* REDUCED * Modern Cafe in Popular High St in the West Midlands

Smethwick, West Midlands
REF: R07131

Asking Price:
£43,000
Annual Turnover:
£85,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: R07131
Photo of * REDUCED * Modern Cafe in Popular High St in the West Midlands
Photo of * REDUCED * Modern Cafe in Popular High St in the West Midlands
Photo of * REDUCED * Modern Cafe in Popular High St in the West Midlands
Photo of * REDUCED * Modern Cafe in Popular High St in the West Midlands

Overview

Tenure:
Leasehold
Established:
2016
  • Very Loyal Customer Base
  • Excellent Reputation
  • Recently Refurbished
  • Friendly & Professional Team
  • Huge growth potential

The business for sale is a modern, newly fitted and furnished café in a prominent high street position in Smethwick in the West Midlands.

The café is renowned for its array of high-quality hot and cold dishes, breakfasts, sandwiches and jacket potatoes etc. In turn, the café has received exceptional reviews on Just Eat from the online client base.

A new buyer will benefit from contemporary premises with all equipment included within the sale. The café is now available on a leasehold basis.

The café is entered via Bearwood road - a single-glass-fronted premises in a terraced position. Externally, the business showcases the brand name and logo and with the address and contact number placed adjacent. Directly through the entrance is the seating area with a variety of different table and seating layouts for approximately 20 covers.

There are some soft furnishings close to the window and a breakfast bar along one wall. At the rear, there is the serving counter with a glass counter display and a coffee machine behind. There is also a disabled access toilet for customer use. Further along and at the very rear is the well fitted out kitchen with a store and office.

All equipment and furnishings are contained in the sale to include the coffee machine, fridges, freezers, flat top, toasters, panini machine, ovens and microwaves etc.

The footfall and loyal customer base favour the eatery resulting in an impressive annual turnover.

Currently, the business is successful with only word of mouth as its promotion meaning it can be further profited from extra advertising. The business is not present online, so there is a keen opportunity to create a website; which could be used to promote certain aspects of the menu. This would give the business further exposure along with the opportunity to market to a wider audience. The business currently does not have an alcohol licence, if wanted; the buyer could purchase one in order to offer alcohol as a way of creating a unique service to the archetypical cafe.

The current owners are willing to stay on for a period of time if a transitional period is needed.

Features

Online Presence

Website: twitter.com/SerenityCafe514

Location

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  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Limited Competition
  • High Street Location

Property

Annual Rent
£12,000
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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