Archived
Reputable Cafe Diner For Sale
Leeds, West Yorkshire
- Asking Price: £29,995 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £130,000 as of 2021, further financial information can be made available upon request.
Please quote reference B07027
- Tenure: Leasehold
Please quote reference B07027
Hilton Smythe is delighted to present to the market JJ's American Diner, an extremely well-presented café/diner business located within the heart of Crossgate Shopping Centre.
The ‘turn’-key’ operation has been a well-established café for many years and last year our clients turned into an American diner which has proven very successful.
Current menu offers-
- All day Breakfasts as well as pancakes and waffles, an American lunch menu including Burgers/ hot dogs/ ribs etc
- Milkshakes, soft drinks, and alcohol
- Kids meals. ( Available to eat in or takeaway and offer a delivery service)
- B brunch and afternoon tea
Hilton Smythe feels the new owner would benefit from opening later as our clients currently close at 3pm due to childcare but a lot of their customers have asked for them to stay open at tea time for families to come in and enjoy our American food and milkshakes etc
We feel a new owner could also benefit from setting up with just eat, at present our client uses Deliveroo.
Key selling points
- Desirable location
- Lots of opportunity for further growth
- Excellent customer feedback
- Google - 4.1 review score
- Facebook - 5-star review score
- Handover period offered
- We are a fully licenced premises and currently sell alcohol, the new owner would benefit from advertising this more
- Out own entrance so the premises can be operated from 24/7
Very rarely do town centre coffee shops of this size come on to the open market and we therefore strongly advise early enquiry to avoid any disappointment.
The business is owner run and managed.
The business trading hours are:
Monday to Friday - 09:30am - 15:00pm
Saturday - 09:00am - 15:00pm
Sunday - 10:00am - 15:00pm
The business is surrounded by a wealth of complimentary shops and businesses benefitting from a high volume of footfall and passing trade.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of shopping centre.
The area is also well served by the A-roads, with the A58 within easy driving distance of the business, which links to the motorway network.
Located inside a busy shopping centre in Crossgates which has links to Crossgates train station and has lots of bars and restaurants in the area, although we are the only American diner in the area so there isn't any competition.
The diner is situated upstairs inside the shopping centre which is accessed by customers from the stairs inside but also has its own entrance at the back, so it is available to operate from 24/7 if the new owner wanted to open on an evening as a takeaway also.
Located inside a busy shopping centre in Crossgates which has links to Crossgates train station and has lots of bars and restaurants in the area, although JJ's American Diner is the only American diner in the area so there isn't any competition.
The diner is situated upstairs inside the shopping centre which is accessed by customers from the stairs inside but also has its own entrance at the back, so it is available to operate from 24/7 if the new owner wanted to open on an evening as a takeaway also.
Tenure
We are advised the business is being sold on a Leasehold basis with 2 years remaining on the Lease, the rent is £1,375 per month.
Rates are payable at £399.
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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
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