Price reduction

£15,000 OIROref:357

11, Upper High Street, Wednesbury, WS10

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Description

Virdee Estates are proud to present for sale the Lease of Bar Baguette, A3 licenced cafe prominently situated on the Upper High Street, Wednesbury town centre. Ground floor lock up comprising of minimum seating area for 14, service counter with glass frontage and internal cooling. Also having a kitchen area to the rear with usual preparation and hygiene facilities. Rear door leading to wc and small enclosed yard.

KEY FEATURES

 

A5 LICENCE

PROMINENT POSITION

MINIMUM 14 SEATING AREA

SCOPE TO EXPAND BUSINESS

 

 

LOCATION

Bar Baguette boasts a prominent position on the main Upper High Street, major bus routes coupled with easy motorway access provides an excellent business opportunity for a high flow of passing trade and ease of delivery to nearby offices & businesses.

 

BUSINESS HISTORY

Bar Baguette has been under new management for 6 months and have successfully built up business to a reputable level. Offering hot & cold sandwiches, jacket potatoes, drinks and deserts, buffet lunches is just a taster of what this cafe offers. Due to unforseen circumstances the current occupiers are looking to dispose of the lease.

 

FINANCIAL DETAILS

 

TURNOVER

Virdee Estates have been advised that from the last 6 months of trading, a turnover of between £900 to £950 per week has been satisfactorily achieved.

 

BUSINESS RATES

Currently the business is paying no business rates uptil 2013, this is due to small business relief, we advise you make your own enquiries with the relevant authorities.

 

ELECTRIC

Approximately £230 per month

 

WATER

There is a meter installed at the premises, approx £80 per quarter.

 

TRADING HOURS

MON, TUE, THUR & FRI 7AM TO 2PM

WED 7AM TO 3PM

SAT 7AM TO 2PM

 

TENURE

Leasehold

Original length of lease: 10 years

Remaining: 9 years 6 months

Goodwill: £15,000

Rent: £9,924 per annum

 

TRADING AREA

25' DEPTH INTO BAY X 14'8" WIDTH

Main entrance from Upper High Street having aluminium frame and single glazed glass bay window and door, suspended ceiling with multiple flourscent light tubes installed, ceramic floor tiling, seating area, counter area with mostly glass display and built in cooler.

 

REAR KITCHEN

10'11" DEPTH X 18'10" WIDTH

Having suspended ceiling with single light point, ceramic floor tiling, usual preparation and wash facilities. Door to rear small yard area with wc.

 

VIEWINGS

Strictly by appointment.

 

Interested parties will be required to pay 3 months rent in advance, 3 months deposit to be held by the landlord(s), pay the legal costs for the landlord for the preparation of the lease and an agency fee of £350 plus vat. A satisfactory credit check and references will be required.

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Features