Archived
Highly rated Cafe and Bar business in busy trading location for sale
Northwich, Cheshire
- Asking Price: £75,000
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £350,000. Full financials can be made available upon further request.
Please quote reference B06949
- Tenure: Leasehold
***Price includes all stock***
Please quote reference B06949
Hilton Smythe are delighted to present to the market a highly sought after licensed café bar and Restaurant business located within the centre of Northwich in East Cheshire. The business occupies a spacious ground floor lock- up premises (Potential for living quarters above) with a wide, corner frontage and prominent signage. It is on the popular Witton Street (the High Street) within the pedestrianised centre of the town and surrounded by numerous other independent shops and businesses which generate a high daily footfall and much passing trade.
The unique decorative style creates a warm friendly European feel, allowing for easy free owing conversations.
The business has been under the careful and meticulous ownership of our client for a number of years, building up an excellent reputation. The business has only now come to the open market as our client wishes to leave the industry due wanting to focus on other business interests and who would like to see the business passed to someone with the same drive and enthusiasm to take it forward.
Cafe Bar by day, Restaurant, Bar by night - Serving 8 draught Beers/Lager, bottles of world Beers, Lager, Ciders. Large selection of Spirits, Gins, Cocktails, Wine and many types of Coffees & Teas.
The business is not short of 5 Star reviews on all platforms like Google, TripAdvisor, Facebook, with comments such as -
“Brilliant little place. The staff, the food, the atmosphere, are just amazing! Quick service, delicious food, good prices too. I will definitely be going again. There is so much to look at in this quirky place, brilliant talking points if your struggling for conversation on a first date. 10 out of 10 if you ask me.”
We feel there is scope to increase turnover, with the undertaking of a robust local marketing campaign, via social media and press along with further promotion of the dedicated website to further help promote the business. Also, it must be stated that the business would further benefit from longer opening hours to help increase turnover.
Further potential:
Our client has yet to implement Sunday roasts which is their next step, to increase Sunday takings, they also have plans for an early doors acoustic session 4pm - 8pm to gain more customers on a Sunday, they have done similar on the Thursday, creating circa £500 extra weekly income.
Also bringing in live musicians on a Friday to keep dinners longer, whilst bringing extra drinkers in for a lovely relaxed social. Expected extra revenue £1.5K to £2K per week.
This still leaves extra opening hours on a Monday - Wednesday, with extra opening still available Thursday, Friday & Saturday, with no change to the licence.
This is an outstanding turn-key business which offers a new owner the opportunity to take this popular business to the next level.
Very rarely do businesses in such a great trading location come onto the open market already securing a great financial position, yet still offering great growth! We therefore highly recommend early viewings to avoid disappointment.
We are advised that the business has 2 full-time members of staff, and 8 zero hour part-time members of staff.
The business hours are -
Monday - 10:00am–5:00pm
Tuesday – 10:00am–5:00pm
Wednesday – 10:00am–5:00pm
Thursday – 9:30am–5:00pm
Friday – 9:30am–10:30pm
Saturday – 9:30am–10:30pm
Sunday - 10:00am–5:00pm
Temple Café Bar occupies a highly sought-after trading position in Northwich.
Great footfall on a busy high street, with lots of area growth, housing and flats of all demographics. Definitely an up & coming Town.
Close to all major shops and bars, making it the perfect place to have a well-earned break, or catch-up with friends and family. Only 1 minute from the cinema & two Theatres, so perfect for pre- Cinema/Theatre drinks or food.
There are several car parks close by, as well as being within walking distance of both the main bus and railway stations. Northwich is easily accessible from the regional motorway network and within comfortable commuting distance of all major North West conurbations, including Knutsford, Chester & Warrington.
Northwich is a town and civil parish in the unitary authority of Cheshire West and Chester in the ceremonial county of Cheshire. It lies in the heart of the Cheshire Plain, at the confluence of the rivers Weaver and Dane.
The business is located in a fantastic corner plot, comprising a main seating area with a selection of tables and chairs and a feature bar area with a selection of refrigerated displays and shelving.
Side entrance with a ramp (Disabled access) to very clean Gents, ladies & disabled toilets.
Open plan bar area:
- Tables and chairs for up to 47 covers – additional external pavement area with licence for a further 30 covers.
- Bar servery and Coffee machine counter, 8 taps, desert glass fronted counter fridge, 2 glass fronted beer fridges.
- Rear (2 Prep areas) 3 Fridge/Freezers, Ice Machine. Microwave, Ice Crusher, Toaster.
- Dish washer, Glass Washer, stainless steel sinks and drainers.
- Wine fridge.
- CCTV.
- Stainless steel air extraction
- Numerous steel preparation tables
- Salad bar
- 3 x Fridges
- 2 x Freezers
- 5 burner gas range and oven
- Griddle
- Hot plate
- Double oven
- Grill
- 2 x Fryers
- 2 x Microwaves
- Chillar
- Pumps
Staff Room/Office on 1st Floor - It has substantial potential for living or letting accommodation on 2 floors above the restaurant. With great potential for more financial growth from food, wets or conversations on 1st & 2nd floors.
Total covers - 78 (48 inside and 30 outside)
A full breakdown on all assets included in the sale can be made available upon further request.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 6 years remaining on the 10 year lease. The rent is £25,600 per annum, which includes the VAT (£2,134 per month). The rates payable are £779.68.
Enlarge Map
Looking to sell a similar business?
Find out moreNeed help with finance to purchase this business?
Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Finance Calculator
Powered by Hilton Smythe
Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
