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Business for sale in United Kingdom - 8161b birmingham 25,000 leasehold cafe
| Asking Price: | 25,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 0 £ | ||||||||||
| Net Profit: | 0 £ | ||||||||||
| Year Established: | 2003 | ||||||||||
| Employees: | 4PT | ||||||||||
| # of family members employed: | 1PT | ||||||||||
| Location criteria: |
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Business types:
Accommodation & Food services
Business categories:
Coffee Shops & Cafes
Business description
Advent Business Sales have been instructed to offer for sale this well established caf . It was started 4 years ago by the current vendor and is reluctantly offered for sale due to retirement. The ground floor of the premises consists of the main caf area with 28 covers, the preparation and servery areas. The caf currently serves: Tea Coffee Breakfast and lunch Our client also offers a take away service, buffets for parties, weddings etc & bakes cakes for all occasions. The business also includes a first floor 2 bedroom flat which is directly above the shop which has had the same tenant for the last 4 years generating an income of 450 per month. The caf and kitchen has all been refurbished, as has the flat and has all the appliances needed. STAFF DETAILS The current vendor is working short hours and has a team of 4 part time staff who work a total of 20 hours per week. EXPANSION POTENTIAL This offers a huge amount of scope and potential as the current vendor does no advertising. Longer hours and buffets are all area which can be explored. TRADING HOURS Mon Fri: 8.30am 3.00pm Sat - Sun: closed FINANCIAL INFORMATION We have been advised by the vendor of the following: Weekly sales: 700 - 900 Gross Profit: 55% Income from flat: 450 per month Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES Ground Floor Caf area 28 covers Kitchen and preparation area Door leading to outside patio with 2 tables (8 covers) First Floor Stairs to spacious first floor flat Bedroom 1 Bedroom 2 Bathroom Kitchen Lounge Separate entrance TENURE: Leasehold Original lease: 10 years Remaining lease: 5 years Review every: 3 years Rent: 15,000 per annum We are advised that the annual business rates are currently: TBC
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | Not Disclosed |
| Reasons for selling: | sale due to retirement. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Leasehold Original lease: 10 years Remaining lease: 5½ years Review every: 3 years Rent: £15,000 per annum We are advised that the annual business rates are currently: TBC |
| Location: | The business is located just off the main road in the Kings Norton area of Birmingham. There is a huge amount of passing trade, which benefits from plenty of free parking directly outside the premises. It is situated within a parade of shops which brings good footfall. The immediate area is surrounded by a densely populated residential area. All major road and motorway links are accessed via the M6, M42 and the M1 |
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