Established West Bromwich Cafe with Potential for Growth in Prime Location
West Bromwich, West Midlands
- Status
FOR SALE
- Date Submitted:
29/04/24
- Advert ID
610512
- Reference
11265 / Rightbiz
- Call Agent:
- Leasehold: £149,950
- Rent: £13,000
- Turnover: £364,000 (£7,000 Per week)
- Net Profit: On request
Key Features
- Fully Fitted
- High Turnover
- Established Business
- Offers Invited
- Attractive Business
- Accounts Available
- With Car Park
Business Details
Well Established Cafe Located in West Bromwich West Midlands
Very well established café business for sale located in an excellent parade of shops with customer car parking in a densely populated residential area and also close to industrial estates and a school. Gross takings average around £7,000 per week mainly over the counter with Uber Eats making up £750 per week of the total. The café opens 8.00am to 2.00pm Monday to Friday and 8.00am to 1.30pm Saturday closed on Sundays. The business which has 44 covers is operated by the owner with 5 part time staff serving breakfasts hot sandwiches toasted sandwiches jacket potatoes and dinners. The property comprises ground floor café area with customer WC with rear fully fitted and equipped kitchen plus rear washing room and staff WC and outside to the front customer car parking and to the rear staff parking and a garage used for storage. To the first floor there is a two bedroom flat with bathroom lounge and kitchen. The premise is secured on a 15 year lease from 2014 with a rent of £13,000 per annum. The flat is rented out at £5,400 per annum. There is tremendous scope to increase the current turnover by increasing the hours opening Sundays and evenings.
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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