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COMMERCIAL

Lower Parade,Sutton Coldfield,B72

£19,450
Meridian Business Sales Ltd, Bolton
PROPERTY TYPE

Shop

SIZE

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Description

POPULAR TOWN CENTRE FAST FOOD KIOSK - WEST MIDLANDS
Scope for longer opening hours as currently works shorter hours to suit
Situated in the bustling town of Sutton Coldfield
Well established and highly reputed
Advised annual turnover of £52,000
Genuine reason for sale
Ideal lifestyle opportunity
Walk in condition
LEASEHOLD


Location
This superb business is situated in the highly desirable area of Sutton Coldfield, West Midlands, just north of Birmingham city centre. The business has an ideal trading location situated in the town centre of Sutton Coldfield amongst well known neighbouring high street retailers and independent businesses. Near by roads provide access to many residential areas and is used by commuters travelling to and from the town. This supplies the business with a constant and notable amount of passing trade. Sutton Coldfield is one of the most desirable and sought after residential and business areas in Birmingham due to its stunning parks, brilliant shopping facilities, high quality housing and good schools. It is located about 8 miles from central Birmingham, in the northeast of the city and is very accessible via the M6 Motorway which is situated just 5 miles away. The M6 connects to other major motorways including the M42 and M5 making UK travelling very easy.

Business History
Meridian Business Sales are delighted to offer for sale this superb fast food kiosk which was established in 2013 and has been in the careful hands of our client since 2014. Since our client took ownership of the business, he has invested a large amount of time and money into the business and a premise allowing it to have gained a brilliant reputation with customers, also ensuring the kiosk is in full walk in condition. The business sells a delicious range of hot & cold food, along with a number of beverages and associated products. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. Our clients aim is to meet each and every customers need, making sure they are provided with the best cooked food made with fresh produce, however also delivering a friendly and professional service. The business generates a respectable annual turnover due to the services provided, which is £52,000 with a gross profit margin of 45%. This is an excellent opportunity to purchase this exceptional fast food kiosk, and as such early viewing is highly recommended as this business is not to be missed.

Financial Profile
Turnover: £52,000pa
Gross Profit: 45%
Stock Approximately: £1,000

Tenure
Leasehold
Original Length: 2 years
Remaining: 3 months
Review: Every 2 years
Rent: £11,500pa
Business rates: £800pm

Opening Hours
Monday: 8:00am - 11:30pm
Tuesday: 8:00am - 11:30pm
Wednesday: 8:00am - 11:30pm
Thursday: 8:00am - 11:30pm
Friday: 8:00am - 11:30pm
Saturday: 8:00am - 11:30pm
Sunday: 8:00am - 11:30pm

Accommodation
Imposing detached property with striking signing and modern décor, covered by a retractable blind canopy, briefly comprising:

GROUND FLOOR
Secure entrance with alarm system and CCTV leading to:

Stainless steel extraction system
Glass/stainless steel counter front
Cash register
Stainless steel sauce display
Stainless steel worktops
Valera induction wok
Cold shelf
Hand wash
5x fridges
Freezer
2x stainless steel sinks
Microwave
Rice cooker

EXTERNAL
Bistro tables and chairs for 20 covers
Decking/seating area at the rear

Lower Parade,Sutton Coldfield,B72

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Sutton Coldfield Station0.1 miles
  • Wylde Green Station1.2 miles
  • Four Oaks Station1.2 miles

About the agent

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

Meridian Business Sales Ltd, Bolton

Meridian Business Sales Limited was established by co-directors who have many years experience in the sale and transfer of businesses. Our company slogan "selling your business is our business" firmly represents the values we employ whilst handling any business sale.

We know it's personal for you, and so we tailor our service to your individual needs. We take each and every instruction to sell as a privilege and we endeavour to achieve everything you wish from your business sale. Why no

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Notes

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