This outstanding Coffee shop & Dessert parlour enjoys a prominent main road (A435) location in the thriving area of Kings Heath which is approximately 4 miles from Birmingham City Centre and just 1 mile from Moseley Village and Bournville. The area enjoys high levels of footfall and is surrounded by other independent complementary retailers along with an abundance of blue chip retailers and is well served by public transport and is on one of the busiest bus routes in the UK.
Asking Price: £99,950
Turnover: £3,500 per week
Original term: 10 years
Remaining: 9 years
Reviewed: 5 yearly
Rent: £30,000 + VAT pa
Rising to £35K + VAT pa in 2018
(There is a £9K rent deposit that will be
returned to the tenant on 28th December 2018)
Rates: £19,000 pa
reduced next year to £15,000 pa
Veritas Business Sales are delighted to offer for sale this respected Barista Coffee Shop & Dessert Parlour concern which is located in Kings Heath. The business was established in April 2016 by its current owner and is reluctantly being offered for sale so that he can concentrate on his other businesses. Since ownership he has completely refitted and renovated the premises from what used to be an old post office and invested in new equipment along with fixtures & fittings to the value of £100,000 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 mainly operated under management where he employs the help of 3 full time and 2 part time members of staff and has an average weekly turnover of £3,500 with a GP of 75%. The business serves a fine selection of specialist coffee & teas along with milkshakes, smoothies, cold drinks, waffles, crepes, ice cream, cookie dough, cakes, toasties, panini's, burgers, salads, chips, breakfasts and a kids menu all of which can be eaten in or taken away. We believe that there is further potential to increase trade by having a more hands on owner operator which would also allow for a reduction in staffing costs. Although the business is in it's infancy it enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a LTD company with it's own trade mark that is a thriving and expanding 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 – Thursday – 9.00am – 6.00pm
Friday & Saturday – 9.00am – 10.00pm
Sunday – Midday – 10.00pm
Coffee shop comprising: tables, chairs and sofas to seat (42), gated kids ball pit play area, custom made feature wall, suspended ceiling with fire rated and easy clean tiles, serve over sales counter with cash register and epos system, chilled cake display fridge, perspex open cake display cabinet, under counter fridge, under counter freezer, waffle machine, crepe machine, espresso coffee machine (Fracino), coffee grinder x 2, sauce bottle warmer, blender, 3 x LCD TV menu display monitors, scattered chrome sockets with USB ports for customers and a condiments bar.
Kitchen comprising: fitted units with quartz work tops, sink drainer, wash basin, fridge, freezer, convection oven, microwave, deep fat fryer, double panini grill, toaster, ice maker, commercial dishwasher and extraction unit.
Baby feeding room with tub chair and table.
Disabled W/C and wash basin surfaces.
W/C with wash basin and baby changer
Office with CCTV monitor
Storeroom for bottle and cleaning products storage
Dry storeroom with shelving and 3 x chest freezers
Gents W/C and wash basin
Ladies W/C and wash basin
Hallway with 2 x fridges
Kitchen with fitted units, sink drainer, table & chairs, 2 x storage racking systems, 2 x chest freezers and an upright fridge.
Old ventilation room
Rear bin area
Rear staff parking for (2)
The property benefits from CCTV, smoke detectors intruder alarm and air conditioning.