Unique Victorian Themed Indoor Market With Cafe For Sale

Business description

PRODUCTS
• As an indoor market there are a
variety of stall holders & glass
cabinets with a large variety of goods.
• There are 12 stalls, 30 glass cabinets.
• The gallery café includes full food
preparation kitchen.
• The front of the business is let to
hairdressers.

SERVICES
• Although the market is open to
experienced traders, the market also
offers members of the community the
opportunity to develop a small retail
business with low set up costs,
overheads and low risk.
• They have access to free WiFi
internet and a low cost web service is
offered.
• The market is working with local
agencies to provide employment
opportunities.

CUSTOMERS
• The main client base consists of local
residents, although there has been a
marked increase in customers
travelling from further afield.

OVERHEADS
Staff £17,000 pa
Rates £12,500 pa
Gas £3,000 pa
Electricity £1,200 pa
Other £6,612 pa
Total £40,312 pa

EQUIPMENT, FURNITURE,
FIXTURES & FITTINGS
• The fixtures and fittings are valued at
circa £40,000 and include the catering
equipment and furnishing in the café,
the market interior including the
stalls, large cast iron lamppost, clock
tower, CCTV, sound system, glass
cabinets, tills. The fixtures & fittings
are included in the asking price.
• Stock valued at circa £12,500.

STRENGTHS
• A unique indoor themed market with great ambience.
• A high class themed café unique to the area.
• Ideally located off the main shoppers car park.
• Potential for expansion of services and facilities.

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be
conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold,
let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made
without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Freehold

Location:

• Prime location off the Main Shopper’s car park
• Off Rubery High Street
• Easy access from the A38 and M5 (Junction 4).

Premises details:

The premises consist of:
• A Victorian street themed indoor
market with a large central cast iron
lamp post & clock tower.
• 12 internal market stalls.
• 30 glass cabinets.
• A 32 seater café with full food
preparation kitchen.
• Male and female toilets with full
disabled facilities.
• An exterior secure compound area
that can accommodate a further 16-20
stalls and a hairdressing salon at the
front of the building.

Business Operation

Expansion potential:

• Development of the outdoor market.
• Development of the web-based store and commissions from traders.
• Development of cash for gold facilities.
• Additional glass cabinets.
• Additional trading days.
• Possible Sunday car boot sale in adjacent car park.
• Enhanced arts and craft sales commissions.

Reasons for selling:

• The Vendors have converted the building into an indoor market with a Victorian street theme and a gallery café. • The Vendors have always intended to sell the business once completed and successfully trading, as the Vendors are developers & not retailers.

Trading hours:

• 9am – 5pm (Tue – Sat).
• Extended hours and trading days
applied for and (application pending).

Employees:

Business is run by 1 full time member of staff and 1 part timer.

Years established:

The current vendor has owned the business for 5 years.

Other information

Furniture / Fixtures value:

£40,000 (included in the asking price)

Inventory / Stock value:

£12,500 (included in the asking price)