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Caribbean Restaurant and Bar for sale in Cradley Heath West Midlands

Cradley Heath, West Midlands

CONFIDENTIAL

  • Status

    FOR SALE

  • Advert ID

    650776

  • Asking Price: £35,000 (Stock at valuation)
  • Turnover: £144,000 (£2,769 per week)
  • Profit: £20,000 (14% Profit margin)

Key Features

  • Family-owned reputation
  • Family-run catering service
  • Financial growth potential
  • Flexibility for event types

Business Details

Caribbean Restaurant and Bar for sale in Cradley Heath West Midlands.

The business has established itself in the community for 13 years, showcasing a strong reputation that comes as a result of being family-owned and operated. Over this period, the establishment has developed a loyal customer base, which is further enhanced by the nearby amenities such as Iceland, Tesco, Lidl, and Boyle's Sports. These attractions not only draw in foot traffic but also provide convenience for patrons who may wish to visit the business for a meal or drink after shopping or enjoying other local services.

Within its competitive landscape, the establishment stands out as the only Caribbean dine-in restaurant and bar in the area. This unique offering has enabled it to maintain a niche market presence, capitalizing on the growing demand for diverse dining experiences. The potential for financial growth remains significant, especially for those keen on expanding the catering side of the business, which has shown remarkable flexibility in event types and functions. This adaptability can accommodate various private gatherings, corporate events, or celebrations, allowing the new owner to tap into multiple revenue streams.

Comprehensive Facilities and Equipment

Included in the sale are a range of fixtures and fittings essential for daily operations. The fully equipped kitchen and bar come with food preparation appliances and dining furniture, ensuring a smooth transition for the new owner. The property is designed for flexible usage, capable of hosting a variety of business functions, while the fully stocked beverage bar enhances the dining experience for guests. Additionally, the operational setup is comprehensive, including everything needed to keep the business running efficiently from day one.

Reasons for Sale and Future Potential

The current owner is selling due to a planned relocation, creating a unique opportunity for a new proprietor to step into an established and fully operational business. The online presence of the establishment further amplifies its market visibility, making it an attractive venture in today's digital age. Flexible viewing times are available for prospective buyers to explore the premises, making it convenient to recognise the potential within the well-fitted interiors and equipped spaces.

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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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