Licensed Delicatessen & Café Plus Outside Catering | | Undisclosed Hertfordshire | | Licensed Delicatessen & Café plus Outside Catering Ref.AC216 Location Hertfordshire Asking Price £ 189,995 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 32401
ADVERT IMPRESSIONS : 51,052 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £189,995 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | This high quality delicatessen, café and outdoor caterer was established in 1992.
Located in a busy high street in an affluent area of Hertfordshire, the premises have indoor seating to cater for 30 covers with a further 12 covers outside. The premises are licensed to sell alcoholic drinks and for the preparation of the wide range of high quality, fresh sandwiches, cold food, a variety of hot drinks including coffee and a wide selection of ice-cream.
The business has an outstanding reputation for quality and freshness and is a successful business that boasts a homely, yet professional approach and has built up a loyal customer base. The delicatessen/cafe could apply for A3 licensing, which should not be a problem in the area.
The premises are fitted out with modern furniture and are fully equipped with all the necessary appliances required to run this profitable business.
The quality of the food and service is of a high standard, customers come largely from the local population with plenty of passing trade generating a high level of repeat business. Customers enjoy the relaxed ambience associated with the café and are happy to meet and socialise while experiencing the high quality dining experience.
The vendor intends to move abroad and this creates a rare opportunity for a new owner to take this solid business on to the next level. There are considerable opportunities for expanding this well-established café and delicatessen that has developed the perfect formula for success with an excellent level of turnover already being achieved.
Equipment:
This business has all of the necessary equipment including ovens, fridges, freezers, microwaves, crockery and cutlery.
A full inventory will be provided at a later date.
Customer Service:
The business operates with a simple philosophy, to serve the highest standard of food and drink, with as much locally sourced produce as possible, ensuring that no compromise is made on taste. A wide variety of local, fresh natural food is served by friendly and outgoing staff. This is backed up by full compliance with all the relevant and up to date food hygiene standards.
Key Strengths:
The business occupies a highly desirable affluent location in Hertfordshire, a factor that has been instrumental in the ongoing success of the business. A high street provides prestige and plenty of opportunities to attract passing custom. The local population provides a large amount of repeat business, which is bolstered by custom from the large amount of pedestrian traffic passing the premises.
Growth and Expansion:
Increasing opening times to include and evening service, plus applying for a full A3 licence will have an immediate and significant effect on turnover, which the vendor feels could increase turnover by approximately 50 %.
With the running of the café and the delicatessen, little time has been spent courting the local businesses and corporate organisations for outside catering. This area could be extended and additional ranges of food added to the menu for the delicatessen, café and outdoor catering service. The business does not offer a delivery service as yet and the current owner suggests that this would be a good income stream, requiring some planning and a little marketing.
Premises:
The business is situated on a corner in an excellent town centre location with full glass windows to the front and side. The restaurant operates from leasehold premises in Hertfordshire, with three years remaining on the existing fifteen-year lease which automatically renews. Annual rent is circa £20,000.
Business Hours:
Monday – Friday: 8.00 am to 5.30 pm
Saturday: 8.00 am to 5.30 pm
Sunday: 8.00 am to 3.30 pm
Advertising and Marketing:
Much of the business’s revenue is a result of word of mouth recommendations, bearing strong testimony to the excellent reputation enjoyed by the business. In addition this business currently uses its website and of course the excellent window displays.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent high growth over 17 years trading.
The current turnover is £325.00-£350,000 generating a profit of £80,000. The vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.
Employees:
This is a very professional business that the owner runs full time assisted by 4 part time staff.
Support and Training:
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Reason for Sale:
The owner is now living too far away from the business for an easy commute and is intending to move abroad.
| | | | | | FOR SALE | | | | | REFERENCE: | AC216 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
