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Established Leasehold Café Located In Lye For Sale

Lye, West Midlands, UK
Asking Price:
£29,950 Furniture / Fixtures included
Sales Revenue:
£62,400
Cash Flow:
Available on request

Established Leasehold Café located In Lye. Two bedroom accommodation above. Operates only 16.5 hours per week. 5* food hygiene rating. Prominent main road location.

Veritas Business sales are delighted to offer for sale this respected Café which is located in Lye. The business has been established since the 1960’s and has been in the careful hands of our clients for the past 10 years. Reluctantly the café is now being offered for sale so that he can enjoy a well deserved retirement.
Since ownership they have continually invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price which means any new purchaser will not need to spend any additional funds for some time. The Café is owner operated with the help of 2 part time members of staff and has an average weekly turnover of £1,200. They serve a fine range of traditional cooked breakfasts, hot & cold sandwiches, toasties, lunchtime specials, jacket potatoes, omelettes, chips and hot & cold drinks. By choice approximately 90% of the turnover is delivered out via the online portals Uber Eats & Just Eat with the remaining 10% from walk-in trade.
We believe that there is further potential to increase trade should you wish to by extending upon the current opening times (which are short through choice) and promoting the eat in customers back into the restaurant. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 15 years (Renewable) Remaining: 5 years Rent: £12,000 pa Rates: zero

Leasehold Rent:

£12,000 per annum

Location:

This established Café is located in village of Lye near Stourbridge. Situated within a prominent and highly visible trading position on the main (A4036) Dudley Road, which stetches from Hagley to Dudley and passes the Merry Hill Shopping centre. The immediate area has plenty of businesses and industry along with residential properties. Stourbridge town centre is (2 miles) and you have easy access to the M5 motorway which opens up all major motorway networks.

Premises Details:

Ground Floor
Café comprising: tables & chairs to cover (20), sofa, sales counter with chilled display cabinet (Polar), hot water boiler, wall mounted TV (Bush), 2 wall mounted menu blackboards, ceiling mounted menu board and radio. Kitchen comprising: cash register (Sharp), commercial microwave (Merry Chef), commercial microwave (Amana), three stainless steel tables, upright fridge (Beko), stainless steel sink drainer, 2 stainless steel wash basins, 4 wall mounted shelves, stainless steel worktop with 10 pot wet bain-marie, 4 pot dry bain-marie and 2 warming cupboards below, 2 wall mounted knife sets, extraction canopy, gas griddle, 4 burner range, dual deep fat fryer (Pitco), combination boiler (Vaillant) and 2 stainless steel fridges (Electrolux).

Accommodation
Ground Floor
Door leading into kitchen.
Lounge with combination boiler (Ariston).
Bathroom with shower cubicle, W/C and wash basin.
Hallway with stairs to first floor.
First Floor
Double bedroom
Lounge

The property benefits from UPVC double glazing and gas fired central heating. The flat can be sub-let.

External
Rear gated yard with parking for (2). Covered yard area for external seating. Block built store room. Block built W/C with wash basin. Block built storeroom with chest freezer, upright fridge (Electrolux) and shelving unit.
Self-contained door leading to the accommodation.

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday & Tuesday – closed
Wednesday – 9:00am – 11:30am
Thursday – Sunday – 8:00am – 11:30am

Years established:
60 years

Other Information

Inventory / Stock value:
£500

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