WOLVERHAMPTON – CITY CENTRE, RECENTLY REFURBISHED COFFEE SHOP AND BRUNCH BAR

Wolverhampton city centre
Well-appointed coffee shop & brunch bar
Recently developed trade area & kitchen
Busy high street location
Takings £87,000 pa net of VAT on limited opening hours
Lock up

The metropolitan city of Wolverhampton has a population approaching 300,000 and stands on the edge of the West Midlands conurbation and was historically in South Staffordshire. It has a vibrant city centre which has been subject to much investment over recent years and now is a thoroughly modern city and venue.

Adile’s coffee is set in the densely populated heart of the community. The trading areas have been recently refurbished and provide excellently contemporary café and dining facilities throughout. It is a stylish premises, operating as a coffee and brunch bar. It could easily evolve to more a restaurant with the extension of trading hours, and obtaining a premises licence. It is well presented and offers a prospective purchaser a good return from its current established trade.

TRADE AREAS 
The property has been created in a traditional retail unit which has glazed double frontage to a busy street on the edge of central Wolverhampton. 
Front entrance leading to a two section café. The principle area seating 25 and having herringbone parquet floor throughout, a fully equipped servery counter with tiled frontage and wooden countertop. Part panelled walls with feature wallpaper above. This area has fixed upholstered wall seating and loose matching cocktail chairs with high stools. The second is a raised seated area, with turned balustrade and has seating for 6. W/C. CATERING KITCHEN fully equipped for provisions of a café/brunch bar.

EXTERNAL 
To the rear of the property is a single CAR PARKING SPACE. 

Since opening in August 2023 the business has subsequently operated successfully just below the VAT threshold. Accounts for the year ended 12 April 2024 show a turnover of £87,699. This trade achieved despite the business operating limited hours being open Tuesdays to Sundays from 09:00-15:00. There is undoubted scope to increase the trade exploiting evenings, especially if the business was to obtain a premises licence for the retail of alcohol.

TENURE & PRICE
LEASEHOLD £39,500 to include goodwill and fixtures & fittings. Stock at valuation in addition. 

The premises are held on a part repairing and insuring lease agreement from a local investment company for a term of 5 years commencing April 1 2023. The lease falls within the security provisions of the Landlord and Tenant Act 1954 and is fully assignable. Rent currently stands at £10,000 per annum paid quarterly in advance. The lease is free of all trade ties.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.