Leasehold CafÉ Leicester Price Reduced | | Hinckley Leicestershire | | Phoenix Business Agents are delighted to place onto the market this highly profitable leasehold cafe which has been established since1971. The business has been in the hands of the current owner since 1998 and he now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66072
ADVERT IMPRESSIONS : 10,016 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | ASKING PRICE: | £45000 | LEASEHOLD: | £45000 | ANNUAL RENT: | £5400 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Hinkley Road area of Leicester
- Prominent location on main arterial road
- Excellent free parking facilities nearby
- Industrial estates nearby
- Surrounded by a densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
- Well linked with the A47 and A563.
Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £85,000 with a net profit of £41,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to retire.
- 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 highly profitable leasehold cafe which has been established since1971. The business has been in the hands of the current owner since 1998 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a full English café menu with an eat in or take away option.
Staffing
The concern employs three staff, all are part time. All staff would stay on after a sale.
Owners Role
The owners’ role is hands on and he works five days per week.
Marketing
The owner is currently not implementing any marketing activity and does not have a website.
Competition
As far as competition is concerned there is none in the immediate area.
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 and local and internet advertising.
• Increasing the opening hours to include Sundays and late afternoons.
• 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 property is in a prominent position facing a filling station. The front is branded with an attractive front. The main customer service area is tiled. It is very well presented and is very conveniently laid out. The café has 14 covers. The customer service point is to the rear. There is an overhead menu. To the rear is a store room. There are a toilet and staff facilities and a fully equipped office.
First Floor
On the first floor there is the café, kitchen, toilet and office.
Second Floor
On the second floor there is an apartment which is not included in the lease.
External
To the rear there is a small shared yard.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price.
Financial Details
The present turnover is £88,400 per year with a net profit of £41,000.
The potential turnover of the business within the next 2 years is forecast to reach £128,000 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 Saturday 7am to 1.45pm. Sunday closed
Tenure
The original length of the lease was 5 years with 2.5 years remaining. The rent is £5,400 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £280 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £45,000 (Price Reduced)
Ref: 1632
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: | 1632 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
