Leasehold Cafe London Price Reduced | | Undisclosed London | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving café which has been established since the 1970’s. The business has been in the hands of the current owner since inception. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 49060
ADVERT IMPRESSIONS : 11,641 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | ASKING PRICE: | £110,000 | LEASEHOLD: | £110,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in the area of south east London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of a mixed population.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
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.
- A well established business.
- Good loyal clientele.
- A good friendly atmosphere.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £168,000 with a net profit of £72,000. (See financial summary below).
- A business with great potential which has not been exploited because of other business interests.
- 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 café which has been established since the 1970’s. The business has been in the hands of the current owner since inception and he now wishes to sell due to other businesses.
Services
This very good business opportunity provides English breakfast, sandwiches, Paninis, baguettes, pasta, salads and a wide range of hot lunches.
Staffing
The concern employs 4 full-time staff. All staff would stay on after a sale.
Owners Role
The owners’ role is hands on and he deals with the day to day running of the business.
Marketing
The owner markets the business on the internet.
Competition
As far as competition is concerned there is none in the area.
Market
The client base consists of mainly regulars, passing trade, local offices and builders.
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 longer trading hours and open Sundays.
• Increasing the product line to include more products for sale.
• 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.
Property Details
The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
The café has 48 covers. The customer service point is to the rear of the business with an overhead menu. To the rear of the premises is a store room, customer toilets, staff facilities and a fully equipped kitchen.
External
To the front a extra 4 covers.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £15,000.
Financial Details
The present turnover is £168,000 per annum with a gross profit of 60% and a net profit of £72,000.
The potential turnover of the business within the next 2 years is forecast to reach £220,000 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
Monday to Friday: 06:00am - 3:30pm
Saturday: 06-00am - 2:00pm
Tenure
The original length of the lease was 25 years with 21 years remaining. The rent is £15,000 pa with a review in 1 year. The lease may be renewable or negotiable for longer term if required. The rates are £2,300.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £220,000
Ref: 1647 | | | | | | FOR SALE | | | | | REFERENCE: | 1647 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
