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Town Centre Location
Annual Turnover £655,882
Gross Profit £361,310
Net Profit £67,780
Run under management
Accounts Available Upon Viewing
Won Lux Life award in 2018
5 Star Food Hygiene Rating
Alcohol Licence in Place
Newly Fitted Throughout
Superb Fixtures and Fittings
Strong Social Media Presence
Large Deliveroo Customer Base
Company van included in price
Busy Main Road Location In Affluent Area
Flat above shop generating rental income of £795 PCM
Potential To Extend Menu
EPC - D
REF 6581 – Leasehold Newly Fitted Restaurant & Flat
Blacks Brokers are pleased to bring to the market this leasehold newly fitted restaurant and flat located in a highly sought after and affluent area of Hale, Altrincham.
The business was established by our client in 2018 to meet local demand for an elegant Japanese restaurant in this area. The business has become an instant success, gaining a large, regular customer base and superb reputation, Excellent reviews are noted on Google, Trip Advisor and Facebook, and the business won the Lux Life award for best Japanese restaurant in 2018. Our client also caters for deliveries in the area and this has also proven extremely popular. The 2nd floor accommodation is currently rented out and achieves a rental income of £795 PCM
The business is located in Hale, Altrincham. This extremely affluent area is well populated and highly sought after with a range of other local businesses such as clothing retailers, coffee shops and large multiples including Costa Coffee. Hale is well linked by the M56 and A56 with excellent public transport links and parking is available within the immediate area.
REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator and is only available due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The business is currently operating with three part time and nine full time members of staff in employment. This includes five full time chefs. Our client is not involved in the day to day running of this restaurant.
The business has had an extremely successful first year of trade. The accounts for the 9 months ending December 2018 show a turnover of £491,912, gross profit of £270,983 and an EBITDA of £50,835. Full financial details are available upon viewing. The property also generates a rental income of £795 PCM from the flat on the 2nd floor.
The business has a rateable value of £14,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business is newly fitted and occupies an enviable trading position in an affluent area. Our client has secured a large customer base, popular delivery service and excellent reputation. There is plenty of scope to develop the business further with a strong marketing campaign and the introduction of an owner operator would reduce staffing costs and offer further consistency for customers. This proposition would therefore ideally suit an owner operator able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
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