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Newly Established Café/Restaurant For Sale

Smethwick, West Midlands, UK
Asking Price:
£24,995
Turnover:
£72,000
Net Profit:
Available on request

Business
Please quote reference B06021

Hilton Smythe welcomes to the market an exciting opportunity to acquire, on a Leasehold basis, an exceptionally well run and performing, 21 cover, café/restaurant.

Mosobna Café/Restaurant has been under the careful ownership of our for the last 2 years growing the business to an impressive level with an excellent local reputation.

The business has been placed on the open market due to our client’s health reasons.

The business is run as a contemporary Café/ restaurant offering a range of delicious dishes. Some of the foods available are: Pasta dishes, stews, a selection of meat dishes, sandwiches, toasties and much more. The restaurant further benefits from having an alcohol licence in place and serves a selection of beers, wines & spirits for diners along with a pool room located at the back of the premises.

Our client would be willing to offer a handover period to the purchaser, this will help the transaction run smoothly. This restaurant is well established and would be a great opportunity for any purchaser with experience in the trade.

These premises are in good condition and are well maintained throughout. This is an outstanding turn-key business which offers a new owner the opportunity to take this to the next level.

We feel that there is scope to increase the turnover by the undertaking a robust marketing campaign, via press & social media along with the introduction of a takeaway service and updating the dedicated business website.

Hilton Smythe highly advise early enquiries to avoid disappointment.

Location
Mosobna café/Restaurant occupies a single fronted commercial premise in the busy Cape Hill (B66) area of Smethwick.

The business location benefits from nearby on street parking and being surrounded by a wealth of complementary businesses resulting in a good volume of footfall & passing trade. The area further benefits from excellent public transport links and amenities.

Smethwick is an industrial town in Sandwell, West Midlands. It is 4 miles west of Birmingham city centre and borders West Bromwich and Oldbury to the north and west, Smethwick is situated near the edge of Sandwell metropolitan borough and borders the Birmingham districts of Handsworth, Winson Green, Harborne, Edgbaston and Quinton to the south and east, as well as the Black Country towns of West Bromwich and Oldbury in the north and west.

Premises
The business is entered via street level, into a well-presented restaurant to create an inviting dining experience.

On the left-hand side of the entrance area is the service counter & small bar area with refrigerated cabinets. The restaurant is a generous size, currently set up for 21 covers with the seating area made up of tables and chairs.

There is also a separate room with a full size pool table.

To the rear of the premises is generously sized and comprehensively equipped catering kitchen & W/C facilities.

All fixtures & fittings are included in the sale.

Tenure
We are advised that the business is being sold on a leasehold basis, with 3 years remaining on the 6 year lease. The rent is £1,000 per month. We are advised that the business has £0 rates payable.

Hours
The business hours are;

Monday- 08:00 – 23:00
Tuesday- 08:00 – 23:00
Wednesday- 08:00 – 23:00
Thursday - 08:00 – 23:00
Friday- 08:00 – 23:00
Saturday- 08:00 – 23:00
Sunday- 08:00 – 23:00

Staff
We are advised that the business has 1 full time and 2 part time members of staff.

Financial Profile
We are advised that the business has generated a turnover in the region of £72,000. Full financials can be made available upon further request.

Please quote reference B06021

Property Information

Property:

Leasehold

Contact Hilton Smythe

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