Thriving Bistro In Oxted Surrey | | Oxted Surrey | | Phoenix Business Transfer Agents are delighted to place onto the market this Thriving Bistro which has been established for over 15 years. The business has been in the hands of the current owner since 2005. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60038
ADVERT IMPRESSIONS : 2,862 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Bistros | | SALE: | Agent Sale | ASKING PRICE: | £175000 | LEASEHOLD: | £175000 | ANNUAL RENT: | £15000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in the very busy and affluent area of Oxted in Surrey.
- Prominent location on main arterial road.
- Part of a parade of shops within the main shopping area.
- Excellent parking facilities outside and nearby.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area with many shops and offices.
- Well linked with central London by train.
- Sevenoaks, Tunbridgewells and Biggen Hill all lie close by.
- Well linked with the M25.
- Area enjoying much growth and regeneration.
- 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 £230,000 with a gross profit of £67,389 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Thriving Bistro which has been established for over 15 years. The business has been in the hands of the current owner since 2005 and now wishes to sell due to a change in career.
Staffing
The concern employs 2 part-time and 1 full-time members of staff.
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
There is no local competition.
Market
The client base consists of locals 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 evening and weekends.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• Increasing the advertising and hosting events.
• There is a large basement that can be used for corporate meetings, weddings etc. while still having the main bistro trading.
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 and is part of a parade of shops. The front is branded with an attractive glass front with use of the pavement for seating. The main customer service area is laminated. It is very well presented and is very conveniently laid out.
The café has 50 covers inside and a further 12 outside. The customer service point and bar is to the rear and there are customer toilets.
To the rear is a store room and a fully equipped kitchen. There is a toilet, staff facilities and a further store room down stairs.
BASEMENT
There are tables and a seating area.
EXTERNAL
To the front there is a pavement area for seating.
To the rear is a loading bay and waste area.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £19,000.
FINANCIAL DETAILS
The present annual turnover is £233,056 with a gross profit of £67,389. The wages are £2,500 pm. The present value of the stock is £2,500.
The potential turnover of the business within the next 2 years is forecast to reach £360,000 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: 8.00 am – 5.00 pm.
Saturday: 8.00 am – 6.00 pm.
Sunday: Closed.
TENURE
The original length of the lease was 15 years with 1 years remaining. The rent is £15,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £3,500.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £175,000
Ref: 2019
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: | 2019 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
