Established Portable Café in London Offering Caribbean-British Cuisine Up For Sale
Relocatable
- Status
UNDER OFFER
- Date Submitted:
27/01/24
- Advert ID
605704
- Reference
GO2319 / Rightbiz
- Call Agent:
- Asking Price: £17,000 (Stock at valuation)
- Turnover: £60,000 (£1,154 Per week)
- Net Profit: £25,000 (42% Profit margin)
Key Features
- Prime Location
- Fully Fitted
- Accounts Available
- Established Business
- Small Business
Business Details
Established Onsite Portable Cafe with captive audience.
Portable Onsite Café
Turnover circa: £40k – 60k
Adjusted Net Profit circa: £12k – 25k
BUSINESS SUMMARY
Business Name: Undisclosed
Location: London
Established: 2020
Type of Business: Café
BUSINESS DESCRIPTION
This business opportunity is a popular, family-run café restaurant located in London on a secure location. Known for its Caribbean take on British classics, the establishment is a firm favourite amongst the various businesses and workers based on site.
PRODUCT/SERVICE OFFERINGS
Cooked Breakfast
Hot Baguette/Sandwiches
Burgers / Kababs
Sausage Rolls
Jamaican Patties
Home Made Pies
Sides
Drinks - A range of soft drinks
Takeaway & Delivery: the business caters for walk-ins and telephone orders but could benefit from offering a delivery service due to the size of the site.
MARKET ANALYSIS
The local area boasts a dense population with a strong affinity for traditional British food and international cuisine. The business has a loyal customer base, owing to its quality of food, location, and service. The business gains a captive audience, being located on a large industrial estate and caters for the some of their 20,800 employees.
FINANCIAL OVERVIEW
Gross Revenue: £45k 2022 - 2023
Net Profit: £11k
EXPANSION OPPORTUNITIES
Delivery: Implementing a delivery service to cater for staff at different areas of the site who have limited break times.
Catering: Catering services for events, parties, and corporate lunches, within the site and other companies locally.
New Menu Items: Introducing new ideas for example vegan and gluten-free options to cater to a wider audience.
Website Development: There is an opportunity to develop and implement a dedicated website with ordering capabilities for click and collect and/or deliveries.
Flexible Opening Hours: Due to the site running 24 hrs a day, 7 days a week, there is opportunity for a night cafe as well as flexible opening hours to suit shift changes.
PREMESIS
The premises is an outright owned 42- foot metal constructed portacabin, with a fully functioning Commercial Kitchen and seating for diners, as well a comfortable setting to get away from a work environment and relax, while on break, as well as outdoor seating. There is also a separate storage facilities extension attached, which could be used as a prep area as well as for stock and equipment. This is located on a large industrial site and as such attracts a captive 24/7 audience from the local workforce. The business also benefits from no utility’s costs.
The vendors, having started the business on site during lockdown with a food van, have made significant improvements to the catering facilities on site by upgrading to a Cafe facility for the staff. The unit offers a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive fit out to date.
Viewing is essential to appreciate the quality of the business on offer.
FINANCIAL INFORMATION
Financial information is available upon request.
FURTHER INFORMTAION
Further information is available by speaking with the us and viewings are strictly by appointment only.
For more information please contact us.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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