Centrally located Cafe

Wakefield, West Yorkshire
REF: 01609

Asking Price:
£35,000
Annual Turnover:
£78,000
Annual Net Profit:
£2,000
Reduced
Recently Sold
REF: 01609
Photo of Centrally located Cafe
Photo of Centrally located Cafe
Photo of Centrally located Cafe
Photo of Centrally located Cafe

Overview

Tenure:
Leasehold
Established:
1980
  • WT: £1,500
  • Adjusted NP: £15,000
  • Potential for growth
  • Low Overheads
  • Viewing Essential
  • £10,400pa from the 2 flats

This is a very well positioned cafe and tea room that occupies a deceptively large unit upon Kirkgate in Wakefield. The business has a loyal client base that is well complimented by the high flow of general passing trade and custom, due to its position opposite a group of bus stops.

The business has been trading for decades and is very well recognised locally. The reputation is outstanding due to the improvements made by the current owner operator.

The business is entered through a single doorway that is located to the left hand side of a well decorated shop front with clear signage and a large window. The main room for the business is of an oblong shape and is superbly well fitted and furnished to an efficient standard.

The seating within the business ranges from relaxed sofas within the window through to large and manoeuvrable dining tables with a layout that can be altered with ease. The cafe also holds seating for 58 customers.

The kitchen is at the rear of the ground floor unit and has been well maintained and improved by the current owner. There are two sides of the kitchen: a pot-wash and preparation room that leads through to a large commercial kitchen. There is also a separate dry store area.

There is a car parking space to the back of the unit for the use of customers and staff alike.

Directly above the business are 2 self contained 1 bedroomed flats which provide the business with a regular income of £10,000 pa.

Intelligent Business Transfer are delighted to announce their instruction of this hugely popular cafe that holds a strong position within a well populated region of the city of Wakefield, the business is located on Kirkgate which is a central street on the edge of the recently developed ‘trinity complex’.

The business trades as a traditional café and tea room that offers a pinnacle service for seated dining for a range of meals and beverages. The menu for the business is extensive and suits the clientele for the business and provides strong profit margins for a structured business model.

The business holds a fair leasehold tenure within a practical and well fitted unit – the business is in immaculate condition and is in need of no work whatsoever. There is a functioning steel commercial kitchen to the rear, with a well presented dining room at the front.

Currently the cafe takes over £1500 on average weeks, this provides strong profit margins that can be adjusted to around £15,000; this is produced due to low overheads and regular custom. This is ideal for owner operation and is being sold due to the owner’s plans to relocate to North Yorkshire.

There is the additional benefit of 2 one bedroomed flats that are included within the lease. This allows for the option of owner operation or the continuation of the current agreement, whereby reliable tenants occupy the flats with a sub-rental income that covers over 80% of the overall rent.

Location

Property

Annual Rent
£12,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
D 76-100

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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