| (REF: 1748) Thriving Cafe North London |
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| Seller Reference: |
1748 |
| B4S Reference: |
19314 |
| Asking Price: |
£39,000
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| Net Profit: |
£35,000 |
| Sales Revenue: |
£100,000 |
| Number of Staff: |
3 |
| Established For: |
8 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Palmers Green, North London, United Kingdom |
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Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £100,000 with a net profit of £35,000 (see financial summary below).
- A business with great potential which has not been exploited because the owners wish to re locate.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team or a partnership.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a traditional café menu with hot and cold foods.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well run and popular café which has been established since 2002. The business has been in the hands of the current owner since inception and she now wishes to sell due to re location.
Services
This is a very good business opportunity which provides a basic lunchtime and take-away menu.
Staffing
The concern employs 3 staff members and the wages are £300 per week.
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
As far as competition is concerned there is another similar business around the area.
Market
The client base consists of all types of clients including workers and professionals, students and locals.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings, local and internet advertising.
• Increasing the opening hours to include evenings and Sundays.
• Increasing the product line to include a more extended menu.
• Obtain an alcohol license.
• A partnership would make more profit.
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 25 ft x 50 ft. The front is branded with an attractive glass front. There is a canopy to the front. It is very well presented and is very conveniently laid out.
The café has 38 covers. The customer service point is to the rear. There is an overhead menu. There are customer toilets around the side of the counter.
To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.
External
To the rear there is a garage used for storage.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present turnover is £100,000 per annum with a gross profit of 60% and a net profit of £35,000. The wages are £15,000 pa. The present value of the stock is nominal.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 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: |
Leasehold |
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Lease Terms: |
The original length of the lease was 20 years with 20 years remaining. The rent is £15,000 pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £4,000 pa. |
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Current Rent: |
15,000 pa |
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Living Accommodation: |
No |
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Location: |
- Situated in the Palmers green area of North London.
- Prominent location on very busy main arterial road.
- Part of a large selection of businesses.
- Excellent parking facilities just off main road.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
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As far as competition is concerned there is another similar business around the area. |
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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, local and internet advertising.
• Increasing the opening hours to include evenings and Sundays.
• Increasing the product line to include a more extended menu.
• Obtain an alcohol license.
• A partnership would make more profit.
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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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Owner now wishes to sell due to re location. |
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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: 8.00 am – 4.00 pm.
Sunday: Closed.
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The concern employs 3 staff members and the wages are £300 per week. |
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