Established CafÉ With Great Potential For Growth In Middlesex | | Enfield Middlesex | | Phoenix Business Transfer Agents are delighted to place onto the market this established café (with great potential for growth) in Middlesex which has been established since 1985. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 56247
ADVERT IMPRESSIONS : 3,025 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | ASKING PRICE: | £66,000 | LEASEHOLD: | £66,000 | ANNUAL RENT: | £7,500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Hertford Road area of Enfield in Middlesex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities in front of the business.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A10, A1010 and A1055.
- Waltham Abbey, Epping and Barnet all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £60,000 with a net profit of £16,976 (see financial summary below).
- A business with great potential which has not been exploited because of low staffing levels which have limited the opening hours.
- An easily run operation.
- A good first time buyers business and ideal purchase for a family or couple.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a traditional English café service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this established café (with great potential for growth) in Middlesex which has been established since 1985. The business has been in the hands of the current owner since 1985 and they now wish to sell due to retirement.
Services
This very good business opportunity provides a traditional English café service.
Staffing
The concern employs no employees and is a family run business.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business some 500 meters away.
Market
The client base consists of local and 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 including local and internet advertising.
• Increasing the opening hours to include evenings and Sundays.
• Increasing the product line to include Pizzas, Pastas and an Espresso Coffee Machine.
• Becoming more efficient with staffing levels.
• 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 property is terraced, part of a parade of shops and is approximately 500 sq ft. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled. It is very well presented and is very conveniently laid out. The café has 36 covers. The customer service point is to the rear.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £5,000.
Financial Details
The present annual turnover is £61,716 with a gross profit of 51% and a net profit of £16,976. The present value of the stock is £200.
The potential turnover of the business within the next 2 years is forecast to reach £105,000 pa 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: 7.00 am – 4.00 pm.
Saturday: 7.00 am - 3.30 pm.
Sunday: Closed.
Tenure
The original length of the lease was 15 years with 7 years remaining. The rent is £7,500 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £2,144.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £66,000 (Price Reduced)
Ref: 1872
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 1872 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
