LEASEHOLD CAFÉ IN HOLBORN, CENTRAL LONDON
Price:
Leasehold - £79,000
Location:
London, Holborn, Central London
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 £70,000 with a net profit of £20,000. (See financial summary below).
- A business with great potential which has not been exploited because the open hours have not taken full advantage of weekend trade and staffing levels have limited outside catering opportunities. The business also currently closes for 6 weeks every year (in 3 x 2 week closures around Christmas, Easter and Bank Holiday periods)
- An easily run operation.
- A good first time buyers business and ideal purchase for a partnership or a husband and wife team.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides Mediterranean Foods, Salads, Sandwiches and Gourmet Coffee with the addition of a limited service in Outside Catering.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Café in Central London which has been established since 1993. The business has been in the hands of the current owner since 1993 and they now wish to sell due to retirement.
Services
This very good business opportunity provides Mediterranean Foods, Salads, Sandwiches and Gourmet Coffee with the addition of a limited service in Outside Catering.
Staffing
The concern employs no staff and is a family run operation.
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 are other similar businesses within the immediate area.
Market
The client base consists of local and high levels of tourist 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 Saturday and Sunday trading plus Christmas, Easter and bank Holiday periods.
• Increasing the services to include higher levels of outside catering and deliveries.
• Increasing staffing levels.
• 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.
The present annual turnover is £75,000 with a gross profit of 40% and a net profit of £20,000.
The present value of the stock is £800.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 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 Holborn area of Central London.
- Prominent location on a quaint and character pedestrian passage.
- Part of a parade of shops.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of pedestrian flow.
- A commercially thriving and affluent area.
- Well linked with the A401, A4200 and A4.
- Russell Square, Bloomsbury, Great Ormond Street Hospital, High Holborn and Fleet Street all lie close by.
- A lifestyle area.
- Excellent local demographics for this type of area.
The current owners of the business also own the freehold and are offering a brand new 12 year lease. The rent is £20,000 pa with 3 yearly reviews. The rates are £3,000.
Monday to Friday: 8am to 4pm
Saturday and Sunday: Closed
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