Profitable, Highly Regarded Cafe in Busy West Midlands Shopping Centre For Sale
Wolverhampton, West Midlands
- Status
FOR SALE
- Advert ID
621866
- Reference
B08370 / Rightbiz
- Call Agent:
- Leasehold: £34,995
- Turnover: £175,000 (£3,365 per week)
- Profit: £45,000
Business Details
Profitable & Highly Regarded Cafe For Sale
BusinessPlease quote reference B08370
CoGoGo welcomes Katie's Kitchen, a highly regarded cafe located in the bustling Wulfrun shopping centre in Wolverhampton, which is now on the market.
With high footfall and substantial passing trade, this charming cafe presents an exceptional opportunity for an aspiring entrepreneur or an experienced operator seeking a thriving business with growth potential.
Owned and managed by our client for the past three years, Katie's Kitchen is renowned for its warm atmosphere, friendly service, and excellent menu offerings. The business is efficiently run by the owner, their father, and supported by one full-time and one part-time staff member. It boasts community seating with eight tables of four, fostering a welcoming environment for customers.
Key features:
- Prime Location: Situated in the Wulfrun Centre, surrounded by busy retail outlets, ensuring consistent foot traffic and excellent visibility.
- Assets: Included assets are valued at approximately £10,000, covering quality fixtures, fittings, and catering equipment.
- Operating Hours: The cafe currently operates six days a week, closing on Thursdays and Sundays, leaving immediate potential to increase revenue by extending opening days or hours.
- Extended Operating Hours: Opening on Thursday and Sunday could capitalise on weekend shoppers and significantly increase revenue.
- Expand Menu Offerings: Introducing a wider range of grab-and-go options, healthy choices or seasonal specials could attract a broader customer base.
- Delivery Services: Partnering with delivery platforms like Uber Eats or Deliveroo would tap into the lucrative home-delivery market.
- Marketing Efforts: Enhanced marketing through social media, loyalty programs, or partnerships with local businesses could boost brand visibility and customer retention.
- Event Hosting: Hosting events such as coffee mornings, workshops, or private functions could diversify income streams.
The current owner wishes to explore a new direction, paving the way for a new owner to build on their success!
Get in touch with CoGoGo today to arrange a viewing and secure this promising business opportunity.
Location
Katie's Kitchen is located in Unit 15 Wulfrun Centre, 28 Wulfrun Way, Wolverhampton, WV1 3HG.
Premises
Katie's Kitchen is a vibrant addition to the Wulfrun Shopping Centre, occupying a welcoming unit adorned with eye-catching signage that draws visitors in. The space features a fully equipped kitchen for preparing delicious offerings and a community seating area just out front, creating the perfect spot for shoppers to relax and enjoy.
Tenure
This opportunity is being sold on a Leasehold basis.
18 months are remaining on the lease and the current rent is £13,000 per annum, including service charge.
Hours
The current operating hours are:
Monday Wednesday - 9:30 am to 4:30 pm
Thursday - Closed
Friday & Saturday - 9:30 am to 4:30 pm
Sunday - Closed
Staff
This business is run and managed by our client as well as 4 members of staff.
Financial Profile
This business generated a turnover of £175,00. Full financials can be made available upon further request.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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