Business for Sale in Wolverhampton, West Midlands - DAYTIME CAFÉ & RESTAURANT IN WOLVERHAMPTON - Leasehold: £60,000

Key Information

Ref
C32893K
Type
Catering Businesses: Cafes
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£1,700 Ex Vat
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Recently Established Daytime Café & Takeaway

Well Situated in Wolverhampton Busy City Centre

Taking £1,700 per week

Short Trading Hours

Expensively Fitted and Equipped

Leasehold Price £60,000

Description and Trade:

This very attractive Business was established by the present owner in 2016. The Café has been fully refurbished and fitted out to a high standard with all new equipment.

The Business trades during daytime hours only and is closed on Sundays. It is situated in a good trading position just a short distance from the main bus station in the city centre.

Harry’s Cafe has a menu comprising Breakfasts, Lunches, Curries, Jacket Potatoes, Hot and Cold Sandwiches and Drinks, plus other related foods, all for either eating in or taking away.


Premises:

The Café & Restaurant Area (around 730 sq. ft.) is bright and well fitted & equipped, with a tiled floor.

There is a comprehensive inventory of equipment, including: tables and seating for 35 diners, chilled cabinets, long serving counter, illuminated menu board, bain marie, grill, deep fryer, microwave ovens, fridge & freezer equipment, air extraction canopy, plus other ancillary equipment for the trade.

On the Upper Floor is a secondary Dining Area with tables and seating for a further 22 diners.

Plus Store Room; Office; Wash Room/w.c. and Shower Room.

There is a rear door to a yard with car parking spaces.

Accommodation:

There is no living accommodation.

Comments:

This is a very attractive business with a good local reputation, and is operated by a husband and wife team with the help ofjust one part-time assistant.

The Business has only been trading for a few months, but already takings and profits are at a healthy level.

Our Client Informs Us That:

Takings and Profitability:

Takings are around £1,700 per week. The usual High Gross Profits associated with the trade will apply (estimated to be 65% to 70%).

Trading Hours:

Monday to Saturday: 8.00am – 2.30pm.

Sunday: Closed

Tenure:

The Premises are held on a 10-year lease from 2016. Present Rent is £14,000 plus VAT per annum, with 5-yearly review dates.

Price:

£60,000 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

Copyright © EMF Group Ltd 2017 Company No: 987654321 - VAT: 111 1234 56