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Restaurant/cafe for sale

£24,500

42 Cartwright Street, Wolverhampton WV2

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Property description

Business
There has been a cafe at this site for over twenty years and the business is well known to the locals and regulars alike. The current owner has run the business for approximately six months and has spent time and money replacing old equipment and upgrading; however, due to a wish to relocate and live by the sea the business has been reluctantly placed on the market.

The business prides itself on the quality of the ingredients used and sells breakfasts, breakfast sandwiches, breakfasts in a tray, lunches, daily specials, hot and cold sandwiches, rolls, wraps, baguettes and salad boxes, jacket potatoes and burgers as well as hot and cold drinks.

The business offers free delivery on orders over £15 from Wednesday to Saturday.

The business has a 5 star hygiene rating and a Facebook page with 85 likes and has many regular customers.

Scope to improve

Extend the opening hours, perhaps opening as a bistro in the evening.

Maximise the use of social media.

Develop the existing outside catering side of the business.

Introduce a loyalty card/scheme.

Offer roast dinners on a Sunday.

Location
Wolverhampton is a city and metropolitan borough in the West Midlands with a population of approximately 250,000.

Wolverhampton is near to several motorways with four being located within 7 miles of the city centre and being the M5, M6, M54 and M6 Toll. Wolverhampton Train Station is today one of the major stations on the West Coast Main line and has regular rail services to London Euston, Birmingham New Street and Manchester Piccadilly as well as most other major cities in the U.K.

Uppercrust is situated on the outskirts of the city centre in a particularly vibrant and busy area. It is surrounded by a mix of commercial and residential properties in a main road position and as such benefits from high levels of footfall and passing trade and has many regular customers. The business occupies a prominent corner position and is well signed and nicely presented. There is free on street parking immediately outside and around the corner.
Premises
The business is situated in a prominent corner position and is surrounded by offices, shops, industrial units and residential properties. The business is secured by electric steel shutters.

The business is nicely presented with tiled walls and floor, windows to two sides creating a light and airy interior, high ceilings with fluorescent lighting, perimeter shelving, tables and chairs currently providing 12 covers; with room for more.

To the rear is a well-equipped and nicely presented open plan kitchen with a door to back of the property.

Equipment included in the sale: -

Stainless steel preparation tables

Full extraction system with stainless steel canopy

Griddle

Twin basket fryer

Pork station

Freestanding Flavel cooker with halogen hob and oven beneath

ToastMax toaster

Two Morphy Richards microwave ovens

Panini press

Upright Beko fridge

Frigidaire upright freezer

Large chest freezer

Vitale coffee machine (leased at £50 per month)

Glass serve over counter

Generous run of worktop and space for till
tenure
We are advised Leasehold with approximately 3 ½ years remaining on the current lease.

The rent is a very reasonable £6,240 per annum and there are no business rates currently payable.

We are advised that the landlord would be happy to negotiate a mutually acceptable lease for a new owner.
Hours
Monday to Friday: 7.30am – 2pm

Saturday: 7.30am - 12pm
staff
The business is owner managed with the help of one full time and two-part time members of staff.
Financial profile
The business has a turnover of approximately £68,000 as of 2016 accounts.
Extra notes
Reasons to Buy

A well-established business with an enviable reputation and many existing customers.

Minimal running costs with low rent and no business rates.

Perfect trading position with free parking immediately outside.

A real opportunity to increase turnover significantly, current owner running at a pace to suit.

Ideal owner managed business.

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

What Zoopla users think of Wolverhampton

Overall rating:

  • currently 4 stars
Very good - 78% (342 ratings)

Ratings breakdown:

  • currently stars
Community & safety
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Entertainment & nightlife
  • currently stars
Parks & recreation
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Restaurants & shopping
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  • currently stars
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Community & safety
  • currently stars
  • 1
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  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
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  • 4
  • 5

Nearby transport

  • Wolverhampton (0.8 miles)
  • Coseley (2.7 miles)
  • Tipton (4.0 miles)
  • Birmingham International Airport (17.9 miles)
  • Coventry Airport (30.7 miles)
  • East Midlands Airport (37.7 miles)
  • Sharpness Old Docks (60.8 miles)
  • Lydney Harbour (62.1 miles)
  • Woodside Birkenhead Ferry Terminal (67.6 miles)

Nearby schools

View all schools in Wolverhampton
  • Ss Mary and John's Catholic Primary Academy (0.1 miles)
  • Grove Primary Academy (0.2 miles)
  • Graiseley Primary School (0.4 miles)
  • Wolverhampton Vocational Training Centre (0.5 miles)
  • West Midlands Construction UTC (1.1 miles)
  • City of Wolverhampton College (1.6 miles)
  • The Royal School, Wolverhampton (0.7 miles)
  • The British Sikh School (1.0 mile)
  • Colton Hills Community School (1.2 miles)
Note: Distances are straight line measurements

Local info for Wolverhampton

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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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