Status: Completed
Tenure: Leasehold
Leasehold Rent: £10,000 per annum
Turnover: £53,576
Contemporary Cafe and Coffee Shop in West Midlands for SaleContemporary Cafe and Coffee Shop in West Midlands for SaleContemporary Cafe and Coffee Shop in West Midlands for Sale
Open To Offers - Price On Application

Contemporary Cafe and Coffee Shop in West Midlands for Sale

Completed
  • Reference: 1494
  • Location: Stourbridge, West Midlands
Hilton Smythe welcomes to the market The Little Green Olive. This immaculately presented cafe and coffee shop was originally founded by our client in 2011 and since then has established a fantastic reputation with a regular repeat client base and ample passing trade due to its prime location.

Our client has refurbished and decorated the café, which now a delightful resting place, with a vivacious colour scheme and modern furnishings for 30 covers, and the added bonus of an outdoor decked seating area for a further 9 covers.

The Little Green Olive provides a varied menu including a wide selection of hot and cold beverages, breakfasts, jacket potatoes, sandwiches, paninis, salad boxes and a great selection of homemade cakes. Additionally, a small amount of outside catering is provided for children's parties, an aspect of the business that can easily be built upon with an injection of marketing, indeed the business already has an excellent website www.littlegreenolive.co.uk.

We feel there is potential to increase turnover of this already profitable concern, perhaps by extending opening hours to take advantage of weekend and evening trade and currently the business is managed by paid staff, an ideal opportunity for an enthusiastic new owner to run and manage the business to help reduce the wages bill.

Naturally, we would highly recommend this superb walk in trading opportunity with the potential for further growth which genuinely comes to the market due to our clients other business interests.

TENURE

We are advised leasehold.

The original lease length is 10 years with 8 years remaining.

We are advised that the current rental arrangement is £10,000 per annum paid by our client, with a rebate given by the Primary Care Trust of 50% exc VAT.

HOURS

The business opens:- Monday to Friday 8.30am - 4.30pm Saturday and Sunday - Closed.

STAFF

The business is run and managed by two members of staff.

FINANCIAL PROFILE

The business reports an annual turnover of £53,576 with reported gross profit at 42%.
The business is located in the large residential town of Stourbridge in the borough of Dudley in the West Midlands.

Occupying a prime trading position attached to Stourbridge Health and Care Centre, on John Corbett Drive, and highly visible with the frontage to the main car park, within a residential area ensuring very heavy footfall throughout the day.

Stourbridge is well known for its glass making roots, and lies on the River Stour and is linked to the Staffordshire and Worcestershire canal, a popular route for holiday makers and is navigable by narrowboat. The town lies around 13 miles west from the City of Birmingham, located in between Kidderminster and Dudley. The town has excellent road links with the A491 and A458 running through the town and Stourbridge is a short drive away to the M5 motorway. The town boasts its own railway station and has a complex network of bus services running through the town and out to neighbouring villages and towns.
This double fronted ground floor premises briefly comprises:-

Large glass frontage with good clear signage, through to cafe area, immaculately presented with contemporary furnishings for 30 covers, leather sofas, wood effect flooring, open drinks chiller, product display stand, bespoke counter server with cake display and ecr and fully air conditioned.

The kitchen area hosts a Lavazza coffee machine, hot plate, Panini press, 2 microwaves, oven, toaster and chillers.

To the rear is the toilet and convenient store room.

Externally there are two large decked seating areas to the frontage for a further 9 covers.