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Leasehold Café & Restaurant Located In Sparkhill For Sale

Sparkhill, West Midlands, UK
Asking Price:
£110,000 Furniture / Fixtures included
Turnover:
£286,000
Net Profit:
Available on request

Café & Restaurant located in Sparkhill. Function room to the rear with 90 covers. Scope to change to any cuisine. New lease to be granted.

Veritas Business Sales are delighted to offer for sale this Café & Restaurant which is located in Sparkhill. The business has been established for 13 years and has been in the careful hands of our client for the past 18 months. The business is now being offered for sale so that they can concentrate on other interests.
The equipment along with the 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. Cravings Café is overseen by the owner but operated daily with a team of 6 part time members of staff and has an average weekly turnover of between £5,000 and £6,000. Approximately 50% of the turnover is eaten in the premises and the remaining 50% is delivered out using Just eat, Uber Eats, Deliveroo and their own website. They serve a fine range of cooked breakfasts, breakfast sandwiches, freshly cut cold sandwiches, toasties, paninis, baguettes, wraps, pastas, jacket potatoes, burgers, stone baked pizzas, desserts, cakes, ice creams, smoothies, juices, specialist coffees, teas and cold drinks. All fayre is freshly prepared to order on the premises using only the finest produce. Turnover with the right management team in place have previously been achieving £7,500-8,500 per week.
We believe that there is further potential to increase trade by having a more hands on owner operator, utilising the restaurant & function room as well as expanding upon the current opening times. Currently the deliveries are only operating until 2pm so they could be extended until much later in the evening. 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. 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 is one not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

New renewable lease available
Term negotiable
Rent: £32,000 pa
Reviewed: 3 yearly
Rates£ 1,700 pa

Location:

This respected Café & Restaurant is located in Sparkhill, Birmingham. Situated within a prominent and highly visible trading position on the (A34) Stratford Road which benefits from high levels of footfall and passing traffic due to its abundance of restaurants & retail shops. The famous Balti Triangle is nearby and Birmingham city centre is (3 miles).

Premises Details:

Ground Floor
Café comprising: tables & chairs to cover (30), disabled ramp, serve over sales counter, serve over counter top food display cabinet, 22 scoop ice cream freezer, large counter top food display cabinet, upright slimline ice cream freezer, undercounter fridge (Beko), waffle machine (Waring), blender (Vitamix), stainless steel wash basin, worktop with base units, soft scoop ice cream machine (Carpigiani), espresso coffee machine (3 head Fracino), coffee grinder (Espresso Italiano), EPOS till system, stainless steel wash basin, 2 wall mounted menu blackboards, two 3 door undercounter fridge with stainless steel worktop (Appolo), large dual panini press (Roller Grill), pizza oven, crepe machine, griddle, 4 ring range (Lincat), dual deep fat fryer, large stainless steel sink, chest freezer, stainless steel table, commercial microwave (Samsung), 5 pot wet bain-marie and extraction canopy.
Side exit with roller shutter openings.
Function room & restaurant with seating for circa (90), condiments cupboard and bar area.
Gents W/C with wash basin.
Disabled & ladies W/C with wash basin.
Hallway with hand dryer which services both toilets.
Office with desk, CCTV monitor (18 cameras) and safe.
Preparation kitchen comprising: two stainless steel tables, microwave (Samsung), 6 burner range, convection oven (Blue Seal), stainless steel sink with directional hose, commercial can opener, worktops, storage shelving, 2 door undercounter fridge with stainless steel worktop, walk-in cold room, walk-in freezer, hot cupboard (Halo Heat) and dough mixer.

External
Shared side entry and rear yard area. Off road parking to frontage for (1).

Business Operation

Trading hours:

Monday – Sunday – 6:00am – 8:00pm

Other Information

Inventory / Stock value:
£2,500

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