Licensed Coffee House & Eatery Located in Redditch Town Centre For Sale
This respected Coffee house & Eatery is positioned directly outside the town hall in Redditch town centre. The business benefits from a high volume of footfall and passing trade due to it’s highly visible and prominent location. Just a few paces away you have The Kingfisher Shopping Centre which was opened in 1976 and now forms part of the town's primary retail centre boasting an abundance of Blue Chip and complementary independent retailers. The area of business is extremely well served by the public transport system with Redditch railway and bus station nearby. The area is also well served by A-roads, with the A441 being within easy driving distance, which links to all motorway networks.
Asking Price: £29,950 plus SAV
Turnover: £1500 per week
Original term: 3 years (Renewable Council Lease)
Remaining: 9 months (New longer lease available)
Rent: £5,500 per annum
Business Rates: zero
Veritas Business Sales are delighted to offer for sale this respected Coffee House & Eatery which is located in Redditch town centre. The business has been established for over 10 years and has been in the careful hands of our client for the past 2 ½ years and reluctantly being offered for sale due to my client relocating. Since ownership he has invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is operated by 2 full time members of staff with the owner popping in occasionally. Ollies Eatery has an average weekly turnover of £1,500 and serves a fine range of breakfast cereal bowls, breakfast sandwiches, various items on toast, cold sandwiches, toasted sandwiches, hot sandwiches, light bites, pancakes, waffles, ice cream, specialist teas & coffees and cold drinks. All fayre is freshly prepared to order on the premises using only the finest produce which can be enjoyed inside the attractive and welcoming premises or taken away. We believe that there is further potential to increase trade by expanding upon the current opening times and having an owner operator at the helm. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting shoppers. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Monday – Saturday – 8.30am – 3.00pm
Sunday – closed
Café comprising: breakfast bar style seating and table & chairs for (13), wall mounted menu boards, cold drinks fridge, serve over sales counter with epos system cash register, cake display containers, 6 pot bain-marie salad fridge, 4 small upright fridges (Hotpoint), griddle, grill, domestic microwave, 2 ring induction hob (Caterlite), 4 ring electric cooker with double oven (Zanussi), extraction hood, ice making machine, panini press (Sirman), stainless steel work surface, stainless steel sink drainer, hand wash basin, espresso coffee machine (Conti CC100) coffee grinder (Quamar), 2 chest freezers and storage shelves.
Small store room with boiler
Staff W/C with hand wash basin
Tables & chairs to cover (20)