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**CLOSED* Established Café Restaurant situated in a prime location

Wednesbury, West Midlands
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**CLOSED* Established Café / Restaurant situated in a prime location**CLOSED* Established Café / Restaurant situated in a prime location**CLOSED* Established Café / Restaurant situated in a prime location**CLOSED* Established Café / Restaurant situated in a prime location**CLOSED* Established Café / Restaurant situated in a prime location**CLOSED* Established Café / Restaurant situated in a prime location
  • Leasehold: £20,000
  • Rent: £10,440
  • Turnover: On request
  • Net Profit: On request

Business Details

Mailbox Estates presents an opportunity to purchase a cafe/ restaurant which is completely unopposed. The store is well fitted and is relied upon in the local community.

** Closed as of 1st June 2022 due to staffing**

Established since September 2021, the café serves a fine range of cooked breakfasts, freshly cut sandwiches & baguettes, jacket potatoes, toasties, salad boxes, daily specials, hot dogs, fries, sausage rolls, pasties, breads, cakes, specialist teas & coffees and cold drinks.

The business then transforms from a Café to a restaurant on evenings. It sells hot fast food such as burgers, fries, pizza slices etc

Our Client reluctantly sells this gem of a business due to other business interest that require their full attention.

Turnover
• We have been advised that the turnover ( when operating ) was around £1,500 - £2,000 per week.
The business also offered a delivery service using Uber Eats.
Counter sales contributed to around 50% of the sales.

Opening Hours
Monday - Sunday 9:30am - 2:00pm then 5:00pm - 11:00pm
Friday - 5:00pm - 11:00pm

External:
There is on street parking available outside the business.

Tenure:
* The site is offered by way of the transfer of the existing lease with 10 years remaining.

Rent:
The rent per annum is £10,440.

Rates
* The business benefits from Small Business Rates Relief.
Purchasers should enquire with relevant local authorities to confirm the rates payable

Staff
This store was run under full management with four full time members of staff. However as this is a family run business, no staff with transfer with the sale.

Fixtures and Fittings
All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.

Additional Information:
* There is demand for further trade should a prospective buyer wish to extend trading hours.
* The business can be found on Instagram with branded stock.
*Recent canopy installation worth over £2,000.

*Potential for other food use such as Chinese, Jamacian food or Pizza / Grill house as there are not much competition nearby.

Viewing is highly recommended, strictly via agent only.

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Key Features

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THIS BUSINESS IS NOW UNDER OFFER

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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