| (REF: 1625) Highly Lucrative Freehold Cafe & Commercial Premises In Mitcham |
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| Seller Reference: |
1625 |
| B4S Reference: |
17054 |
| Asking Price: |
£1,200,000
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| Net Profit: |
£78,000 |
| Sales Revenue: |
£189,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Mitcham, Surrey, |
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The particular highlights of the business are:
- The freehold has two businesses leasing space on the premises guaranteeing an instant income of £33,000 per annum.
- The very busy and highly profitable café is included in the sale which could be operated by the buyer or sold on again as a going concern bringing in an additional rental yield of £19,500+ per year.
- The building has great investment value due to its size and location.
- 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 £185,00 with a net profit of £78,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential to increase profitability.
- An easily run operation.
- A great business opportunity for an investor.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very lucrative freehold café and commercial premises which has been established since1970. The business has been in the hands of the current owner since 2000 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a full English style café with income from two other businesses who lease from the freeholder and the outstanding value of an extensive property in a town centre shopping area on a main artery road in Greater London.
Staffing
The concern employs four staff. Three are full time and one is part time. The full time members of staff are the vendor and his family and wont be staying on after sale.
Owners Role
The owners role is hands on and he works five days per week
Marketing
The is not currently involved in any marketing activity and does not have a website.
Competition
As far as competition is concerned there are various food outlets in the area which helps to attract more diners to that area of the town centre
Market
The client base consists of local shoppers and high levels of through traffic
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 late afternoons and evenings.
Improve point of sale displays and menus
Becoming more efficient with staffing levels.
With the introduction of a website and e-commerce.
With an enhanced website.
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. The front is branded with an attractive glass front. There are electrical shutters. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
The café/ restaurant has 36 covers. The customer service point is to the rear. There is an overhead menu. There are customer toilets.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price.
First Floor
On the first floor there are two retail units including the cafe.
Second Floor
On the second floor there is a dental surgery spanning across both retail units below with its own independent access.
Financial Details
The present turnover is £189,000 per annum with a gross profit of £103,000 and a net profit of £78,000. The present value of the stock is £SAV.
The potential turnover of the business within the next 2 years is forecast to reach £245,000 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.
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Property: |
Freehold |
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Living Accommodation: |
No |
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Location: |
- Situated in the town centre area of Mitcham in Surrey
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Industrial estates nearby
- Surrounded by 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 A236 and A217 with good railway links.
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As far as competition is concerned there are various food outlets in the area which helps to attract more diners to that area of the town centre |
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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 late afternoons and evenings.
Improve point of sale displays and menus
Becoming more efficient with staffing levels.
With the introduction of a website and e-commerce.
With an enhanced website.
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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 Saturday 6.30am to 4.00pm
Sunday 8am to 3pm
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The concern employs four staff. Three are full time and one is part time. The full time members of staff are the vendor and his family and wont be staying on after sale. |
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