Property

Well Established Popular Cafe

West Midlands - Kingsbury, Tamworth

Full Description:

Unique Business Broker is pleased to be working with the owners of Kingsbury Village Cafe on the sale of the business.

This well-located cafe is set in the heart of Kingsbury and has been with the current owners for the last 7 years and with the previous owner for another 8 years prior and started its life as bakery.

Kingsbury Village Cafe is a very profitable business, and it is with regret that the owners have decided to sell to concentrate on their other business interests which have expanded quicker than anticipated.

The cafe is extremely well fitted out with all equipment included in the sale. We understand that a large amount of renovation work has been carried out to include some electrical work and the installation of new equipment recently.

There are normally around 20 covers inside and room for 3 tables outside with the weather permitting.

The cafe provides freshly produced hot and cold sandwiches, pies, pasties, cakes, crisps, curries, salads etc all of which are available to eat in or take out as well as a huge delivery round. The cafe does not use any of the delivery platforms at present but there is opportunity to develop that area.

We understand that the premises is on a 5-year lease and has 3 years remaining on council lease currently paying £285 P/M with no rates which is fantastic.

The opening hours are currently 8am - 2pm Monday - Friday and 8am - 1pm on Saturday.

This really is a fantastic example of a well-run, clean, and profitable cafe and is not to be missed.

Please direct all enquires to our offices and DO NOT CONTACT DIRECTLY.

 

Key Features:

  • Established Business
  • Accounts Available
  • Attractive Business
  • Prime Location
  • Open Plan Trading Area
  • Fully Fitted
  • Offers Invited

Tenure, Rent and Rates:

  • Tenure: Leasehold
  • Rent: £3,420 P/A
  • Rates: Small Business Relief

Key Financials:

  • Asking Price: £54,950
  • Annual Turnover: Circa £80,000
  • Annual Net Profit: £42,000
Reference: UNI866
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