Cafe in Birmingham For Sale

Semi-detached property, busy road, residential and commercial area, WEST MIDLANDS. BIRMINGHAM

Turnover £ 4,500
Price £90,000

Features

Café

DOUBLE FRONTED PREMISES in the region of 1,200 ft². Suspended ceiling with concealed lighting, commercial carpeted floor. Tables and chairs providing seating for 24 persons. Sales counter, with storage beneath, electric cash register, cake display fridge, Lavazza coffee machine (rented at £75 per month to be taken over), coffee grinder, upright drinks fridge.

OPEN PLAN KITCHEN. Stainless steel extracter and canopy, 2 Griddles, 4 pot bain marie, deep fat fryer, 4 burner hob with double oven, 2 microwaves, commercial toaster, panini press, large fridge, 2 chest freezers, stainless steel preparation table, double sink and drainer, wash hand basin.

Large storeroom

Cloak room with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 3.30pm

Outside

Large rear garden with vehicle access

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 12 years in 2018 with reviews every 3 years (next review 2024) at a current rent of £10,200 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE, SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote