BUSY LEASEHOLD CAFÉ/ DELICATESSEN IN EPSOM
Price:
Leasehold - £99,950
Location:
Surrey , Town Centre, Epsom
Business Type:
Food Service Businesses, Retail businesses
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 £95,000 with a net profit of £25,418 (see financial summary below).
- A business with great potential which has not been exploited because the owner does not have time to develop the business further due to family commitments.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a partnership or a husband and wife team.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a full café and delicatessen service with a superb reputation for its coffee. They Specialise in Mediterranean and Brazilian products. The concern also has off licence services.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Busy Leasehold Café/ Delicatessen in Epsom 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 family commitments.
Services
This very good business opportunity provides a full café and delicatessen service with a superb reputation for its coffee. They Specialise in Mediterranean and Brazilian products. The concern also has off licence services.
Staffing
The concern employs 1 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, shoppers and high levels 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 including local and internet advertising.
• Increasing the opening hours to include evenings.
• Increasing the product line to include an evening menu.
• Increasing the services to include outside catering and sandwich delivery rounds.
• 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 750 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
The café has 24 covers inside and 6 outside. The customer service point is to the right with an overhead menu and customer toilets.
To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £30,000.
Financial Details
The present annual turnover is £99,378 with a gross profit of £67,240 and a net profit of £25,418. The wages are £140 pw. The present value of the stock is £3,500.
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.
- Situated in the Town Centre area of Epsom in Surrey.
- Prominent location on a main arterial road.
- Part of a parade of shops.
- Excellent parking facilities 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 A24, A240 M3 M25 and B280.
- Leatherhead, Sutton and Chessington all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
The current agreement is a rolling lease. The rent is £15,000 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £500 pa.
Monday to Friday: 8.00 am – 6.00 pm.
Saturday: 9.00 am – 6.00 pm.
Sunday: 9.00 am – 1.00 pm.
North Yorkshire
£ 750,000
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