| (REF: 1987) Freehold CafÉ With Accommodation In Weston-Super-Mare |
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| Seller Reference: |
1987 |
| B4S Reference: |
24373 |
| Asking Price: |
£300,000
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| Net Profit: |
£35,000 |
| Sales Revenue: |
£156,000 |
| Number of Staff: |
2 |
| Established For: |
8 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Weston-super-Mare, Somerset, 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 £150,000 with a net profit of £35,000 (see financial summary below).
- A business with great potential which has not been exploited because the current owners have not taken full advantage of the opening hours available to the business.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband & wife team, family or partnership.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a traditional English café menu and gourmet coffees in a tastefully decorated environment.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Café with Accommodation in Weston-Super-Mare which has been established since 2003. The business has been in the hands of the current owner since 2003 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides traditional English café menu and gourmet coffees in a tastefully decorated environment.
Staffing
The concern employs 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
As far as competition is concerned there are other similar businesses within a five miles radius.
Market
The client base consists of local residents, high volumes of passing trade and seasonal tourists.
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.
• Increase the opening hours to include Sunday trading.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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 600 sq ft. The front is branded with an attractive glass front. The main customer service area is wooden. It is very well presented and is very conveniently laid out.
The café has 40 covers with the customer service point to the rear. There are customer toilets.
To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.
First Floor
On the first floor there is a two bedroom apartment that is currently used for storage but can easily be converted into living accommodation or an upstairs extension to the café.
External
To the front there is a large paved area which accommodates additional outside seating which is positioned a good distance back from the main road.
To the rear there is a large garden with a shed and two greenhouses.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £20,000.
Financial Details
The present annual turnover is £156,000 with a gross profit of £81,000 and a net profit of £35,000. The wages are £5.93 ph. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £195,000 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: |
Freehold |
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Lease Terms: |
The business is Freehold and the rates are £1,570 pa. |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
On the first floor there is a two bedroom apartment that is currently used for storage but can easily be converted into living accommodation or an upstairs extension to the café. |
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Location: |
- Situated in the Worle area of Weston-Super-Mare in Somerset.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely 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 A370, B3440 and M5.
- Weston-Super-Mare Sea Front, Bristol and Breen all lie close by.
- 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 within a five miles radius. |
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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.
• Increase the opening hours to include Sunday trading.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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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 Wednesday: 8.00 am – 5.00 pm.
Thursday to Friday: 8.00 am – 8.00 pm.
Saturday: 8.00 am – 5.00 pm.
Sunday: Closed
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The concern employs 2 full-time members of staff. |
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