Sold £99,500 - General Retail
This is a fantastic opportunity for a start-up or an existing retailer. This store is located adjacent Birmingham’s Landmark Grand Central development and Midland Metro. Grand Central boasts to be the busiest train station in the UK outside London. The location could not be more prominent or sort after. Within a short distance John Lewis Department Store and the newly revitalised Mail Box shopping scheme are found.
With Grand Central and Midland Metro Link passenger hubs in operation the consumer footfall will only increase and the immediate area will become a hub of activity for shoppers and business people. This established concern which enjoys all the considerable commercial advantages of a fantastic trading position among other exclusive outlets in this vibrant and busy area of Grand Central and Midland Metro area.
Operating from well fitted and presented premises, the business currently primarily offers a full and varied in-house takeaway menu of classic hot and cold food , snacks, sandwiches, lunches, side orders, pastries and beverages prepared freshly to order in its fully equipped catering facilities and served in the pleasant surroundings of an attractively furnished dining areas which may comfortably accommodate up to 60 covers.
There is scope for continued growth, not least with regard to a degree of menu and product expansion, the possible provision of local delivery and outside catering services The business would also benefit greatly by adopting a far more vigorous marketing policy of its excellent existing facilities and services, particularly with reference to the introduction of on-line advertising and ordering in order to improve upon the already high levels of turnover and profitability it has achieved since being established in its present form some eight successful years ago by the current owner and we would strongly recommend the earliest possible viewing to avoid disappointment. Latest news – Alcohol Licence has now been granted which will allow for longer opening hours , hence greater revenue ! , Food Hygiene Rating 5 Stars Financial Information
Current turnover in the region of £5000 per week + with huge scope to increase – Breakdown on turnover 65% dry to35% wet with an average 75% GP Lease The premises are being offered with the benefit of a secure year lease with expiration late 2022..Alternatively a new lease may be negotiated. Rent The current rent stands at approximately £59000 per year. Business Rates We are advised that the Business Rates are £1200 per month The rateable value has been reduced to £23 k pa Trading Hours Monday to Friday – 7am to 7pm; Saturday 8.30-6pm Sunday – 9-5pm Staff – 6 full time and 2 part time staff
Property Description (1200 sq feet )split over ground floor and lower ground floor. Fitted and presented to high trade specifications throughout, these well maintained leasehold premises provide excellent and highly functional internal business accommodation which to the ground floor consists of an inviting glazed single fronted public entrance directly off the main street into a bright and welcoming in-house and takeaway customer service and waiting area which houses a full range of modern high quality fixed and freestanding display furniture and shelving with preparation kitchen area with extraction system housing ample work surfaces, storage units, fitted sink unit and a full range of modern appliances. The main customer service area in turn affords to an attractively furnished and appointed in-house dining area which may comfortably accommodate up to 25 covers, with further ancillary accommodation in the lower seating area consisting of all the usual washroom/WC ,Freezers ,Double Drainer and further stock storage utilisation (32 sq m approx. ) To the exterior, the premises are well signed and presented and afford ample and inviting display window space on to a high footfall metropolitan retail thoroughfare Fixtures & Fittings The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price circa £30000 (list available on viewing ) Financial (Accounts ) will only be discussed at an appropriate meeting
A full profile is available once a non disclosure agreement has been signed. All enquiries to Kevin Stokes at email@example.com City Business Brokers,111 Hagley Road, Edgbaston, Birmingham,B16 8LB Telephone-0121 452 5133 07775903332 All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information. Viewing Arrangements All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business. For an appointment to view, please ring Kevin Stokes