Freehold Café With Accommodation High Street Location Price Reduced | | Lewes East Sussex | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving cafe which has been established since 2009. The business has been in the hands of the current owner since 2009 and now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65859
ADVERT IMPRESSIONS : 7,662 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | ASKING PRICE: | £550,000 | FREEHOLD: | £550,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in very busy area of Cliff in Lewes.
- Prominent location on main road very much a tourist haven.
- Part of a parade of shops on very busy high street.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by densely 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.
- Lewes Castle and many tourist areas 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 living accommodation.
- Turnover in excess of £243,000 with a net profit of £27300. (See financial summary below).
- A business with great potential to increase margins and turnover.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for partnership or couple.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a life style cafe/coffee shop and newspapers.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving cafe which has been established since 2009. The business has been in the hands of the current owner since 2009 and now wishes to sell due to retirement.
Services
This very good business opportunity provides a Breakfast Menu, Coffee, Light, snacks with full A3 use.
Staffing
The concern employs 4 full-time and 2 part-time.
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 close by.
Market
The client base consists of locals and tourist.
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 later PM.
• Increasing the product line to include alcohol and evening meals etc.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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
The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. The main customer service area has a wooden floor. It is very well presented and is very conveniently laid out.
The café has 23 covers inside and 12 outside. The customer service point is to the rear. There are customer toilets.
To the rear is a store room and a partly equipped kitchen. It has been rewired within the last 2 years.
First Floor
On the first floor there is large living room and Kitchen /dinner.
Second Floor
On the second floor there are 2 double bedrooms and a bathroom and toilet.
External
To the rear is a small yard.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £7,000.
Financial Details
The present annual turnover is £243,663 with a gross profit of £90,969 and a net profit of £27.000. The wages are £42,000. The present value of the stock is £1500.
The potential turnover of the business within the next 2 years is forecast to reach £350,000 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 7.30am – 6.00pm. Saturday 06.00am – 6.00pm. Sunday 06.00am – 6.00pm
Tenure
The business is Freehold and the rates are £4,500
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £625,000
Ref: 2114
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: | 2114 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
