Well Established Traditional Cafe In West Midlands For Sale

Business description

High turnover well established traditional café business with sales of breakfasts hot & cold sandwiches and hot & cold drinks superbly located on a busy road in West Bromwich in a parade of shops including large convenience store Ladbrokes bookmakers Fish & Chip shop and Chinese takeaway with ample car parking facilities. Sales average £3,000 per week with a gross profit yield in the region of 70% operating 7.00am to 2.00pm Monday to Friday and 7.00am to 12.30pm Saturday. Premise comprises ground floor café area set up with 48 covers customer WC fully fitted and equipped kitchen store room and staff WC. To the first floor there is a self contained separate entrance modern gas centrally heated two double bedroomed flat. Outside there is rear car parking and a garage. The property is secured on a lease with a rent of £232 per week.

Property information

Property:

Leasehold

Lease terms:

The premise is secured on a lease with approximately 7 years remaining

Leasehold rent:

£12,060 per annum

Living accommodation:

Separate entrance self contained first floor flat with hallway fitted kitchen bathroom lounge and two double bedrooms.

Location:

Located on a busy road in West Bromwich in the West Midlands in a parade of shops including Ladbrokes bookmakers Large convenience store Chinese takeaway and fish & chip shop.

Premises details:

Two storey mid terraced property with ground floor cafe and fully fitted kitchen customer WC store room and staff WC. To the first floor two bedroom flat. There is plenty of customer car parking to the front of the premise and rear private parking spaces.

Business Operation

Trading hours:

7.00am to 2.00pm Monday to Friday and 7.00am to 12.30pm Saturday

Employees:

Operated by the owner and daughter with 3 part time staff

Years established:

The business has been established over 20 years

Other information

Financing available:

Hurdley & Co can introduce you to various business brokers or banks depending on your circumstances. We now have a qualified commercial broker with us able to offer finance from prime lenders at reasonable interest rates.