Status: Completed
Tenure: Leasehold
Leasehold Rent: £6,000 per annum
Turnover: £68,000
Busy Café in good locationBusy Café in good locationBusy Café in good location
£29,950 + SAV

Busy Café in good location

Completed
  • Reference: 13440 H
  • Location: Wolverhampton, West Midlands
Hilton Smythe welcomes to the market Upper Crust Café. Established in 1995, the business has been successfully run and managed by our client since inception in 2016.

Revenue is derived from the sale of hot and cold daily prepared dishes including breakfasts, burgers, toasted sandwiches, sandwiches and daily specials to either sit in or take away. This busy café is in a great trading position seeing regular custom and further benefiting from passing trade. According to the 2015/16 accounts the business reports a generous turnover of £68,000 with gross profit at 60%.

The café is bright and airy, spotlessly clean and provides seating for 12 covers, with an additional breakfast bar area allowing further seating. The business is well known in the area and is well known for the low pricing structure, cleanliness and very friendly staff.

The café has a presence on social media, which we believe a new owner should make more use of by posting regular features and updates to promote the assets of the business. Also, a modest marketing campaign, perhaps leaflet drops in the area or introduce a delivery service would generate new business.

Early viewing of this "turn key" business is highly recommended, which genuinely comes to the market due to our client's other business interests.

TENURE

We are advised leasehold
The original lease length is 5 years
As of 2016, 4 years and 9 months remain on the lease.
Rent is £6000 per annum.

HOURS

The business opens: -

Monday to Saturday 7.00am - 2.00pm

STAFF

The business is owner run and managed with the assistance of 2 full time members of staff.

FINANCIAL PROFILE

According to the 2015/16 accounts the business reports a generous turnover of £68,000 with gross profit at 60%.
The business sits within a busy commercial and retail area of Wolverhampton, West Midlands.

Upper Crust occupies a prominent trading position on the heavily used Dudley Road, a busy commuter road leading into the city. The area sees a high and consistent footfall and the business sits on a busy bus route, with a bus stop within easy walking distance. There is layby street parking directly to the front.

This vibrant city has excellent public transport links with a mainline railway station and is easily accessible from the M6 motorway.
Corner premise briefly comprising: -

Single door entry with good signage above.

The main dining area is well lit and has 12 covers with a further breakfast bar area providing additional seating. The floor and walls are tiled

Chilled serve over counter with open plan kitchen area behind.

The kitchen has the following equipment included in the sale: Salad well/drinks chiller, 2 freezers, 1 upright fridge, 2 microwaves, 2 toasters, 1 four pot Bain Marie, 2 small fryers, preparation table, water heater, 1 hot plate, 1 freestanding cooker. The kitchen has a sink unit with drainer and storage beneath.

Storage room with cupboard and boiler.

Toilet facilities.

Rear access.