L-R: Steve Rumbelow, Chief Executive of Rochdale Borough Council with Henry Yau and Council Leader Richard Farnell
A new meat-themed restaurant is the latest establishment to take advantage of Rochdale’s Borough Council’s business rates sale.
CockaDoodleMoo is on its way to Yorkshire Street, after the management team led by Henry Yau took advantage of the council-run scheme. The scheme gives new retail and food and drink businesses opening in empty units of Rochdale town centre an 80 per cent business rates discount until April 2016 and then a 50 per cent discount until April 2017.
The £100,000 pilot scheme, launched earlier this year, has already seen the vacancy rate in Rochdale town centre fall by more than half from 27 per cent (14 per cent above the national average) to just 11 per cent.
This is the second venture for CockaDoodleMoo, which opened its first restaurant in Hazel Grove, Stockport, in June 2013. Henry had looked at venues in Cheshire and Lancashire before signing a long-term lease in Rochdale.
He said: “It’s great to be coming to Rochdale. It’s a town that’s definitely on the up and being opposite the amazing historic town hall and right next to the reopened river is great. It just feels like the perfect location for us.
“We’ve had an amazing reaction since we announced we’re on our way to Rochdale. There are already some nice restaurants in and around the town centre, but we feel that for such a large town and massive population, there should be more eateries to better serve the community.”
He added: “We’re making a significant investment in Rochdale and the business rates sale is great because it means we can channel our resources into an improved fit out of our premises and hiring staff and it gives us breathing space for the first two years while we build our customer base here in Rochdale.”
Leader of Rochdale Borough Council, Richard Farnell, said: “The council’s investment in this innovative scheme means that Henry’s business rates bill is just £4,472 this year, rather than the £23,839 it would have been. This has released cash for his business and made Rochdale the obvious choice when he was looking for a location for his second restaurant. Henry’s move to Rochdale demonstrates the ability of this council scheme to not only bring much needed shops, but also restaurants. CockaDoodleMoo will be a great addition to the early evening economy and I wish Henry and the team every success.”
CockaDoodlemoo’s Rochdale venture will seat around 100 people in the old Yates’ Wine Lodge site at 3-5 Yorkshire Street. It promises a variety of meat dishes using smokers which have been specially imported from the United States. It is expected to open around the end of October.
New retail and food and drink businesses which would like to find out more about the scheme should visit www.rochdale.gov.uk/bizratesale