Thriving Italian Sandwich Bar/cafÉ London | | Undisclosed London | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving sandwich bar and Italian Cafe which has been established since 2000. The business has been in the hands of the current owner since 2006. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 41727
ADVERT IMPRESSIONS : 14,656 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | ASKING PRICE: | £85,000 | LEASEHOLD: | £85,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The particular highlights of the business are:
- A very profitable business with huge potential
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £338,000 with a net profit of £100,000. (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 a family and is unable to open later.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving sandwich bar and Italian Cafe which has been established since 2000. The business has been in the hands of the current owner since 2006 and he now wishes to sell due to re location.
Services
This very good business opportunity provides a sandwich bar and café selling baps, baguettes and sandwiches as well as Italian specialties and breakfasts and lunches.
Staffing
The concern employs 4 staff who are all full time and work 66 hours each. The weekly wages are £1,400.
All staff would stay on after a sale.
Owners Role
The owners’ role is very hands on and he works full time.
Marketing
The owner does no marketing for the business and does not have a website.
Competition
As far as competition is concerned there are lots of other eating places in the area.
Market
The client base consists of locals, office workers and users of the Business Design Centre.
Opportunities
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 evenings and later hours.
• Increasing the product line to include other 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.
Training and Handover
The owner would be available for an extensive training and handover period 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.
Financial Details
The present turnover is £338,000 per annum with a gross profit of 70% and a net profit of £100,000. The wages are £70,000 pa. The present value of the stock is £500 and the fixtures fittings and equipment are worth £15,000.
In 2008, the turnover was £335,000. The potential turnover of the business within the next 2 years is forecast to reach £400,000 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. | | | | | | FOR SALE | | | | | REFERENCE: | 1480 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
