| | | 1457: BRAZILIAN CAFÉ WITH ACCOMMODATION BRISTOL SOMERSET | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 6,686 TIME(S)
BUSINESS REFERENCE : 1457 / RightBiz | | | | | | Phoenix Business Transfer Agents are delighted to place onto the market this well known business which has been established since early 2009. The business has been in the hands of the current owner since 2009 and he now wishes to sell due to other business interests. This very good business opportunity provides a Brazilian menu and pastries, coffee, and there is a full alcohol bar. There is also English breakfast and burgers served as well as an internet café. The concern employs 3 staff. 1 is full time and 2 are part time. They are paid at the rate of £6 per hour. The total wage bill is £306 per week. All staff would stay on after a sale. The owner works 30 hours a week doing administrative tasks and his wife works full time with a very hands on role. The owner does not do much marketing for the business. As far as competition is concerned there is no other café which provides Brazilian products in the area. The client base consists of local Brazilian and Portuguese community as well as other locals. | | | BUSINESS LOCATION: | Bristol Avon UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £90000 | ANNUAL RENT: | £15360 | | | | | | | | | | | BUSINESS DETAILS: | Location
This superb business opportunity is situated in the Patchway area of Bristol in Somerset .It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby. The business is part of a parade of shops. There is a large Brazilian and Portuguese population.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby and many prestigious businesses locally including Rolls Royce, Royal Mail, Airbus, and the area is earmarked for another 2000 local houses.
The location is well linked with the main arterial road and the railway station close by. The business has clientele from within a 5 mile radius. The locale offers a good lifestyle opportunity.
Business Details
The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• An established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £127,400 with a net profit of £31,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner has other business interests.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.
Phoenix Business Transfer Agents are delighted to place onto the market this well known business which has been established since early 2009. The business has been in the hands of the current owner since 2009 and he now wishes to sell due to other business interests.
This very good business opportunity provides a Brazilian menu and pastries, coffee, and there is a full alcohol bar. There is also English breakfast and burgers served as well as an internet café.
The concern employs 3 staff. 1 is full time and 2 are part time. They are paid at the rate of £6 per hour. The total wage bill is £306 per week. All staff would stay on after a sale.
The owner works 30 hours a week doing administrative tasks and his wife works full time with a very hands on role.
The owner does not do much marketing for the business.
As far as competition is concerned there is no other café which provides Brazilian products in the area.
The client base consists of local Brazilian and Portuguese community as well as other locals.
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include late nights.
• Increasing the product line to include other food products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce especially for the Brazilian food items.
The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is part of a parade of shops and is approximately 35ft x 45 ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is carpeted with 14 covers and 2 work stations. It is very well presented and is very conveniently laid out.
The customer service point is to the rear. There is an overhead menu. There are customer toilets.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £5,000.
Financial Details
The present turnover is £127,400 per annum with a gross profit of 64% and a net profit of £31,000. The wages are £15,000pa. The present value of the stock is £500 and the fixtures fittings and equipment are worth £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
The business operates from Monday to Friday between 9am and 6 pm except Friday when it closes at 10pm.
Tenure
The original length of the lease was 5 years with 4 years remaining. The rent is £15,360 pa. The rates are £900 pa.
Viewings
The owners are available for viewings at anytime by prior arrangement.
Price: £90,000 plus sav
Ref: 1457 | | | | | | FOR SALE | | | | | SELLER: | PHOENIX BUSINESS AGENTS | | CONTACT: | 0844 567 5016 | | REFERENCE: | 1457 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
