Mailbox Estates proudly presents an exceptional opportunity to acquire a sophisticated café & bar, offering a unique dining experience in a stylish, contemporary setting.
Under the ownership and management of our clients since 2016, this establishment underwent a tasteful and thoughtful refurbishment, transforming from a former HSBC Bank into its current upscale ambiance.
REASON FOR SALE:
*This business, now available for the first time in over 8 years, is being offered for sale due to retirement. This presents an ideal opportunity for an independent owner-operator to build upon its excellent reputation or explore potential alternative uses, such as transforming it into an Indian Mixed Grill.
THE OPPORTUNITY:
*Prime High Street location with significant passing trade
*Situated in affluent areas including Four Oaks, Mere Green, Sutton Coldfield, Walmley, and Wylde Green
*Spacious site including a beer garden
*Well-equipped commercial kitchen
*Free of Tie
LOCATION:
*Nestled in the highly desirable area of Sutton Coldfield, the property enjoys convenient proximity to major roads such as the A452 and A4041. It resides on a bustling and sought-after parade, alongside neighbouring commercial establishments like Harvester & Wetherspoons
TURNOVER:
*Weekly sales average between £11,000 - £12,000, with wet sales contributing around 70%
INTERNAL:
*Entrance porch leading to an open-plan lounge, snug, and dining restaurant (seating 80 covers), served by a generously sized marble-topped bar servery
*Features fixed perimeter and booth seating, free-standing tables & chairs, and a blend of quality wooden flooring and carpeting throughout
*Contemporary dining restaurant area with the majority of wooden panelled walls
*Well-equipped trade kitchen with food preparation area, fridge & freezer areas, dry goods store, and customer toilets
*Basement housing beer cellar, beer drop, and four additional storage areas
FIXTURES AND FITTINGS:
*All fixtures and fittings are to be included within the sale however, any items that are personal to our clients will be exempt
EXTERNAL DETAILS:
*The property boasts an excellent outdoor 'all-weather' seating area and beer garden with A-line tables. Additionally, outdoor seating with 4 tables and 12 chairs adorns the front of the property
TENURE:
*Offered via assignment of the existing lease with 2 years remaining, renewable at the end of the term. An option to purchase the Freehold may be available
RENT:
*Annual rent of £35,000 plus VAT. Negotiable terms may be available for a new lease option
OWNERS ACCOMMODATION:
*A private flat above the bar/restaurant comprises two bedrooms, a lounge, kitchen, and bathroom. Access is internal only
STAFF:
*Operated by the current owner with a team of 2 full-time and 8 part-time staff members
TRADING HOURS:
*Monday: 8:00am - 3:00pm
*Tuesday: 8:00am - 3:00pm + 5:00pm - 10:30pm
*Wednesday: 8:00am - 3:00pm + 5:00pm - 10:30pm
*Thursday: 8:00am - 10:30pm
*Friday: 8:00am - 11:30pm
*Saturday: 8:00am - 11:30pm
*Sunday: 9:00am - 10:30pm
*(Note: The Beer Garden is licensed until 9:00pm daily with a full bar setup and two draft beers on tap.)
TRADING INFORMATION:
*Trading details will be accessible to sincerely interested parties who have completed a Non-Disclosure Agreement and conducted a viewing of the premises
BUSINESS RATES
*Buyers are encouraged to contact the appropriate local authorities to verify the applicable rates
STOCK IN TRADE:
*Inventory and glassware will undergo valuation upon completion
REGULATORY:
*We are informed that the property holds the benefit of a Premises licence
*A3 Licence
DEPOSITS:
*Successful applicants will be required to pay a non-refundable deposit
Additional information:
*The business also gains an advantage from its dedicated website and active Facebook page, featuring regular updates
LEGAL FEES:
*Each party to be responsible for their own legal costs in connection with the sale.
*Landlord's legal fees are the buyers and sellers responsibility and are to be shared equally
