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BUSINESS REFERENCE : AC100 / RightBiz INTERNET CAFE & PRESTIGIOUS COFFEE SHOP | | | | | | Internet Cafe & Prestigious Coffee Shop Confidentially offered for sale Ref No: AC100 Location: Earls Court Asking price: £225,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £225000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was purchased three years ago (2004) by the Vendor with a generous combination of innovative insight and entrepreneurial spirit it has grown since to become a significant enterprise with a reputation for the quality of its menu, food selection, environment and the successful combination of Internet café and Coffee shop with a vast selection of homemade sandwiches and cakes.
The welcoming, comfortable and contemporary café currently occupies 60 square meters in this fantastic central west end location, just outside a major tube station, benefiting greatly from passing trade and tourists.
This successful business offers customers an opportunity to spend time enjoying a high quality lunch or snack prepared to the highest standards and accompanied by high quality coffees and refreshments from different continents.
Exemplary relations further support the business with key suppliers who have helped to ensure that customer service and product quality is never compromised and that customers receive the highest possible quality of service, this has lead to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this business’s abilities in service quality and sustained business success.
Equipment:
Administrative and specific technical systems have been set up to provide the technology required for a modern and efficient business of this type, and more specifically a database management tool that manages the product portfolio and adjusted daily pricing maximising profit potential.
Customer Service:
The company has earned an outstanding reputation for its honesty, service, reliability, and excellent quality computers.
The business considers simply that happy customers come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of return custom and the reach of its reputation.
Key Strengths:
The business is an organisation where the business owner has, over time developed and nurtured a reputation capable of drawing repeat custom and generating new customers. This has resulted in customer relations founded on a history of trading satisfaction and not contingent upon the presence of the vendor.
The business is well established with a strong, growing customer base managed by a comprehensive and sophisticated blend of management expertise and technology. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis and having done since opening.
The company has earned an outstanding reputation for its food quality, service, reliability, sophisticated and stylish atmosphere, value for money and experienced staff.
The quality of the location cannot be overstated since it is a key differentiator in the marketplace and a considerable asset, it is also responsible for the high visibility and the attending passing custom bringing unique first time visits on a regular basis.
Growth and Expansion:
The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Key Opportunities:
This is an outstanding opportunity to build on the existing business services and customer base of this company and also to add new services such as outside catering. With a strong demand for its combination of environment, food quality, menu and bar together with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
Employees:
Five part time service staff support the vendor in the day-to-day running of the business.
Advertising and Marketing:
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation, along with its superb location benefiting from a huge amount of passing trade.
Premises:
The business operates from stylish leasehold premises in Earls Court. The current lease is valid until 2019. Annual rent is charged at £25,300 with rates charged additionally at £10,000. The business has an attractive shop front with an upstairs seating area totally 60 square meters.
Business Hours:
7.00 am – 11.00 pm Seven days a week.
Security:
The building is secured by an alarm with CCTV in operation 24 hours a day,
Financial Information:
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 low overheads, positive cash flow, enjoys strong forward bookings, and has shown consistent growth over the past 3 years of trading.
Turnover is circa £128,000 per annum generating a gross profit of £50,960. The business is extremely well fitted at a net asset value of £30,000.
Reason for Sale:
The current vendor is selling the business due to family commitments.
Support and Training;
Full support, training and handover will be provided to the successful purchaser | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AC100 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
