Successful - Cafe - Restaurant - Bar | | Taunton Somerset | | This location is in the centre of a busy Town Centre opposite Debenhams. This property is the cornerstone of the town and a very prominant location for anyone. This business has a very exciting future with a great deal of regular customers. A must see Lease to let or rent Successful - Cafe - Restaurant - Bar is located in Somerset. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 48561
ADVERT IMPRESSIONS : 20,668 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Private Sale | LEASEHOLD: | £40000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle. - A well established business. - Good loyal clientele. - Business runs as café, restaurant and bar seven days a week. - Fully equipped business with favorable lease terms (see below). - Turnover in excess of £460,000 with a net profit of £144,000. (See financial summary below). This is very impressive considering the credit crunch. - A business with great potential which has not been exploited because of other business concerns. - An easily run operation. - Good, loyal and well trained staff. - A good first time buyers business. - Well equipped premises. History
This thriving café /restaurant which has been established since 1970. The business has been in the hands of the current owner since inception and now wishes to sell due to semi-retirement and personal circumstances. Services
This very good business opportunity provides alcohol, baguettes, paninis, sandwiches, pizzas, chips, burgers, breakfasts, curry’s, chicken, steaks and much more. Staffing
The concern employs 6 staff.4 are full time and 2 are part time. The total wage bill is £600 p/w. All staff would stay on after a sale. Owners Role
The owners role is very hands on, as they deal with the day to day running of the business. Marketing
The owner sometimes hands out flyers and also has a website. Competition
As far as competition is concerned there is some in the area
Market
The client base consists of a mixed clientele mainly regulars with passing trade. Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings, local and internet advertising. • Increasing the opening hours to include longer trade. • Increasing the product line to include more products for sale. • Becoming more efficient with staffing levels. • With an enhanced website. 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. Property Details
This property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. The premises itself is large and includes CCTV system with inferred cameras. The main customer service area is to the front; it is well presented and conveniently laid out. The café/ restaurant has 60 covers and includes an overhead menu. The premise also contains customer toilets. To the rear of the property there is a store room, toilet and staff facilities with a fully equipped kitchen. Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £50,000. External
To the rear is a beer garden with a further 20 covers. Financial Details
The present turnover is £460,000 per annum with a gross profit of 60% and a net profit of £144,000. The wages are £30,000 per annum. The potential turnover of the business within the next 2 years is forecast to reach £550,000 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. Property information
Property:LeaseholdLease terms:
The original length of the lease was 20 years with 15 years remaining. The rent is £40,000 pa with a review in 4 years. The lease may be renewable or negotiable for longer term if required. The rates are £12,500. Leasehold rent:£40,000 per annum Location:- Situated in the city centre of Taunton
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Regeneration is taken place near the business
- Surrounded by densely populated residential area with schools and other local amenities. - Local area consists of a mixed population
- Area offers exceptional lifestyle
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving areaPremises details:This property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. The premises itself is large and includes CCTV system with inferred cameras. The main customer service area is to the front; it is well presented and conveniently laid out. The café/ restaurant has 60 covers and includes an overhead menu. The premise also contains customer toilets. To the rear of the property there is a store room, toilet and staff facilities with a fully equipped kitchen. Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £50,000. External
To the rear is a beer garden with a further 20 covers. Other information
Expansion potential:The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings, local and internet advertising. • Increasing the opening hours to include longer trade. • Increasing the product line to include more products for sale. • Becoming more efficient with staffing levels. • With an enhanced website. Competition / Market:As far as competition is concerned there is some in the areaSupport & training: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
Reasons for selling:Semi-retirement
Trading hours:Monday to Sunday: 9:00am - 2:00am
Furniture / Fixtures value:£50,000 (included in the asking price) | | | | | | FOR SALE | | | | | REFERENCE: | 48561 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
