Popular Cafe in Preston, Lancashire

Preston, Lancashire
REF: R06269

Asking Price:
£40,000
Annual Turnover:
£84,000
Annual Net Profit:
£26,627
REF: R06269

Overview

Tenure:
Leasehold
Established:
2000
  • Prime, busy road location
  • Huge scope for growth (longer hours and seating expansion)
  • Excellent reputation
  • Long establishment
  • Large list of assets and equipment included within sale
  • Wide range of food available

Established 20 years ago, the business for sale is renowned as a warm welcoming cafe, based in a prime location, on a busy road in an affluent area of Preston in Lancashire.

The café is popular within the vicinity for its excellent customer service and the offering of high-quality breakfast and lunch items, drinks as well as mouth-watering desserts.

The café is based from high-quality premises and the business is for sale on a leasehold basis with a huge potential for growth.

The café operates from high-quality premises with a bay front window greeting the general public. Internally, there is a spacious seating area, seating 10 diners – although there is room for expansion. Directly adjacent is a counter leading to the kitchen, a store room and preparation area and a small toilet. Externally there is a back yard.

Equipment included in the sale are: a display unit, fridge display, refrigerated cake display, pie warmer, fridge, freezer, microwave, hot plate, panini grill, Hotpoint Ultima dishwasher, a meat slicer, a double and single fryer and an oven.

The current owner is also willing to stay on for a transitional period of one week.

This is a fantastic opportunity to acquire a successful local café with bags of potential to increase turnover.

Currently the business is successful with only word-of-mouth referrals, which means it would profit from advertising. The business is not present online so there is a keen opportunity to create a website for the café, which could be used to promote certain aspects of the menu. This would give the business further exposure along with the opportunity to market to a wider audience.

A new buyer could also partner with food delivery services such as UberEATS and Deliveroo, exposing the bar to a younger audience. The business could also increase its offering to boost trade further. For example, the café could be created into a perfect fish and chip shop as there is no similar competition around within a 3-mile radius. A deli would be another viable option for the buyer. Extending opening hours and seating provision may also see a greater uptake of customers.

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  • Residential area with further developments under construction
  • Busy main road location
  • High footfall
  • Free car parking
  • Minimal competition
Rent
£7,200
Rates
TBC
Lease Term
5
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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