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Licensed Coffee Bar And Eatery City Centre Birmingham For Sale

Birmingham, West Midlands
Asking Price:
£120,000
Turnover:
£196,000
Net Profit:
Available on request

Licensed Café/Coffee Bar & Eatery City Centre, Birmingham
This young and vibrant café bar was established almost 3 years ago by the curent vendors and in that time it has established itself as a destinatiuon of choice for workers within the vibrant business district of the UK’s second city.

The business is a café Bar that opens at 7am through to 4pm Monday to Friday. Throughout the day they cater for the business & finance sector of Birmingham.

The café has the benefit of 60 covers internally and a further 8 covers externally and is fully equipped with recently purchased, new furniture, fixtures and fittings and equipment. Currently it is run by the owners with some additional part time support.

The business offers cooked breakfasts, hot lunches and snacks. In addition a full deli style food service is provided for both eat in and take away.. Hot beverages are also a stable of the business and it has a reputation for serving high quality coffees, a must in today’s world.

As well as offering a fantastic sit down service the business can also offer Outside Catering, Venue Hire, as well as generating revenue from the carefully selected contemporary Art Gallery that hangs on the interior walls!

Being located in a period building with excellent frontage on one of Birminghams prominent city centre locations, the business benefits from a constant level of trade throughout the day, lunchtime being their busiest period.

The wish to concentrate on other activities creates a rare opportunity for a new owner to take this growing but solid business on to the next level. There are considerable opportunities for expanding the business locally with an excellent level of turnover having already been achieved. As this is still early in the growth of the business there is still huge potential for the future.

Customer service:

A key component has been customer service that is focused to a great extent on the quality of the drinks and food as well as of the premises, the place where the reputation of the business can be made or lost. Understanding this has meant that the business has prioritised this area such that it represents as much a great atmosphere as it does for the quality of food and drinks offered.
The business meets all the required food hygiene regulations and all fixtures and fittings are new, modern and in excellent state of repair

Key strengths:

• As they say “Location, Location, Location” is definitely so in this particular case. This is a superb location for this business and what they offer.
• Loyal customer base who return daily/weekly
• Fully equipped and recently refurbished-excellent infrastructure (circa £40,000)
• Huge growth pattern
• Excellent profitability
• Reputation

Key opportunities:

Since starting the café the current owner has concentrated his activities in developing the day to day business. Looking forward there are numerous extra services that will generate significant additional sales which could include:

• Starting a sandwich round to local offices
• Developing the outside catering service further to local offices for company events
• Extend opening hours to offer:
• Supper meals up to 9pm
• Sunday opening especially during the summer months
• Advertise locally, perhaps with leaflet drop etc.

The current owner believes that the above activities have the potential to increase turnover by a minimum of 100%.

Equipment:

The café bar was recently refurbished at considerable expense. All internal fixtures and fitting includes with the sale price. This includes furniture, fully equipped kitchens, security systems (CCTV, alarm) etc. Value circa £40,000.

Financial information:

The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover for last financial year was circa £196,000 p.a. Gross Profits circa £156,000.

The business is enjoying good growth year on year and sales for the current year are expected to be well in excess of £200,000 p.a.

Current asking price includes Net Tangible Assets circa £40,000.

This is a significant opportunity for the right owner!

Property information

Property:

Leasehold

Lease Terms:

Current lease has circa 6 years remaining. Current rent is circa £20,000 p.a. Rates circa £18,000 p.a.

Premises Details:

The business operates from ideal leasehold premises. It is situated on the ground floor of an iconic historical period building in the centre of Birmingham’s business district and has excellent signage/frontage. Location is a real strength of this business.

Business Operation

Expansion Potential:

Having been in operation for a relatively short period of time there is no doubt the benefits of opening this business have yet to be fully realised in turnover and profitability. With increasing demand, combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy will have every advantage of building on an excellent platform.

Competition / Market:

Much of the business s revenue is a result of passing trade or word of mouth recommendation, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently little, if any, advertising the owner is aware that a more active sales and marketing campaign could certainly improve sales and profitability and will increase its market exposure and revenues.

The business does have an informative website and this could be further utilised should a new owner so wish to take online ordering etc.

Reasons for selling:

The vendors are looking to pursue an overseas opportunity that has arisen hence the sale.

Employees:
The owners, a husband and wife team run the business. They also employ one part time member of staff. This is a lifestyle business operation for them.
Years established:
03

Other Information

Support & training:

The owner will provide full business familiarisation, training and handover to ensure a smooth transition of the business to new owners.

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