Unique Victorian Themed Indoor Market With Cafe | | Undisclosed West Midlands | | WEST MIDLANDS Unique Victorian Themed Indoor Market With Cafe Prime location off the Main Shoppers car park Excellent investment opportunity Potential for increasing services, facilities and turnover Freehold - £490,000 + SAV Ref 0034 AV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72704
ADVERT IMPRESSIONS : 8,361 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Other | | SALE: | Agent Sale | FREEHOLD: | £490000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | REF: 0034 AV
UNIQUE VICTORIAN THEMED INDOOR MARKET WITH CAFΙ 32 COVERS
PRIME LOCATION NEAR MAIN SHOPPERS CAR PARK & BUSY HIGH ST
EXCELLENT INVESTMENT OPPORTUNITY
POTENTIAL FOR INCREASING SERVICES, FACILITIES & TURNOVER
LOCATION
Prime location off the Main Shoppers car park
Off Rubery High Street
Easy access from the A38 and M5 (Junction 4).
HISTORY
The current vendor has owned the business for 5 years.
REASON FOR SALE
The Vendors have converted the building into an indoor market with a Victorian street theme and a
gallery cafι.
The Vendors have always intended to sell the business once completed and successfully trading, as the
Vendors are developers & not retailers.
WEST MIDLANDS:
FREEHOLD: £490,000 + SAV
PRODUCTS
As an indoor market there are a
variety of stall holders & glass
cabinets with a large variety of goods.
There are 12 stalls, 30 glass cabinets.
The gallery cafι includes full food
preparation kitchen.
The front of the business is let to
hairdressers.
SERVICES
Although the market is open to
experienced traders, the market also
offers members of the community the
opportunity to develop a small retail
business with low set up costs,
overheads and low risk.
They have access to free WiFi
internet and a low cost web service is
offered.
The market is working with local
agencies to provide employment
opportunities.
CUSTOMERS
The main client base consists of local
residents, although there has been a
marked increase in customers
travelling from further afield.
SUPPLIERS
The stall holders and cafι managers
source their own suppliers & stock.
STAFF
Business is run by 1 full time member
of staff and 1 part timer.
TRADING HOURS
9am 5pm (Tue Sat).
Extended hours and trading days
applied for and (application pending).
FINANCIALS
Turnover - £108,445.
Gross Profit - £91,445.
Net Profit - £68,133.
Specific Income Sources:
OVERHEADS
Staff £17,000 pa
Rates £12,500 pa
Gas £3,000 pa
Electricity £1,200 pa
Other £6,612 pa
Total £40,312 pa
PREMISES
The premises consist of:
A Victorian street themed indoor
market with a large central cast iron
lamp post & clock tower.
12 internal market stalls.
30 glass cabinets.
A 32 seater cafι with full food
preparation kitchen.
Male and female toilets with full
disabled facilities.
An exterior secure compound area
that can accommodate a further 16-20
stalls and a hairdressing salon at the
front of the building.
EQUIPMENT, FURNITURE,
FIXTURES & FITTINGS
The fixtures and fittings are valued at
circa £40,000 and include the catering
equipment and furnishing in the cafι,
the market interior including the
stalls, large cast iron lamppost, clock
tower, CCTV, sound system, glass
cabinets, tills. The fixtures & fittings
are included in the asking price.
Stock valued at circa £12,500.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be
conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold,
let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made
without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises
STRENGTHS
A unique indoor themed market with great ambience.
A high class themed cafι unique to the area.
Ideally located off the main shoppers car park.
Potential for expansion of services and facilities.
SCOPE
Development of the outdoor market.
Development of the web-based store and commissions from traders.
Development of cash for gold facilities.
Additional glass cabinets.
Additional trading days.
Possible Sunday car boot sale in adjacent car park.
Enhanced arts and craft sales commissions.
VIEWINGS:
A non disclosure agreement will have to be signed and returned prior to any
further information and viewing. | | | | | | FOR SALE | | | | | REFERENCE: | 0034 AV / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
