| (REF: 1933) Busy Café in S.E London Price Reduced |
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| Seller Reference: |
1933 |
| B4S Reference: |
23201 |
| Asking Price: |
£95,000
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| Net Profit: |
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| Sales Revenue: |
£145,000 |
| Number of Staff: |
2 |
| Established For: |
40 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, South East London, United Kingdom |
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Business Details
The particular highlights of the business are:
- A well established business for over 40 year.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £145,000 with a gross profit of 68% (see financial summary below).
- A business with great potential.
- An easily run operation with 2 good loyal well trained staff that will stay on.
- A good first time buyers business and ideal purchase for couple.
- Low rent and rates for this area.
- Business enjoys superb local reputation.
- The concern provides traditional English breakfast menu.
History
Phoenix Business Transfer Agents are delighted to place onto the market this busy café which has been established for over 40 years. The business has been in the hands of the current owner for 10 years and now wishes to sell due to retirement.
Staffing
The concern employs 2 part time 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
As far as competition is concerned there are other similar businesses close by.
Market
The client base consists of locals and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with local and internet advertising.
• Increasing the opening hours to include later closing times and Sundays.
• Increasing the menu to include more varied foods.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• Increase in pricing, there has been no price increase for some time.
• Possible alcohol license.
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 15 ft x 30 ft. There is a service area with a large kitchen and preparation area. There is a small store room, large basement and a staff changing room.
The front is branded with an attractive glass front. There are electric shutters and a CCTV system.
The main customer service area is tiled and is very conveniently laid out. The kitchen and preparation area is all stainless steel and well presented.
The café has 48 covers with the customer service point to the rear.
There is an overhead menu, customer toilets, staff facilities and a fully equipped kitchen.
FIRST FLOOR AND SECOND FLOOR
There are three bedrooms, a kitchen and bathroom with access to the rear of the building.
The current rental income from the flat is £21,000 pa.
EXTERNAL
To the rear is a small yard.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £15,000.
FINANCIAL DETAIL
The present annual turnover is £145,000 with a gross profit of 68%. The present value of the stock is £2,000.
The potential turnover of the business within the next 2 years is forecast to reach £210,000 pa given the changes that are required to be made to the business. There is currently a rental income from the flat above of £21,000 pa.
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 20 years with 12 years remaining. The rent is £22,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £7,000. |
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Current Rent: |
22,000 pa |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
There are three bedrooms, a kitchen and bathroom with access to the rear of the building.
The current rental income from the flat is £21,000 pa. |
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Location: |
- Situated in South East London.
- Prominent location.
- Part of a parade of shops which is the local shopping area.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by well populated residential area with schools and other local amenities.
- Very high levels of passing trade.
- Very good volumes of traffic and pedestrian flow.
- Commercially thriving area of South East London with many shops and offices nearby.
- Well linked with the central London train line.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area. |
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As far as competition is concerned there are other similar businesses close by. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with local and internet advertising.
• Increasing the opening hours to include later closing times and Sundays.
• Increasing the menu to include more varied foods.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• Increase in pricing, there has been no price increase for some time.
• Possible alcohol license.
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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 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 Saturday: 6.00 am to 4.00 pm.
Sunday: Closed.
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The concern employs 2 part time staff.
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