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Family Run Café in Monopoly Trading Location

Middlesbrough, North Yorkshire

  • Asking Price: £37,500 +SAV
  • Turnover: The café reports a good turnover of £78,000 with a gross profit at 65% for this financial year.
  • Tenure: Leasehold

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Hilton Smythe welcomes to the market No 1 Diner. Occupying a prominent and monopoly trading position within this large industrial area. This family run café has seen year on year growth since opening in 1996 with our client taking over the helm in 2002. The café offers hot and cold food to either eat in or take away such as home-made curries, pies, jacket potatoes and daily specials. The café reports a good turnover of £78,000 with a gross profit at 65% for this financial year. The open plan café caters for up to 23 covers and boasts a large fully equipped kitchen. Our client also offers a delivery service in the area. We believe the business has scope for growth, perhaps by offering an outside catering service or extending opening hours to increase turnover. We highly recommend early viewing of this turn key business venture, which genuinely comes to the market as our client looks towards a well-deserved retirement.

The business is owner run and managed with the assistance of his daughter and 2 part time members of staff

The business opens:- Monday to Friday 7.00am – 1.30pmSaturday 7.00am – 11.30pmSunday closed

No 1 Diner is located in the large town of Middlesbrough in North Yorkshire. The business is located within a thriving and well known commercial area of the town, surrounded by a plethora of service industries. The business is ideally located just off the heavily used commuter road A66 connecting the town to the A1(M) and national motorway network beyond. The business benefits from ample parking to the front for both owners’ and customers alike.

The main entrance to the cafe is from an open car parking area providing plenty of space for owner and customers alike. The open plan cafe caters for up to 23 covers, all seated at tables. To the right of the entrance is a toilet with wash basin and a separate store room. The serving area is to the right with a refrigerated serve over display unit and chest freezer for storage. This leads to the open plan kitchen area. The open plan kitchen runs almost the full length of the cafe and is well equipped with an oven with hob, 2 freezers, a hot plate, fryer, toaster, 3 microwaves, grill, fridges, prep area with sink, extractor unit, fridge and plenty of under counter storage.

Tenure
We are advised leasehold.The original lease length is 3 yearsAs of 2016, 1 year remains on the lease.Rent is £416 per month.

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