Busy TOWN CENTRE CAFÉ FOR SALE
Price:
Leasehold - £191,000
Location:
Essex , Town centre, Basildon
Business Type:
Food Service Businesses
The particular highlights of the business are:
- A well established business.
- Positioned in the centre of the local market which operates 4 days a week
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £312000.00 with a net profit of £78000.00. (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 couple or partnership.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation
- The concern provides English Farye, Breakfasts Lunches and Diner.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Cafe which has been established since 1991. The business has been in the hands of the current owner since 2008 and now wishes to sell due to concentrating on another business recently started.
Services
This very good business opportunity provides English Farye, Breakfasts Lunches and Diner..
Staffing
The concern employs 4 part time and 1 full time 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 is another similar business some 200 meters away.
Market
The client base consists of Locals and Shoppers.
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
• Increasing the product line to include Health Foods.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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 £312000.00 with a gross profit of 70% and a net profit of £78000.00. The wages are £52000.00. The present value of the stock is £1500.00
The potential turnover of the business within the next 2 years is forecast to reach £425000.00 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 center area of Basildon in Essex.
- Prominent location in Market Square
- Part of a parade of shops.
- Excellent parking facilities.
- Industrial estates nearby
- 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 A13 and A127 Arterial Roads.
- Area enjoying much growth and regeneration.
- A lifestyle area
- Excellent local demographics for this type of area.
The original length of the lease was 10 years with 7.5 years remaining. The rent is £24300.00 pa with a review in 2.and a half years. The lease may be renewable or negotiable for longer term if required. The rates are £5100.00.
Monday to Saturday 08.00am - 5.00pm
Sunday 10.00am - 4.00pm
On the second floor there is a self contained two bedroom flat.
North Yorkshire
£ 750,000
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