| (REF: 2051) Coffee And Sandwich Shop On Busy High Street |
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| Seller Reference: |
2051 |
| B4S Reference: |
25447 |
| Asking Price: |
£129,995
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| Net Profit: |
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| Sales Revenue: |
£114,000 |
| Number of Staff: |
5 |
| Established For: |
2 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Ventnor, Isle of Wight, United Kingdom |
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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 £110,000 with a high gross profit. (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 couple.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides coffee/teas/sandwiches/light meals.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very busy coffee/Tea shop which has been established since 2009. The business has been in the hands of the current owner since 2009 and now wishes to sell due to retirement.
Services
This very good business opportunity provides Coffee/Teas/Sandwiches/Light Lunches, Cakes all fresh each day.
Staffing
The concern employs 5 part timers.
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 some in the area.
Market
The client base consists of locals and tourist.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include early morning and later afternoons.
• Increasing the product line to include cooked meals and change to A3 use.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Include more contract catering and outside catering.
• 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.
The present annual turnover is £114,000 with a gross profit of 70%. The wages are £1600 pa. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £160,000 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 5 years with 1 years remaining. The rent is £6400 pa with a review in 1 year. The lease may be renewable or negotiable for longer term if required. The rates are £2000. |
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Current Rent: |
6400pa |
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Living Accommodation: |
No |
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Location: |
- Situated in High Street area of Ventnor on the I.O.W.
- Prominent location on main arterial road.
- Part of a parade of shops of the main shopping centre.
- Excellent parking facilities.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the all the Island by bus.
- Area enjoying much growth and re generation.
- A lifestyle area and tourist area.
- Excellent local demographics for this type of area.
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As far as competition is concerned there is another similar business some in 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 and local and internet advertising.
• Increasing the opening hours to include early morning and later afternoons.
• Increasing the product line to include cooked meals and change to A3 use.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Include more contract catering and outside catering.
• 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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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 8.30 to 3.00
Sunday closed
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The concern employs 5 part timers.
The owner is involved in the day to day running of the business. |
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