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Busy Cafe and Diner For Sale in Prime Location in Walsall Town Centre

Walsall, West Midlands
Leasehold Price:
£170,000
Status
FOR SALE
Advert ID
219357

UPDATE:  We have now moved  into the dessert market, with the installation of a new ice cream freezer.  We offer ice cream, milkshakes, waffles and sundaes.  This will further boost our sales.

 

 

Situated in a very sought position in Walsall Town Centre, we have a cafeteria/bakery for sale.  Offering everything from sausage rolls to baguettes and sandwiches, from breakfast baps to cooked meals, from jacket potatoes to Paninis.  

Shop laid out professionally with quality warranted equipment, seating for 45 customers minimum, both inside and outside of the shop.

Having employed 4 part time staff and one manager, we have a great team of experienced chefs.

All products sold are of high quality and at competitive prices.  Already running at profit, there is an option to increase prices and achieve further revenue.  The business has scope to grow much further and the new buyer will be advised and given information as to how that is possible, with all the background and marketing work already done.

The business is open 7 days a week from 7am till 5.30pm and reduced hours on Sunday.  With approx 1500 people passing the store in an hour, the bus terminal is yards away from the shop, and Walsall markets are situated right on the doorstep.  There are two doors to the premises, one leading onto the main street and the other into the Grade 2 listed arcade, both doors have unrestricted access.  Written permission is given for seating outside.  

The reason for the sale is investment elsewhere, and we require funds hence the sale of the business.  Growth and cost expenditure will be shown as well as bank statements.  

The business is sold as leasehold, and there are no restrictions as to what you cannot sell.  Alcohol licence can be obtained for the premises should the new buyer require.  The business can be extended to also selling asian food or even chips.  All fixtures will be sold from the drinks chiller, 2 cold modules and one hot module, prep counter, oven, food chiller, walk-in freezer and the EPOS system, and much more.  The store also has a disabled customer toilet and built in music system.  Advice and help will be given as well as 6 weeks handover and training should you require.

Situated in a corner plot, will full floor to ceiling glass covering the two sides of the building, the location is a selling point alone on its own.  Passers by can see all the shop from the outside and see how professionally the shop is laid out.  There has been demand since the store opening but we were not in a position to sell as business was growing.  

We are looking at a leasehold value of £170,000 or nearest suitable offer.  The tenancy is on a 10 year lease with rent review in Year 5.  Rent stands at £27,000 approx per annum, which is achievable with out any hard work.  The business is already growing at a profit within a few months of opening and greater growth is forseen as predicted, as we are working past target figures.

This is a great opportunity for a business minded person, or anyone with cooking experience.  The staff are all fully qualified on all aspects of the business. from cooking food, operating the till system, closing and opening the store and placing orders.

 

 

Viewing is recommended and sensible offers will be considered.

Listing Details
Leasehold Price: £170,000
Tenure: Leasehold
Location: Walsall, West Midlands
Sector: Cafes, Bakery Businesses, Take Aways Businesses
Financials
Annual Turnover: £330,000
Annual Net Profit: £75,000
Key Features
  • Fully Fitted
  • Unique Business
  • High Turnover
  • Close to Local Amenities
  • Established Business
  • Attractive Business
  • Town Centre location
  • Offers Invited
  • New Lease
  • Prime Location
  • Accounts Available
What's nearby
Within 1 milei:
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Francis martyn high school (School)
FaceDoctorUK - Botox, Fillers & Aesthetics (Spa)
Hatherton Rd (Stop WD) (Bus Station)
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Lockley's Make & Bake (Bakery)
Boots the Chemists Ltd (Pharmacy)
Sweat Union Walsall (Gym)
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