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Restaurant/cafe for sale

£22,500

46 Lichfield Street, Wolverhampton WV1

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Property description

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

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

Cafe

Windows and a glazed door to front creating a light, airy and inviting interior. The cafe 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.

Cafe 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.
Extra notes
Reasons to Buy

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

Perfect trading position in a busy part of Wolverhampton.

Low running costs with attractive rent and no business rates.

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

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

Ideal owner managed or husband and wife business.

Priced keenly to facilitate a quick sale.

Everything included in the sale making this a real Turnkey business.

What Zoopla users think of Wolverhampton

Overall rating:

  • currently 4 stars
Very good - 78% (350 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Wolverhampton (0.3 miles)
  • Coseley (3.3 miles)
  • Bilbrook (3.6 miles)
  • Birmingham International Airport (18.4 miles)
  • Coventry Airport (31.1 miles)
  • East Midlands Airport (37.5 miles)
  • Sharpness Old Docks (61.4 miles)
  • Lydney Harbour (62.7 miles)
  • Woodside Birkenhead Ferry Terminal (66.9 miles)

Nearby schools

View all schools in Wolverhampton
  • Broadmeadow Special School (0.5 miles)
  • West Park Primary School (0.6 miles)
  • Nishkam Primary School Wolverhampton (0.6 miles)
  • Wolverhampton Vocational Training Centre (1.9 miles)
  • Codsall Community High School (3.8 miles)
  • The Rural Enterprise Academy (8.0 miles)
  • Wolverhampton Grammar School (0.9 miles)
  • The Royal School, Wolverhampton (1.1 miles)
  • Northern House School (City of Wolverhampton) (1.2 miles)
Note: Distances are straight line measurements

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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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