| (REF: 2135) Leasehold Cafe In An Affluent Area Of South East London |
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| Seller Reference: |
2135 |
| B4S Reference: |
26040 |
| Asking Price: |
£39,950
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| Net Profit: |
£20,800 |
| Sales Revenue: |
£62,400 |
| Number of Staff: |
1 |
| Established For: |
3 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Sydenham, South East London, United Kingdom |
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The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £62,000 with a net profit of £20,800. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a Tradition English Café service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Cafe which has been established since 2008. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a Tradition English Café service.
Staffing
The concern employs one part-time member 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 no local competition.
Market
The client base consists of local residents with high volumes 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 and local and internet advertising.
• Increasing the opening hours to include Sunday trading and later afternoon hours.
• 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.
The present annual turnover is £62,400 with a gross profit of 65% and a net profit of £20,800. The present value of the stock is £250.
The potential turnover of the business within the next 2 years is forecast to reach £95,000 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 20 years with 17 years remaining. The rent and rates are combined at a cost of £11,000 pa. The lease may be renewable or negotiable for longer term if required |
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Current Rent: |
11000pa |
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Living Accommodation: |
No |
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Location: |
- Situated in the Sydenham area of South East London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities on the main road.
- 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 A213, A234 and A212.
- Crystal Palace, Penge, Beckenham and Bromley all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
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There is no 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 and local and internet advertising.
• Increasing the opening hours to include Sunday trading and later afternoon hours.
• 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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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: 6.30am to 3pm
Sunday: Closed
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The concern employs one part-time member of staff. |
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