Well Presented Cafe In Vauxhall London Price Reduced | | Lambeth London | | Phoenix Business Agents are delighted to place onto the market a well presented cafe which has been established since 1961. The business has been in the hands of the current owner since 2004 and he now wishes to sell due to personal reasons. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69100
ADVERT IMPRESSIONS : 8,196 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | ASKING PRICE: | £110,000 | LEASEHOLD: | £110,000 | ANNUAL RENT: | £6500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Vauxhall area of South Lambeth in London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of business persons, tourists and local community.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A24, and good railway links.
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 £114,400 pa with a net profit of £20,000 (See financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- The concern provides provides breakfast, lunch, dinner and non-alcoholic drinks.
History
Phoenix Business Transfer Agents are delighted to place onto the market a well presented cafe which has been established since 1961. The business has been in the hands of the current owner since 2004 and he now wishes to sell due to personal reasons.
Services
This very good business opportunity provides breakfast, lunch, dinner and non-alcoholic drinks.
Staffing
The concern employs 2 full-time staff and 2 part-time staff and the wages are £47,100.
Owners Role
The owners’ role is to oversee the business full-time.
Marketing
The owner no longer markets the business and does not have a website.
Competition
As far as competition is concerned there is a similar business half a mile away but this does not affect the business
Market
The client base consists of business persons, local community and tourists.
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.
• 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 and is part of a parade of shops and is approximately 40ft x 14 ft. The front is branded with an attractive glass front. There are manual shutters. It is very well presented and is very conveniently laid out.
The café has 24 covers. The customer service point is to the rear. There is an overhead menu. There are customer toilets.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
External
To the front there is controlled parking
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £40,000.
Financial Details
The present turnover is £114,400 pa with a gross profit of £48,600 and a net profit of £20.000. The wages are £47,100. The present value of the stock is £6,000.
The potential turnover of the business within the next 2 years is forecast to reach £180.000 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 –7.00am – 4.00pm
Sunday - Closed
Tenure
The original length of the lease was 12 years with 5 years remaining. The rent is £6,500.00 pa with a review every 4 years. The lease may be renewable or negotiable for longer term if required. The rates are £600.00
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £110,000
Ref: 2374
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: | 2374 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
