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BUSINESS REFERENCE : 8059 / RightBiz LEASEHOLD LICENSED CAFE/SANDWICH BAR IN SOUTH WALES | | | | | | Licensed Cafe/Sandwich & Espresso Bars South Wales Ref: 8059 T/O: £712,000 GP: 65%- 69% Highly profitable. All sites prime city/town centre locations, Fitted out to a high standard | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £495000 + SAV | ANNUAL RENT: | £40000 | | | | | | | | | | | BUSINESS DETAILS: | This business operates three café/sandwich and Espresso bars, along with three franchises. Two of their own café/sandwich bars are licensed and operate from prime retail sites within a major city centre. The third café/sandwich bar operates as a concession within a major furniture retailer. The business also has three franchises, again operating from prime town centre retail sites, all enjoying high footfall.
Bag A Business is delighted to offer for sale this highly successful group of businesses operating as caf‚/sandwich and Espresso bars. Our clients established the business in 1992 and offer top quality baguettes, jacket potatoes, salads, breakfasts, a vast selection of coffees and desserts. Two outlets are licensed, giving customers the opportunity to have a glass of wine or beer with their meals. The company enjoys strong branding and has a very recognisable name, with extensive radio advertising having been carried out. All baguette fillings are cooked and prepared on their own premises, ensuring quality and freshness. Because of the success of their own businesses, our clients embarked on a franchising operation in 1996 and have three very successful franchise outlets to date. The franchising represents the potential for new owners to take the business to the next level and to 'roll it out' across the UK, such is the strength of this brand. Turnover is currently £712,000 per annum, including franchise commission and gross profit margins are 65% - 69%, producing high net profits. Our clients are now looking to take semi-retirement. Bag A Business highly recommends an early viewing of this well-established business, which is ripe for growth.
FINANCIAL PROFILE
W/T £13,692
GP 65% - 69%
OPENING HOURS
Varying, between 8:00am - 5:00pm, dependent on site.
PROPERTY DETAILS-SITE 1
On ground floor level, with 75 covers inside and 16 outside.
Disabled WC
Staff WC
Glass fronted delicatessen servery
PROPERTY DETAILS-SITE 2
Two storey outlet, using ground floor and basement, with seating for 40 on ground floor level and 95 in the basement restaurant.
Fully fitted commercial kitchen
Office area
Ladies, gents and disabled WCs
Serving area with glass fronted delicatessen servery
Bi-folding doors on ground floor to create an open-air, continental style restaurant
Seating outside for four
CONCESSION
Located ar the front of a furniture store, with seating for 45 inside and 30 outside.
FRANCHISES
Three franchise outlets, occupying prime retail sites within three major towns/cities.
TENURE
Leasehold
Site One:
Original 10 years
Remaining 3.5 years
Review 5 years
Rent £18,500 per annum
Site Two:
Original: 10 years
Remaining: 8 years
Review: 5 years
Rent: £40,000 per annum
Concession:
Ongoing lease
Rent: 7.5% of turnover | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 8059 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
