Busy Oldest Independent Cafe in Stourbridge West Midlands Up for Sale
Stourbridge, West Midlands
- Status
FOR SALE
- Date Submitted:
24/04/24
- Advert ID
610343
- Leasehold: £45,000
- Rent: £10,000
- Turnover: £100,000 (£1,923 Per week)
- Net Profit: £18,000 (18% Profit margin)
Key Features
- Attractive Business
- Offers Invited
- Established Business
- Town Centre location
- Close to Local Amenities
- Open Plan Trading Area
- Prime Location
- Incentives May Be Available
- Price Reduced
Business Details
Busy oldest independent cafe in town
The oldest independent cafe in town is now available for sale. This bustling cafe has been a staple in Stourbridge, West Midlands for 23 years and boasts a prime location in the town centre. A thriving business with a consistent increase in turnover year after year, this property is listed at a reduced leasehold price of £45,000. The current annual turnover is £100,000 and offers a profit margin of £18,000. Any prospective buyers should note that this price includes all stock and that we are open to offers.
One of the main factors contributing to the success of the cafe is its lack of competition nearby, which allows it to maintain a large number of regular customers who add to its steady income. The cafe currently operates from Monday to Saturday, opening at 8 a.m. and closing at 4 p.m. However, there is permission to extend the trading hours from Monday to Sunday, 8 a.m. to 11 p.m., if desired.
In addition to its daily operations, the cafe hosts evening events in a bistro style, a popular choice amongst entrepreneurs seeking to optimize their profits. Moreover, this business is an attractive opportunity due to its proximity to local amenities in the busy town centre. There may even be potential incentives available for the new property owner.
The aesthetic of the café presents a quaint atmosphere with unique interior brickwork and vintage decorations. It has a fully equipped kitchen that includes multiple microwave ovens and a professional espresso machine. The cafe's cosy dining area is brightened with natural light, offering a variety of seating options for customers. It is located in a highly visible area with a distinctive street view right next to a classic red telephone booth door.
One significant advantage of this business is its diverse menu. In line with the growing food trend, it offers an array of choices including vegetarian and vegan options, reflecting the cafe's commitment to inclusivity for all dietary preferences. Overall, this café represents a prime business opportunity for interested parties.
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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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