Leasehold Independent Coffee Shop Located In Hollywood

Leasehold Independent Coffee Shop Located In Hollywood
Ratings # Trip Advisor 5.0 / Facebook 5.0 / Google 4.9
A3 Consent
Ref 2659

Location
This respected Coffee Shop is located in Drakes Cross within the village of Hollywood in south Birmingham. Situated within a prominent and highly visible trading position on Drakes Cross Parade which benefits from other retail shops to include One Stop convenience & post office, Chinese takeaway, hairdressers, fish & chip takeaway, florists, Spar convenience store and Subway sandwich shop. All of which bring high levels of footfall to the area. The parade is easily accessed by the Alcester Road and offers ample free parking to the front and to the rear of the shop. The immediate area is densely populated with residential houses and within close proximity you have a number of businesses.

Asking Price £62,500 plus SAV (£500)

Business Description
Veritas Business sales are privileged to offer to the market this delightful Independent Coffee Shop which is located in Hollywood. The premises were transformed into what you see today by our client back in April 2018 and they are now offering the business for sale so that they can work towards semi-retirement.
Since ownership they have completely refurbished, redecorated and invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Bean 47 is owner operated and employs the help of 5 part time members of staff and 2 Saturday helper. For year ending 31st October 2021 they posted an annual turnover of £102,898. They serve artisan coffee, loose leaf teas, hot chocolates, milkshakes, sandwiches, panini’s, soups, breakfast baps, jacket potatoes, waffles, homemade cakes, crisps, confectionery and soft drinks. All food is freshly prepared to order on site, using only the finest locally sourced produce.
We believe that there is further potential to increase revenue should you wish, by extending the current opening times and days, by opening evenings as a bistro, converting the first floor storeroom into additional seating and by adding an alcohol license. They have a built a strong reputation within the local community and beyond and enjoy a high level of regular and repeat trade. This is a superb opportunity to purchase a turnkey business where all the hard work has been done and is a great base to build upon and as such early viewing is highly recommended. missed.

Opening Hours
Monday & Sunday – closed
Tuesday – Friday – 8:30am – 5:00pm
Saturday –9:30am – 2:00pm

Leasehold
Term : 5 years
Remaining: 11 months
Rent: £8,750 plus vat pa
Service charge: £1,031.76 plus vat pa
Business Rates: zero

Ground Floor
Coffee shop comprising: tables & chairs to cover ( 21), 2 baby chairs, wall mounted menu blackboards, serve over sales counter with covid screen and EPOS till system, counter top drinks display chiller, dual head espresso coffee machine (Fracino), coffee grinder (Fracino),stainless steel wash basin, hot water boiler (Lincat), undercounter storage shelves, 4 slice toaster, 2 x stainless steel undercounter fridge (Lec), stainless steel undercounter freezer (Lec) and cutlery cabinet.
The café benefits from air conditioning & hot air blower heating.
W/C with wash basin and baby change.
Washroom with ice machine, stainless steel wash basin, stainless steel sink, stainless steel worktop, wall mounted paper towel dispenser, wall mounted metal shelf and dishwasher (Halcyon). The walls have plastic cladding to them.
Hallway with stairs leading to the first floor and rear exit door.

First Floor
Dry stores with 2 metal storage racks, chest freezer (Vestfrost) and small chest freezer (Logic).

This space could be used for additional seating

Kitchen comprising: dual panini press (Buffalo), dual contact press (Lincat), waffle maker (Waring), 4 ring electric hob & oven, stainless steel wash basin, dual stainless steel sink drainer, wall mounted metal shelf, extraction canopy, 2 x stainless steel tables, upright stainless steel fridge (Foster), mixer (Kitchen Aid), 2 x blenders (Buffalo), mixer (Kenwood), 4 slice toaster, CCTV monitor (3 camera system) and a cupboard which houses the combination boiler.
Hallway with wash basin and wall mounted paper towel holder.
W/C.
The premises has the benefit of brand new electrics, plumbing and a security alarm.

External
Frontage with canopy and seating for (8). Rear service road and rear parking.