Leasehold Café Available in Holmefirth Area of Yorkshire
Price:
Leasehold - £40,000
Location:
West Yorkshire, Holmefirth
Business Type:
Food Service Businesses
The particular highlights of the business are:
- A good first time buyers business.
- A well established business in an ideal location.
- Fully equipped business with favourable lease terms (see below).
- Facilities to offer 25 covers.
-Turnover in excess of £30,000 pa with a net profit of £8,128 (see financial summary below).
- An easily run operation.
- Low rent and rates.
- Very low overheads.
- The concern provides home cooked meals and sandwiches. The meals include curries, pies and southern fried chicken.
History
Phoenix Business Transfer Agents are delighted to place onto the market this café which its great potential has yet to be reached. The cafe was established in 2005. The business has been in the hands of the current owner since 2007 and they now wish to sell due to not having the time required to manage the business.
Services
This very good business opportunity provides the local community with home cooked meals and sandwiches. The meals include curries, pies and Southern Fried Chicken.
Staffing
The concern currently employs 1 person part-time.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner hasn’t carried out any marketing in recent history.
Competition
As far as competition is concerned there is a supermarket with café facilities in the nearby trade area.
Market
The client base consists of members if the public from the surrounding housing estates.
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 product line to include pizzas and deliveries.
• With the introduction of a website and e-commerce.
• Extending the opening hours to include Tuesdays and Wednesdays.
• Obtaining an alcohol license for the premises
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 estimated to be £30,943 with a gross profit of £19,827 and a net profit of £8,128. The present value of the stock is £600.
The potential turnover of the business within the next 2 years is forecast to reach £65,000 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 Holmefirth area of Yorkshire.
- 5 minutes walk from a busy retail road.
- Parking facilities nearby.
- Surrounded by densely populated residential area.
- High levels of passing trade.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
No fixed lease agreement is currently in place. The rent for the premises would be set at £6,000 per year and the rates are currently circa £400.
Thursday – Monday: 08.00am – 13.00pm
North Yorkshire
£ 750,000
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