PROFITABLE LEASEHOLD CAFÉ IN TOTTENHAM
Price:
Leasehold - £99,950
Location:
London, Tottenham
Business Type:
Food Service Businesses
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 £120,000 with a net profit of £31,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a Traditional English Café with the addition of Roast Dinners and Salads.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Profitable Leasehold Café which has been established since 1980. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a Traditional English Café with the addition of Roast Dinners and Salads.
Staffing
The concern employs one full-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
As far as competition is concerned there is another similar businesses in the area close to the stadium.
Market
The client base consists of local residents, passing trade and high volumes of match day customers.
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 Sunday trading.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a 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 £124,000 with a gross profit of 65% and a net profit of £31,000. The wages are £320 pw. The present value of the stock is £1,500.
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 Tottenham in North London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates 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 A1010, A10, A1055 and A406.
- White Hart Lane Stadium, Alexandra Palace, Wood Green and Enfield all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Monday to Friday: 7am to 5pm
Saturday: 7am to 4pm
Sunday: Closed
Monday to Friday: 7am to 5pm
Saturday: 7am to 4pm
Sunday: Closed
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