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Established Cafe Bar In Buckinghamshire For Lease

Undisclosed, Buckinghamshire
Leasehold Price:
£75,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
195333
Reference
Ref: 368 / Rightbiz

Details

Established Cafe Bar In Buckinghamshire For Lease

Ref: 368
Location Buckinghamshire, United Kingdom
Asking price £75,000
Sales revenue £61,195
Net profit £20,000
Property:Leasehold

Business description
- Situated in Iver area of Slough in Buckinghamshire
- Prominent location on main arterial road
- Excellent Free parking facilities
- Situated on an industrial estate
- Surrounded by densely populated residential area with schools and other local amenities.
- Commercially thriving area.
- Well linked with the M25,M4 and the M40
- Area enjoying much growth and re generation.
- A lifestyle area
- Excellent local demographics for this type of area.

IBA Limited are delighted to place onto the market this thriving café which has been established since 2003. The business has been in the hands of the current owner since opened and he now wishes to sell due to other business interests

Services
This very good business opportunity provides sandwich’s, baguettes, hot foods, drinks and cakes etc.

Staffing
The concern employs 1 staff, of which 1 are part time. The wages are £9504 pa
.

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 mainly regulars, referrals, recommendations and office workers.

PROPERTY DETAILS (DELETE OR ADD AS NECESSARY)
The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled and shelving and racking to the walls. It is very well presented and is very conveniently laid out.

The café/ restaurant has 18 covers. The customer service point is to the front. 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. OR


EXTERNAL
To the front there is private parking to the front.

EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £2000.

TRADING HOURS
Monday to Friday: 7:00-15:00am
Saturday: 8:00-14:00
Sunday: closed

TENURE (DELETE AS NECESSARY)
The original length of the lease was 10yrs with 2yrs remaining. The rent is £10,000 pa with a review in 2yrs.

The lease may be renewable or negotiable for longer term if required. The rates are £000pa.


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 longer trading hours •

-Working more hands on hours and saving on wages.

-With the introduction of a website and e-commerce.


FINANCIAL DETAILS
The present annual turnover is £61,195 with a gross profit of £35,432 and a net profit of £20,000.
The wages are £9504.

The potential turnover of the business within the next 2 years is forecast to reach £100,000 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.

Business Details (delete as required)
The particular highlights of the business are:
- A well-established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- An easily run operation.
- A good first time buyer’s business and ideal purchase
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides sandwich’s, baguettes, hot foods, drinks and cakes etc.
Seller Details
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Listing Details
Leasehold Price: £75,000
Tenure: Leasehold
Sector: Cafes, Bars, Fast Food Businesses
Financials
Annual Turnover: £61,195
Annual Net Profit: £20,000
Key Features
  • Attractive Business
  • Company for Sale
  • Unique Business
  • High Turnover
  • Established Business
  • Prime Location
Listing Statistics
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