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.
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.
The Gold and Black Cafe occupies the ground floor of a period terraced building and is presented and maintained to a high standard.
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.
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
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
Stainless steel-clad walls
Hand wash basin with soap dispenser
Twin stainless sink and drainer
Useful store cupboard ideal for cleaning materials or linen closet.
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
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.