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Popular Cafe Business in Cradley Heath, West Midlands For Sale

Cradley Heath, West Midlands

£18,000 +SAV

Ref: 2525

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Description

Hilton Smythe is delighted to welcome to the market this well-established and popular café business, in a prime trading location in Cradley Heath, West Midlands.

The business was established in the 1980s and has been in our clients careful ownership since 2012. Only now is the business, reluctantly, being offered to the market due to our clients concentrating on other businesses and careers. The business operates 6 days per week and generates a turnover in the region of £63,000 per annum, with a good gross profit.

The turnover is generated from the sale of all day breakfasts, Paninis, sandwiches, toasties, hot meals and jacket potatoes, as well as a selection of hot & cold beverages and snacks. The business has built up an enviable reputation within the area for the high quality of the fayre served, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals.

We feel the turnover could be increased by extending the opening hours of the business. There is also scope to offer a delivery service to local businesses within the area. a new owner could also embark on a modest marketing campaign to highlight the business and products available.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised Leasehold:

Original lease length: 10 years
Remaining lease length: 7 years
Rent: £1,000 per month

Hours

The business is open:

Monday – Friday: 7.30am – 2.30pm
Saturday: 8.00am – 2.00pm
Sunday: Closed

Staff

The business is owner run and managed with 3 x part time staff members.

Financial Profile

The business generates a turnover in the region of £63,000 per annum, with a good gross profit.

Location

The Tea Junction occupies substantial two-storey premises, ideally located in the small town of Cradley Heath in the West Midlands. The business is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from on street parking facilities to the front of the premises. The area of the business is surrounded by densely populated residential areas, from which the business derives much of its trade.

Cradley Heath remains a traditional shopping centre, offering an alternative to modern malls. It has two market halls and numerous privately owned shops and businesses. The old market hall has been in Cradley Heath for over 100 years.

The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. Cradley Heath railway station is less than one mile away. The area is also well served by the A-roads, with the business being located on the A4100, which links to the national A-road and motorway networks. Dudley is approximately 3 miles away and Birmingham is 9 miles away.

Premises

Substantial two-storey premises, ideally located in a prime trading location, briefly comprising:

Main café area with:

Tiled effect flooring.
Large window to each side of the door, with roller blinds.
Menu boards.
Feature spotlighting.
L-shaped counter with electronic cash register, glass crisp display, coffee machine and stainless steel urn.
Under stairs storage cupboard with glass fronted drinks chiller unit.

Main kitchen area with:

Full extraction system.
Hand wash basin.
6 pot Bain-Marie.
Beko double oven with halogen hob.
Double deep fat fryer.
Griddle.
Larder refrigerator.
Microwave oven.
Burco 6-slot toaster.
Panini press.
Ample worktop and storage units.
Magnetic knife storage.

Rear kitchen area with:

Hotpoint refrigerator/freezer.
Beko upright freezer.
Beko upright refrigerator/freezer.
Daewoo stainless steel microwave oven.
Double stainless steel sink unit with drainer.
Hotpoint larder refrigerator.
Beko dishwasher.
Two additional microwave ovens.
Heated serving trolley.

Rear store cupboard with:

Hand wash basin.
Beko upright freezer.
WC and hand wash basin.

First floor:

One bedroom flat with its own entrance, currently rented out at £400 per month.

External with:

Good signage.
Security grills.

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