Hilton Smythe are pleased to have been given the opportunity to manage the sale of Bennett’s Bar which is a well-established café business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
Bennett’s Bar is a family business that was founded in 1947 and enjoys a fantastic reputation with an impressive number of regular customers many of whom are known on a first name basis by the current owner who is a popular and well respected member of the local community.
The business is now being sold, albeit reluctantly and with a heavy heart only so that the owner can enjoy a well-earned retirement in the Spanish sunshine, he is keen to see his beloved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Bennett’s Bar is a Traditional café selling a range of dishes that are freshly prepared on the premises using local ingredients wherever possible, the menu includes:
- Hot and cold sandwiches
- Jacket potatoes
- Hot dinners
- Hot pork cobs and sandwiches
- Hot and cold drinks
- Lunchtime meal deals.
Reasons to Buy
- A well-established business with an enviable reputation and many regular customers
- Prime trading position in the Market Hall
- Attractive council lease with no business rates
- Everything included in sale making this a real Turnkey business opportunity
- Current owner happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business
Hilton Smythe highly advise early viewing to avoid disappointment
This cracking little business is likely to attract considerable interest.Location
Bennetts Bar is located in Bilston in the West Midlands.
Bilston is a town in the English county of West Midlands, situated in the south-eastern corner of the city of Wolverhampton. Historically in Staffordshire, three wards of Wolverhampton City Council cover the town.
21st century developments in Bilston include the South Wolverhampton and Bilston Academy and the adjoining Bert Williams Leisure Centre which form the centrepiece of the towns new Urban Village which is planned to include an eventual total of more than 1,000 new homes.
During 1995, the final phase of the Black Country Route between Bilston town centre and Junction 10 of the M6 was completed. This new road has seen a major improvement in the traffic flow around Bilston town centre.
Bilston is served by several bus routes at Bilston Bus Station. It is also served by National Express West Midlands Service 79.
Bennett’s Bar is ideally situated within the unusually busy and vibrant indoor market, the Market Hall in the centre of the town. The business is immaculately presented and maintained with clear visible signage and distinctive green livery.
There are a number of inexpensive public car parks within easy walking distance.Premises
Bennett’s Bar occupies a ground floor retail unit, is immaculately presented and maintained and briefly comprises;
Window to side creating a light airy and inviting interior, nicely proportioned café with tables and chairs and breakfast bar to each side with stools, full width bespoke counter with glass fronted pie warmer, stainless steel urn, Fracino coffee machine x 2, under counter fridge, under counter glass fronted drinks chiller, electronic till and perimeter shelving
Open plan, comprehensively equipped catering kitchen with vinyl non slip flooring, full extraction system with stainless steel canopy, 2 ring electric hob, stainless steel preparation tables, 2 x microwave ovens, Ace fryer, Ace griddle, Ace Bain Marie, induction oven, freezer, fridge, stainless steel handwash basin, stainless steel sink and drainer, stainless steel plate racking, 2 x 4 slot toasters, Signet urn.
There is a generous outside seating area with tables and chairs providing approximately 40 covers, ideal to sit and watch the world go by after a day’s shopping!Tenure
We are advised that Bennett’s Bar is being sold as a leasehold business opportunity. The existing lease has approximately 3 years remaining, and the rent is £18,000 per annum which is reasonable given the location of the business and the incredible footfall that it has.
We are advised that the business benefits from being exempt from business ratesHours
The business is run and managed by our client with the help of 6 part time members of staffFinancial Profile
Bennett’s Bar generates an advised current turnover of circa £182,000 with a healthy gross profit.