Superb Well Established Cafe In West Midlands For Sale

Business description

SUPERB WELL ESTABLISHED CAFÉ - WEST MIDLANDS
Early interest and viewing is highly recommended
Prominent town centre location in Black Heath
Advised annual turnover of £57,000
Scope for further development
Low annual rent of £10,000
Repeat customers
Priced sensibly
Easy to run
LEASEHOLD


Business History

Meridian Business Sales are privileged to offer to the market this well respected café. The business has been established for over 40 years on and off and has been in the careful hands of our client for the last 4 ½ years. This superb concern is only being offered to the market due to our clients wish for well deserved retirement. During our clients ownership they have completely renovated the property and continually invested in new equipment, along with fixtures and fittings which is all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Our client informs us that the annual turnover for the cafe is £57,000 which is derived from the sale of hot and cold food such as breakfasts, sandwiches, soup of the day, jacket potatoes, selection of main meals and teas and coffees. The business benefits from regular repeat customers along with lots of passing trade due to its prominent location. The business is owner operated and employs 1 part time member of staff along with a Saturday helper. We believe that there is still huge potential to increase turnover as the business is run to suit so as to trade below the vat threshold and as such early viewing is highly recommended as this business cannot be missed.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 6 years
Remaining: 16 months
Rent: £10,000pa

Location:

This superb café is located in the town centre of Black Heath in Rowley Regis. It's in a high street location in a very densely populated area and surrounded with a mixture of commercial shops and residential properties. It's situated in an area known as The Black Country which gained its name in the mid nineteenth century due to the smoke from the many thousands of ironworking foundries and forges plus the working of the shallow and 30ft thick coal seams. It's easily accessed as is just 2 miles from junction 2 of the M5 motorway which links to the M6 motorway.

Premises details:

Well positioned café in high street location, briefly comprising;

GROUND FLOOR
Door leading to café with front lower level seating for 10 leading to raised area with disabled ramp and further seating for 20, sales counter with sink drainer and wash basin

Hallway with customer toilet and wash basin

Catering kitchen, comprising
2 x toasters
Fridge
Sink drainer
Wash basin
Veg sink
2 x microwaves
2 x 4 ring gas hob and oven
Fat fryer

Dry stores with fridge freezer, chest freezer, fridge and storage shelves

EXTERNAL
Rear yard (potential to extend subject to planning permission)