Cafe for saleThe Waterfront, Level Street, Brierley Hill, West Midlands, DY5
Under Offer 41 sq. m. | £49,950
- Business for sale
- 441 sq ft (41 sq m)
Hilton Smythe is delighted to welcome to the market this popular café and coffee shop business, ideally located in Brierley Hill, West Midlands.
The business was originally established in approximately 2010 and has been in our client's careful ownership since July 2015. Only now is the business being offered to the market due to our client's desire to other business commitments. The business operates 5 days per week and generates a turnover in the region of £110,000 per annum, with a good gross profit of 81% as of the 2015 accounts.
Our client offers a wide variety of fayre including breakfast sandwiches, burgers, hot and cold sandwiches with various fillings, jacket potatoes, salads and pasties, to name a few, as well as a selection of hot and cold beverages.
The business has benefited from considerable investment over the last three months, with a full refurbishment which includes new tables and chairs, new staff uniforms, all electrical equipment has been PAT tested, new fire safety equipment and all the refrigerators and freezers have been re-gassed.
The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is massive scope to increase the turnover by extending the opening hours during the weekdays and perhaps opening at weekends as the business is currently closed on Saturday and Sunday. A new owner could also develop the delivery side of the business by establishing delivery rounds, as we believe no-one is offering this facility within the area. The business would also benefit from a modest marketing campaign to promote the fayre and services offered.
This is an excellent opportunity for a new owner to take this thriving and busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
Waterfront Food & Espresso Bar occupies substantial ground floor lock-up premises, ideally located in Brierley Hill, West Midlands. The business is situated within a parade of other complimentary shops and businesses. The business benefits from free on street parking to the front of the premises and enjoys a vast amount of footfall and passing trade, especially at lunchtime as the business is in close proximity to the college. We are advised that approximately 1,500 residents will be moving into new homes close to the business and there are many offices and businesses close by.
Brierley Hill is a small town in the Dudley Metropolitan Borough and is situated approximately 2½ miles south of Dudley. Merry Hill Shopping Centre is approximately half a mile away from the business and is one of the largest shopping centres in the UK. Brierley Hill boasts a wealth of shops, amenities and attractions, making the town a very popular place in which to live and work.
The area has excellent public transport links with numerous bus stops within easy walking distance of the business. The nearest railway station is less than one mile away. The area is well served by the A-road system with the A4036 being just half a mile from the business, which links to the vast A-road and motorway networks. Stourbridge is just 3½ miles away and Birmingham is 13 miles away.
Substantial ground floor premises, recently totally redecorated, briefly comprising:
Large windows creating a light and airy feel.
Feature arched ceiling.
Newly purchased tables and chairs for 15 covers.
Breakfast bar with 3 stools.
Glass fronted drink chiller unit.
Refrigerated serve over counter with four compartments.
Generous run of worktops.
Baked potato oven.
Dualit soup maker.
4 x pot Bain-Marie.
Nera coffee machine.
Glass fronted pie warmer.
Upright stainless steel freezer.
Upright stainless steel refrigerator.
Blueseal turbo oven with storage racks.
Hand wash basin.
Double stainless steel sink unit.
2 x ring electric hob.
Griddle with full extraction system above.
Stainless steel preparation tables with bread storage beneath.
2 x microwave ovens.
Dry goods store room with perimeter shelving.
A sign written Citroen Berlingo diesel van is included in the sale with 12 month mot, very good condition.
We are advised Leasehold:
Original lease length: 5 years
Remaining lease length: 4½ years
Rent: £10,400 per annum
The business is open:
Monday - Friday: 7.00am - 3.00pm
Saturday - Sunday: Closed
The business is owner run and managed with 3 part time staff members.
The business generates a turnover in the region of £110,000 per annum, with a good gross profit of 80% as of the 2015 accounts.
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