view such as Iceland, Lloyds bank, Boots etc. Therefore, the cafe benefits from a very high volume of footfall.

Newcastle-under-Lyme is a very popular market town in North Staffordshire. According to the 2011 census, the town had a residential population of 75,125. The popular market is open 6 days per week and offers over 80 stalls. The Roebuck Shopping Centre is set within the heart of the town centre with easy access from the Midway Car Park and is an extremely busy place to trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Stoke-on-Trent, which is approximately 2½ miles away. The area is also very well served by the a-roads, with both the A527 and A52 being within easy driving distance, which link to the national a-road and motorway networks. Market Drayton is approximately 15 miles away and Stafford is 16½ miles away.

Premises
Frankie’s Cafe is situated within the very popular Roebuck Shopping Centre within the market town of Newcastle-upon-Lyme, Staffordshire. The cafe is surrounded by many popular high street stores and businesses, directly opposite Next and Argos, with many others within view such as Iceland, Lloyds bank, Boots etc. Therefore, the cafe benefits from a very high volume of footfall.

Newcastle-under-Lyme is a very popular market town in North Staffordshire. According to the 2011 census, the town had a residential population of 75,125. The popular market is open 6 days per week and offers over 80 stalls. The Roebuck Shopping Centre is set within the heart of the town centre with easy access from the Midway Car Park and is an extremely busy place to trade.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Stoke-on-Trent, which is approximately 2½ miles away. The area is also very well served by the a-roads, with both the A527 and A52 being within easy driving distance, which link to the national a-road and motorway networks. Market Drayton is approximately 15 miles away and Stafford is 16½ miles away.

Tenure
We are advised Leasehold:

Original lease length: 10 years
Remaining lease length: 6 years, as of June 2016
Rent: £25,000 per annum

Hours
The business is open:

Monday – Saturday: 9.00am – 5.00pm
Sunday: Closed

Staff
The business is owner run and managed with 5 x full time staff members.

Financial Profile
The business generated a turnover in the region of £108,000 as of the 2017 accounts, with a gross profit of 77%.

What Zoopla users think of Newcastle-under-Lyme

Overall rating:

  • currently 4 stars
Very good - 78% (115 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Stoke-on-Trent (2.0 miles)
  • Longport (2.2 miles)
  • Longton (4.1 miles)
  • Manchester International Airport (23.8 miles)
  • Liverpool John Lennon Airport (34.1 miles)
  • East Midlands Airport (39.5 miles)
  • Woodside Birkenhead Ferry Terminal (41.9 miles)
  • Liverpool Pier Head Ferry Terminal (41.9 miles)
  • Liverpool Isle of Man & Dublin Terminal (42.0 miles)

Nearby schools

View all schools in Newcastle-under-Lyme
  • Hassell Primary School (0.2 miles)
  • St Mary's Catholic Primary School (0.2 miles)
  • St Giles' and St George's Church of England Academy (0.2 miles)
  • City of Stoke-On-Trent Sixth Form College (2.1 miles)
  • Biddulph High School (7.0 miles)
  • Alleyne's Academy (7.8 miles)
  • Blackfriars Academy (0.3 miles)
  • Newcastle-under-Lyme School (0.5 miles)
  • St John Fisher Catholic College (0.5 miles)
Note: Distances are straight line measurements

Local info for Newcastle-under-Lyme

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial 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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