Price:
Leasehold - £49,995
Location:
West Midlands , Erdington, Birmingham
Business Type:
Food Service Businesses
Preferred Commercial is delighted to offer for sale this popular café, which was established in excess of 80 years and has been in our client's hands since 2007 and which is only now being placed on the market due to her wish for a career change. This deceptively spacious 90-cover café and sandwich bar is currently run at a restricted pace to suit our client and generates a turnover in the region of £145,600 per annum with a gross profit of 57%. This is derived from the sale of a wide selection of hot and cold food and beverages. There is scope for a new owner to open later in the evenings and to expand on the corporate catering side of the business, for which we believe there is a demand. We are advised that a new health centre is due to open directly across the road, which should bring a further 300 people to the High Street each day. We feel this represents an ideal opportunity to acquire an established café and sandwich bar with huge scope for future growth. Early viewing is highly recommended to fully appreciate.
High Street Café is situated in a parade of complementary shops and businesses on the High Street in Erdington, West Midlands. High Street, is one of the main shopping streets in the town and offers a high footfall and much passing traffic. There are ample parking facilities in the vicinity and several bus stops and a railway station within walking distance. Erdington lies approximately 5 miles north-east of Birmingham City centre and easily accessed with junction 6 of the M6 motorway just over a mile away.
Leasehold
Original length:15 years
Remaining:12 years
Review: every 5 years
Rent: 21,000 per annum
Mon - Sat: 9.00am - 5.00pm
Sun: Closed
Mid parade lock-up café premises. Briefly comprising:
Ground Floor
• Main sales area with tiled flooring, large wood and glass serving counter with electronic cash register, chilled cake display, menu boards to walls, coffee machine, open drinks chilled cabinet, 90 covers and modern art prints to walls
• Large commercial kitchen with stainless steel preparation areas, stainless steel sink, stainless steel extraction system, 6-burner hob and oven, 3 x microwave ovens, dishwasher, grill, hotplate, potato oven, 3 x stainless steel refrigerators and freezer
• Large storeroom
• WC and wash basin
• Further store room with 7 freezers, meat slicer and 3-pot Bain Marie
First Floor
• WC
• Store room
Second Floor
• 2 x large store rooms
External
• Shared car park to rear with 2 parking spaces
UK Non-Specific
£ 800,000
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