| (REF: 1947) Cafe on a Busy Street Market in S.E London Price Reduced |
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| Seller Reference: |
1947 |
| B4S Reference: |
23318 |
| Asking Price: |
£75,000
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| Net Profit: |
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| Sales Revenue: |
£156,000 |
| Number of Staff: |
2 |
| Established For: |
Send enquiry for more details. |
| 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.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £155,000 with a gross profit of £106,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a partnership.
- Business enjoys superb local reputation.
- The concern provides a traditional English menu.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Busy Street Market Cafe which has been established for many years. The business has been in the hands of the current owner since 2007 and now wishes to sell due to other business commitments.
Staffing
The concern employs 2 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 local competition with other cafes and takeaways nearby.
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 evenings.
• Increasing the product line to include pizzas, kebabs and burgers.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a pizza and kebab home delivery service.
• With an 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 and part of a parade of shops on a busy street market. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled and there are up to 56 covers, an open plan kitchen area and a large display. It is very well presented and is very conveniently laid out.
The café has 56 covers. The customer service point is to the rear. There is an overhead menu and customer toilets.
To the rear is a store room, a preparation area with fridges and freezers.
EXTERNAL
To the rear is a small yard and rear entrance.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £15,000.
FINANCIAL DETAILS
The present annual turnover is £156,000 with a gross profit of £106,000. The present value of the stock is £2,000.
The potential turnover of the business within the next 2 years is forecast to reach £190,000 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 lease has over 6 years remaining and will end on the 24/12/2017. The rent is £25,500 pa and the rates are £8,700. |
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Current Rent: |
25,500 pa |
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Living Accommodation: |
No |
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Location: |
- Situated in the South East area of London.
- Prominent location on a South East London Street Market.
- Part of a parade of shops that runs the length of a very busy street market.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- Very high levels of passing trade.
- Good volumes of pedestrian flow.
- Commercially thriving street market.
- Central London is close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
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There is local competition with other cafes and takeaways nearby. |
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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 evenings.
• Increasing the product line to include pizzas, kebabs and burgers.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a pizza and kebab home delivery service.
• With an 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 other business commitments. |
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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: 6.30 am - 4.00 pm. |
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The concern employs 2 members of staff. |
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