Old Established Cafe in Birmingham For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, BIRMINGHAM

Turnover £ 1,650
Price £43,000

Features

Old Established Café

6 DAYS OPENING
FORECOURT WITH SEATING FOR UPTO 25 PEOPLE
4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 800 ft² WITH ELECTRIC SHUTTERS AND CANOPY, lino floor, suspended ceiling with fluorescent lighting, sales counter, cash register. Tables and chairs providing seating for 55 People, CCTV system (4 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Gas 4-burner Cooker, 2 grills, deep fryer (2 pan), 3 microwaves, dishwasher, sink and drainer, 5 fridges, 4 freezers.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin..

Staff Toilet with w.c. and wash hand basin.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,650 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 9am - 3pm

Outside

Parking to the rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 5 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £20,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £43,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 21,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote