| (REF: 1496) Cafe And Portuguese Restaurant Central Bournemouth Price Reduced |
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| Seller Reference: |
1496 |
| B4S Reference: |
15126 |
| Asking Price: |
£49,950
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| Net Profit: |
£15,000 |
| Sales Revenue: |
£65,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
14 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Bournemouth, Dorset, United Kingdom |
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The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- 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 £65,000 with a net profit of £15,000. (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 re locate abroad.
- An easily run operation.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this café and Portuguese restaurant which has been established since 1996. The business has been in the hands of the current owner since 2002 and he now wishes to sell due to re location.
Services
This very good business opportunity provides a quality and vibrant café by day and an atmospheric and traditional Portuguese food experience by night.
Staffing
The concern employs 0 staff. It is owner run.
Owners Role
The owners’ role is very hands on and he works full time along with his wife.
Marketing
The owner does no marketing for the business.
Competition
As far as competition is concerned there is no local competition for the type of cuisine.
Market
The client base consists of locals and the local Portuguese community as well as passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
•The business needs proper marketing and the day time trade could easily be increased by marketing to local offices.
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.
Financial Details
The present turnover is £65,000 per annum with a gross profit of £70% and a net profit of £15,000. The wages are £0. The present value of the stock is £3,000 and the fixtures fittings and equipment are worth £10,000.
In 2008, the turnover was £95,000. The potential turnover of the business within the next 2 years is forecast to reach £120,000 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.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 21 years with 14 years remaining. |
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Current Rent: |
The rent is £14,000 pa with a review in 3 years. The rates are £2,900. |
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Living Accommodation: |
No |
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Location: |
This business is located in the centre of Bournemouth. It is within a busy commercial part of the town with many local businesses nearby. The premises have a prominent presence on the main road which has very large volumes of traffic. Bournemouth itself has a very vibrant and mixed local community and a thriving tourist trade. It offers an exceptional lifestyle. |
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As far as competition is concerned there is no local competition for the type of cuisine. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• The business needs proper marketing and the day time trade could easily be increased by marketing to local offices.
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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.
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Sunday: 9am and 3pm and 6pm and 10pm. |
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