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Property Listing Details

Restaurant/cafe for sale

Lichfield Street, Wolverhampton WV1

£19,995

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Last 30 days: 53 page views

Since listed: 578 page views

Description

Business
There has been a café or sandwich shop in these premises for over twenty years and the current owner has run it successfully since 2014. The Gold and Black Café is now being sold albeit reluctantly due to poor health.

The Gold and Black Café sells breakfasts, hot and cold sandwiches, toasties and hot and cold drinks. It also offers ‘Match Day Specials’ when Wolverhampton Wanderers after whom the business is named are playing at home.

The business has many regular customers as well as passing trade. The business offers free deliveries locally.

Scope to Improve:
Extend the opening hours perhaps opening as a bistro in the evenings.
Advertising and marketing campaign.
Develop the outside catering side of the business especially corporate offering business buffets etc.
Install free wi-fi for customer use.
Maximise the use of social media.
Website to extol the business and provide online menus and ordering.
Consider JustEat or HungryHouse type of online offerings.
Introduce a loyalty card/ scheme.

Location
The Gold and Black Café is perfectly situated in the busy and vibrant Lichfield Street area of the city of Wolverhampton. Boasting a prominent main road position.

The business is well signed and nicely presented and maintained.

The business is opposite the Wolverhampton Art Gallery and benefits from high levels of footfall. There are a number of bus stops immediately opposite which attract waiting passengers into the business. The cafe is also well used by the bus drivers themselves.

There are a number of public car parks within easy walking distance and the large Sainsbury’s supermarket which is a ten minute walk offers three hours of free parking.

Premises
The Gold and Black Café occupies the ground floor of a period terraced building and is presented and maintained to a high standard.

Café
Windows and a glazed door to front creating a light, airy and inviting interior. The café has wood effect flooring, tongue and groove wood panelling to ceiling with spotlighting, tables and chairs providing 20 covers currently, but room for more if required.

Café equipment:
Breakfast bar with stools beneath
Glass fronted drinks chiller
Buffalo glass fronted pie warmer
Feature suspended menu boards
Bespoke counter with generous wrapping area fronting an open plan kitchen

Kitchen equipment:
Full extraction system with stainless steel canopy (installed at considerable cost by the current owner)
Two commercial griddles
6 pot Bain Marie
Two single basket fryers
Stainless steel urn
Two under counter fridges
Stainless steel hand wash basin with a Triton water heater.
Haier chest freezer
Kenwood microwave oven
Lincat grill
Stainless steel-clad walls
Hand wash basin with soap dispenser
Twin stainless sink and drainer
Perimeter shelving
Utensil storage

Store cupboard
Useful store cupboard ideal for cleaning materials or linen closet.
WC

With hand wash basin.

To the rear of the business and accessed by a door from the kitchen is a small secure yard/ bin store.

Tenure
We are advised this is a Leasehold sale.

The current lease expires in 2022 although we are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The rent is £13,500 which is very reasonable for a City Centre business such as this.

There are no business rates currently payable.

Hours
Monday to Saturday: 8am - 2.30pm
Sundays: Closed

Staff
The business is owner managed with the help of one part time member of staff and casuals as and when required.

Financial Profile
The business reports a turnover of approximately £39,000 per annum; however, we are advised the business has enjoyed higher turnover previously.

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Wolverhampton 0.3 miles
  • Coseley 3.3 miles
  • Broadmeadow Special School 0.5 miles
  • West Park Primary School 0.6 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Hilton Smythe Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information.