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Restaurant/cafe for sale

£35,000

2 Caldmore Road, Walsall WS1

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Property description

Business
There has been a food based business on this position for at least twenty years and the current owner has run it successfully for the last 12 months. This is a reluctant sale made necessary only by the owners wish to concentrate on her other catering businesses.

The business sells freshly made food using locally sourced ingredients wherever possible; including breakfasts, hot and cold sandwiches, jacket potatoes with a choice of hot and cold fillings, toasties, boxed breakfasts, burgers and daily specials.

The business has good visibility on the internet and has a 4 star hygiene rating and lots of regular customers.

Scope to improve

Advertising and marketing campaign

Maximise the use of social media

Extend the opening hours, this business could be incredibly lucrative if it stayed open until late in the evenings to serve students, clubbers and people returning from the pub.

Introduce a loyalty card/ scheme

Improve the exterior signage perhaps with illumination (subject to normal planning permissions)

Develop outside catering particularly corporate i.E. Business buffets etc.

Demand in this area for a Dessert offering i.E. Cakes, ice creams, puddings, milkshakes etc.

Location
The business is perfectly situated in an attractive grade 2 listed, period building in a main road position with high levels of footfall and passing trade and with an inexpensive car park just to the rear of the premises. The business is surrounded by complimentary retail businesses and a large number of other food based businesses which makes this a destination venue for customers looking for freshly prepared and reasonably priced traditional food.

Over 90 bus routes operate in Walsall. Walsall railway station is on Station Street in the town and there are 4 trains per hour to Birmingham and one per hour to Rugeley.

Walsall is close to the M6 with three junctions (J7, J9 and J10). The town is also served by the A34 road which connects Manchester and the M42 motorway towards London and is connected regionally by the A454.
Premises
The business occupies part of the ground floor of an impressive period property and is presented in immaculate order following a recent renovation.

Cafe -

Newly decorated with suspended ceiling and concealed lighting, new vinyl flooring, brick effect feature wall and window to rear with Venetian blind. Serving hatch and doorway leads to the rear kitchen.

Equipment includes:

Menu boards

Double glass fronted drinks chiller

Glass topped ice cream freezer

Beech effect table

Faux leather seats currently providing 4 covers but room for more.

Glass fronted serve over counter

Run of worktop with space for till

Pork station

Chest freezer

Under counter fridge

Under counter freezer

Buffalo grill

Swan stainless steel urn

Hand wash basin

Kitchen –

Equipment includes:

3 x under counter fridges

Stainless steel sink and drainer

Free standing Beko cooker with 4 electric rings and oven beneath

Panasonic microwave

3 pot Bain Marie

Buffalo griddle

Twin basket fryer

Perimeter shelving

Stainless steel splash backs

Staff WC -

With hand wash basin.
Tenure
We are advised this is a leasehold sale.

The current lease being a rolling lease although we are advised that the landlord would be happy to negotiate a suitable lease for the new purchaser.

The rent is a very reasonable £3,900 per annum

There are currently no business rates payable.
Hours
Monday to Friday: 7.30am – 2pm

Saturday: 8am - 12pm

Sunday: Closed
staff
The business is run with the help of 4 full time staff but would ideally be owner managed.
Financial profile
The business reports a turnover of roughly £130,000 per annum.

This is increasing month on month and JustEat has just been introduced which has already had a noticeable effect on the takings and should continue as word spreads.
Extra notes
Reasons to buy

Well known business with an enviable reputation and many regular customers.

Owner happy to offer a handover to ensure the continued success of the business.

Priced to sell needs to be viewed to ensure that an interested and ambitious potential owner doesn’t miss out.

Real opportunity to increase turnover and profits significantly particularly if the opening hours are extended.

Ideal owner managed or husband and wife business.

Minimal running costs with low rent, no business rates and low utility bills.

Ideal trading position on a busy main road in a densely populated area.

What Zoopla users think of Walsall

Overall rating:

  • currently 3.5 stars
Good - 69% (183 ratings)

Ratings breakdown:

  • currently stars
Community & safety
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  • currently stars
Parks & recreation
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Schools & public services
  • currently stars
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Nearby transport

  • Walsall (0.2 miles)
  • Bescot Stadium (1.4 miles)
  • Tame Bridge Parkway (2.0 miles)
  • Birmingham International Airport (13.3 miles)
  • Coventry Airport (25.8 miles)
  • East Midlands Airport (32.4 miles)
  • Sharpness Old Docks (62.9 miles)
  • Lydney Harbour (64.3 miles)
  • Woodside Birkenhead Ferry Terminal (70.6 miles)

Nearby schools

View all schools in Walsall
  • Blue Coat Church of England Aided Infant School (0.4 miles)
  • Caldmore Primary Academy (0.4 miles)
  • Blue Coat Church of England Aided Junior School (0.4 miles)
  • Walsall College (0.5 miles)
  • Bow Street School (3.9 miles)
  • Health Futures UTC (4.2 miles)
  • Blue Coat Church of England Academy (0.3 miles)
  • Abu Bakr Girls School (0.6 miles)
  • Emmanuel School (0.6 miles)
Note: Distances are straight line measurements

Local info for Walsall

About the neighbours in WS1

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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