INTERNET CAFÉ HIGH STREET ACTON LONDON PRICE REDUCED
Price:
Leasehold - £22,000
Business Type:
Food Service Businesses
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 although a lump sum sale would be more favorably considered.
- Situated on very busy main road.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- A staff operated business with very little input from owner.
- Turnover in excess of £40,000 with a net profit of £10,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner has other business interests.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well operated Internet cafe which has been established since 2005. The business has been in the hands of the current owner since 2005 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides an internet café and shisha bar.
Staffing
The concern employs 1 staff. She is full time and is paid £300 per week.
Owners Role
The owners’ role is very passive and he covers for the member of staff when required.
Marketing
The owner does no marketing for the business.
Competition
As far as competition is concerned there are other similar businesses in the area.
Market
The client base consists of locals and some 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 late nights.
• Increasing the product line to include more products. There is only a basic menu offered at the moment.
• Becoming more efficient with staffing levels and operate the business as a sole trader.
• Promote the shisha bar which is only a recent addition to the business.
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 total size of the unit is about 35ft x 50 ft. There is a large covered area to the front with space for up to 16 covers which is used for the shisha bar. To the rear are the service counter and 8 computer stations as well as the café area. There are also 4 covers within this area. There are staff facilities further to the rear.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present turnover is £40,000 per annum with a gross profit of 90% and a net profit of £10,000. The wages are £15,000. The present value of the stock is £1,000 and the fixtures fittings and equipment are worth £10,000.
In 2008, the turnover was £40,000. The potential turnover of the business within the next 2 years is forecast to reach £100,000 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.
This business is situated on the A 4020 main High street of Acton, in London. This is a very busy road with huge commercial activity and much traffic and passing trade. There is a very densely populated area surrounding the business. Significantly there is a Morrison superstore opposite with free parking.
The original length of the lease was 20 years with 20 years remaining. The rent is £18,000 pa with a review in 5 years. The rates are £2,700 pa.
Monday to Saturday: 9am to 9pm
Sunday: 11am to 9pm
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