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Sunday 20th of Aug 2017 - My Account - Register - Brokers - Bookmark RightBiz
Leasehold:
£59,500

Popular Cafe And Takeaway Located In The Centre Of Dudley Premium Advert

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Reference1246 / RightBiz
Status
FOR SALE
Advert ID191615
LocationDudley, West Midlands
SectorCafes, Tea Rooms, Sandwich Shops
Leasehold Price£59,500
Annual Turnover£150,000
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Date Ad Submitted
Falcon Commercial is delighted to offer for sale this well presented Cafe which occupies a prime trading position on one of the main shopping streets that runs through Dudley town centre. It has been under the proud ownership of our clients since 2011 during which time they have made considerable investment in improving and refurbishing the premises. It is now reluctantly being placed on the market as the owners wish to develop other business interests. During our clients stewardship the business has built up an excellent reputation for its welcoming atmosphere, fantastic food and great service.

Gala Coffee Lounge enjoys a central trading position on a busy shopping thoroughfare with good pedestrian flow. Local customers are attracted to the area by the range of businesses on offer that include both independently operated and multiple businesses. This thriving business is operated as a daytime cafe which serves a range of easily prepared drinks and food with all hot food being freshly cooked to order. It is considered the premises are suitable for all types of cuisine.

Gala Coffee Lounge is run by our clients with help from a dedicated team of part time staff and generates a turnover in the region of £150,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover possibly running a modest marketing campaign or by extending the opening hours to include Sundays.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended

The Premises
Substantial and well maintained leasehold building, benefiting from being in a highly visible position on one of the main roads that runs through Dudley. It is surrounded by an excellent mix of complimentary independent owned and multiple businesses.
The premises have been well maintained and are fitted and presented to high trade specifications throughout. The premises provide outstanding and highly functional internal business accommodation.
The premises briefly comprise:

Ground Floor
•Open plan customer seating area with a range of high backed chairs and tables. Tiled floors as well as an attractive servery with ample work surfaces behind, under counter open storage and refrigerators for drinks behind.
•kitchen area with extraction containing a good selection of well-maintained catering equipment.
•Customer toilets

Business Details

Opening Hours
•7.00am – 3.30pm Monday - Friday
•8.00am – 3.30pm Saturday
•Closed Sunday

Turnover
•£150,000 Per year

Business Rates
Business rates payable: £7000 per year
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Stock
The business stock value is: £2,000

Staff
The business is run by the proprietor with help from a dedicated team of part time staff who work on an agreed rota basis.

EPC
Commercial Energy Performance rating: TBC

Planning
Potential tenants are advised to make their own enquiries to The Planning Department, 4 Ednam Road, Dudley DY1 1HL

Tenure
•Leasehold.
•We are advised that the business comes with the benefit of a secure new lease for 15 years and has 7 years remaining.
•The annual rent payable is £17,500

Legal Costs
Each Party to bear their own legal costs incurred in the transaction.

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Viewing
Strictly by appointment with the vendor’s agents, Falcon Commercial, 1 Miltons Yard Axminster EX13 5FE on 01297 598080

Location
Dudley is a large town in the West Midlands of England, 6 miles (9.7 km) south-east of Wolverhampton and 10.5 miles (16.9 km) north-west of Birmingham. The town is the administrative centre of the Metropolitan Borough of Dudley and in 2011 had a population of 79,379. The Metropolitan Borough, which includes the towns of Stourbridge and Halesowen, had a population of 312,900. Dudley is sometimes called the capital of the Black Country.
Originally a market town, Dudley was one of the birthplaces of the Industrial Revolution and grew into an industrial centre in the 19th century with its iron, coal, and limestone industries before their decline and the relocation of its commercial centre to the nearby Merry Hill Shopping Centre in the 1980s. Tourist attractions include Dudley Zoo, Dudley Castle, the Black Country Living Museum and the historic marketplace
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