LICENCED LEASEHOLD CAFE, SIDCUP, KENT
Price:
Leasehold - £49,995
Business Type:
Food Service Businesses
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £119,600 pa with a net profit of £16,146. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- The business provides breakfasts, coffee, tea, lunch, brunch and has a drinks licence.
History
Phoenix Business Transfer Agents are delighted to place onto the market thriving, attractive refurbished licensed café with A3 use which has been established since 2003. The business has been in the hands of the current owner since September 2011 and he now wishes to sell due to health reasons.
Services
This very good business opportunity provides breakfasts, coffee, tea, lunch, brunch and has drinks licence
Staffing
The concern employs 1 part time member of staff. They are paid at the rate of £6.10 per hour. The total wage bill is £5,720. Staff would stay on after a sale.
Owners Role
The owners’ role is managing and working in the concern full time.
Marketing
The owner does not market the business and does not have a website.
Competition
As far as competition is concerned there is a similar business about 1 mile away.
Market
The client base consists of local community and business persons
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 evenings.
• 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.
- Situated in high street area of Sidcup in Kent.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A20, A222, A2001 A211 and good railway links.
The original length of the lease was 20 years with 10 years remaining. The rent is £27,000 pa with a review in 3 yrs. The lease may be renewable or negotiable for longer term if required. The rates are £6,000.
Monday to Friday – 08.00am to 4.00pm
Saturday – 08.00am to 4.00pm
Sunday - Closed
North Yorkshire
£ 750,000
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