| (REF: 1913) Superbly Positioned, Busy And Extensive Town Centre Cafe In Somerset |
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| Seller Reference: |
1913 |
| B4S Reference: |
23008 |
| Asking Price: |
£100,000
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| Net Profit: |
£75,000 |
| Sales Revenue: |
£182,000 |
| Number of Staff: |
8 |
| Established For: |
2 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Somerset, United Kingdom |
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Business Details
The particular highlights of the business are:
- An established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £180,000 with a net profit of £75,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- An ideal purchase for a national chain of Coffee Shops.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides gourmet coffees, teas, homemade cakes, all day breakfasts, sandwiches, baguettes, jacket potatoes, a salad bar, delicatessen style platters and ice creams. There is also outside catering and delivery services to local venues and offices. The concern also provides an onsite facility for private functions.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Superbly Positioned, Busy and Extensive Town Centre Café in Somerset which has been established since 2009. The business has been in the hands of the current owner since 2009 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides gourmet coffees, teas, homemade cakes, all day breakfasts, sandwiches, baguettes, jacket potatoes, a salad bar, delicatessen style platters and ice creams. There is also outside catering and delivery services to local venues and offices. The concern also provides an onsite facility for private functions.
Staffing
The concern employs 6 part time and 2 full time members of staff.
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 very little local competition.
Market
The client base consists of local residents/shoppers, office and retail workers and high levels of passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include Saturday evenings and Sunday trading.
• Increasing the services to include free WiFi access.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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, part of a parade of shops and is approximately 3,500 sq ft. The front is branded with an attractive glass front. The main customer service area is carpeted. It is very well presented and is very conveniently laid out.
The café has 70 covers on the ground floor with an additional 60 covers on the first floor function room. The customer service point is to the right. There is an overhead menu. There are customer toilets.
To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.
There is also a lift to the first floor.
First Floor
On the first floor there is a private function room with up to 60 covers and an impressive warren of offices and additional store rooms.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £100,000.
Financial Details
The present annual turnover is £182,000 with a net profit of £75,000. The wages are £52,000 pa. The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £240,000 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.
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.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 10 years with 8 years remaining. The rent is £21,000 pa with a review in 2018. The lease may be renewable or negotiable for longer term if required. The rates are £5,500. |
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Current Rent: |
21,000 pa |
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Living Accommodation: |
No |
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Location: |
- Situated in a busy town centre in Somerset.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A30 and A358.
- Taunton, Yeovil and Lyme Regis all lie close by.
- A lifestyle area.
- Excellent local demographics for this type of area.
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There is very little local competition. |
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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 including local and internet advertising.
• Increasing the opening hours to include Saturday evenings and Sunday trading.
• Increasing the services to include free WiFi access.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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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Ownee wishes to sell due to retirement. |
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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 Friday
Saturday
Sunday
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The concern employs 6 part time and 2 full time members of staff. |
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