Leasehold Cafe, Park Lane, Birmingham, B35 6LJ

Leasehold Café Located In Castle Vale
Trades Only Monday - Friday
Ref 2900

Location
This established Cafe is located in Castle Vale, Birmingham. Situated within a light industrial unit on Caslle Vale Enterprise Park, along with 40 other units. Located just (1km) from J5 of the M6, (2km) from J8 of the M42 and (3.5 miles) from Birmingham City Centre, the estate is well within the heart of the Midlands Motorway Network and Golden Triangle providing quick and easy travel to and from the estate. Castle Vale sits approximately (3 miles) from Chester Train Station and only 4 miles from Birmingham City Centre. Access to the property is either from the A38 dual carriageway from the west, or the A4097 to the east via Park Lane

Leasehold Asking Price: £34,950 plus SAV (£500)

Business Description
Veritas Business Sales are privileged to offer to the market respected Café which is located in Castle Vale. The business has been established since 2007 and has been in the careful hands of our client for the past 11 ½ years. They are now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have kept the premises in good order and there has been continual investment 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. Spitfire Café is owner operated with the help of 1 part time member and for year ending 30th April 2022 posted an annual turnover of £76,441 with a GP of £51,633 (67.5%) producing a net profit of circa £35,000. All trade is walk in and the menu offers cooked English breakfasts, vegetarian breakfasts, freshly cut hot & cold sandwiches, baguettes, jacket potatoes, burgers, which can be served with teas, coffees and cold drinks.
We believe that there is potential to increase trade by extending the current opening times and opening on Saturdays and by joining the online delivery portals such as Just Eat and Deliveroo. The business has built 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 Café which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday - Friday - 8:00pm - 2:00pm
Saturday & Sunday - closed

Leasehold
Term: 3 years
Remaining: 18 months
Rent: £2,886.96 pa
Service charge: £1,926.24 pa
Rates: zero

Ground Floor
Takeaway comprising: tables and chairs to cover (8) with additional breakfast bar seating for (4), upright freezer (Beko), serve over sales counter with counter top drinks fridge (Tefcold), saladette, cash register, base units, 2 x electric ovens (Cookworks), hot water urn (Lincat), stainless steel sink drainer with wash basin, base units, stainless steel worktop, 2 x microwaves (Sharp), 2 x 4 slice toasters, 4 pot wet bain-marie (Buffalo), single griddle (Lincat), double griddle (Lincat), stainless steel wash basin, extraction canopy, single deep fat fryer (Caterlite), undercounter fridge, undercounter freezer, halogen oven, upright fridge freezer (Hotpoint), upright fridge (Hotpoint) and insect zapper.
The café comes with a variety of plates, crockery, cups, mugs, saucers and cutlery and benefits from internal roller shutters.

External
Frontage with front seating for (10).

EPC Rating C