Old Established CafÉ/sandwich Bar (full A3 Use) | | Undisclosed West Midlands | | Situated end of parade, busy road, densely populated residential area, office, residential area with the advantage of a hospital nearby, WEST MIDLANDS | | ADVERT NUMBER : 60881
ADVERT IMPRESSIONS : 19,095 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £40000 | | | | | BUSINESS DETAILS: | Features : This old established business has been trading a Café/Sandwich Bar for approximately 15 years, however, has been owned by the present owners for approximately 30 years and indeed we understand was established as a Bakers in 1890, now offered for sale by the present owners, due to retirement.
Front area with space for 1 table and 3 chairs
The Café/Sandwich Bar is situated end of parade, occupying a corner position. 4 display windows.
SPACIOUS CAFÉ/SANDWICH BAR with non-slip floor, suspended ceiling with concealed lighting. Full Gas Fired Central Heating. Tables and chairs providing seating for 30 persons. Upright single door glass fronted drinks display fridge (owned), cool display serveover counter, electronic cash register.
LEVEL OPEN PLAN KITCHEN with non-slip floor, well fitted. Millstream Merrychef, double Lincat hob unit, Lincat 5-pot bain marie, plate warmer, 2 small upright deep freezes, Lincat grill, Lincat hotwater dispenser, dishwasher, sink and drainer, 2 commercial microwave ovens, stainless steel work surfaces etc.
Tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Location : Situated end of parade, busy road, densely populated residential area, office, residential area with the advantage of a hospital nearby, WEST MIDLANDS
Opening Hours : Monday - Saturday inclusive - 8 a.m. - 3.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is terrific potential for additional opening hours.
Turnover : WE ARE INFORMED the turnover currently averages £1,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 6 years full repairing and insuring renewable lease at an initial rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent to be agreed thereafter.
Uniform Business Rates: £2,000 p.a. approx. (after small business relief)
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 30 YEARS AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The SELF CONTAINED accommodation, not utilized at present and in the form of a SELF CONTAINED FLAT over, comprises:
3 Rooms (2 doubles, 1 single)
Cloakroom with w.c. and wash hand basin
Kitchen
It will be appreciated upon inspection that there is space on the landing area for the installation of a shower (4 chest deep freezes are actually housed in the flat for storage purposes).
Staff : At present operated by the vendor with the assistance of his wife plus 3 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
