Cafes for sale in Walthamstow

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AWARD WINNING, HIGH TURNOVER, TURNKEY, VEGETARIAN CAFÉ, LONDON

Walthamstow, London, England

  • Leasehold Price: £200,000
  • Annual Turnover: £550,000
  • Annual Gross Profit: £382,080
  • Annual Net Profit: £38,304
Seller Reference: 13404
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Business Description
 
 
 
 
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Seller Reference: 13404
Request Details
Business Description
THE OPPORTUNITY

ETS Corporate are pleased to place on the market this high-quality, award-winning vegetarian café based in Walthamstow. It is a turnkey operation with a turnover of around £550,000. It operates under a lease and has huge potential. Both the Owners have started a family and no longer have the time to commit to the business.

UNIQUE SELLING POINTS

• They are known for having the best brunch and coffee in Walthamstow, highlighted by their reviews (over 4.5 stars) and media presence (Sunday Times, TimeOut, Waitrose magazine, Eater, Specialty Coffee/Cafes publications, tourist guides etc.) despite no marketing costs.
• The café is known for consistently exceeding people’s expectations in each “domain”: (a) food, (b) coffee, (c) local drinks (non-alcoholic) and top-quality affordable wines/cocktails, (d) excellent and friendly service, (e) cleanliness as they have a 5-star FSA rating.
• Turnkey operation with a very high turnover sourced from limited opening hours.
• Huge potential for growth.
• Covers a mile radius with no direct daytime competition and minimal direct nighttime competition.
• Huge customer loyalty and repeat business.
• Based in a very large space (both indoor and covered outdoor) that is also great for events
• Favourable lease with a supportive landlord
• Has an alcohol license (11am-11pm)

LOCATION

The business address is Buhler and Co at 8 Chingford Road, E17 5RZ. They are located at the Bell Corner area in Walthamstow, about a 10-minute walk from Walthamstow Central Station. They chose this area as at the time they opened it was an up and coming area with very few brunch establishments. Since then, more people have moved in with discretionary spending and no direct competition has appeared to date.

• It’s at a busy intersection with other boutique shops, hair salons, a tattoo parlour, a sandwich café, a shared workspace, a supermarket, and a pub.
• It’s close to the Waltham Forest Council and Magistrates Courts, so a prime spot for weekday lunchtime trade.
• It’s close to the popular Lloyd Park
• Lots of young families and freelancers living in this residential area who do not commute to work and often go out for lunch/coffees

REASON FOR SALE

Both of the Owners have started families this year and they currently can’t give the business the care and attention it needs to grow. Also, one of them plans to move back to New Zealand in the near future.

MISSION STATEMENT

To enhance the community with an Antipodean style vegetarian cafe, which incorporates four main elements:

• exciting food
• top quality coffee
• a warm and inviting space
• friendly and efficient service

BUSINESS HISTORY

Open daily, Bühler and Co has an outstanding reputation both in Walthamstow where it is based and around London. The café has been voted one of the fifty best vegetarian restaurants in the UK (Sunday Times), is continuously featured in TimeOut and other magazines/guides with reviews over 4.5 stars. An instant success, the café has continued to grow and has become renowned for its fully cooked brunch, homemade cakes, coffee, alcoholic and non-alcoholic drinks. The exciting and innovative menus, quality coffee, excellent and welcoming service draw in a variety of customers, with just as many non-vegetarians as vegetarians going through the door. Set in a light, airy and Scandinavian styled space, it comfortably accommodates 50 to 60 with indoor and outdoor seating. Bühler and Co is the culmination of four years hard work to bring the café culture the Owners grew up with in New Zealand to Walthamstow, but with flavours and an atmosphere that reflects multicultural London.

The company was established on 13th January 2016 and started trading on the 29th March 2016. After the start of trading, they opened evenings between May 2017 and May 2019 (closed due to babies). Deliveroo was established around May 2018 and still on-going during the weekdays.

PRODUCTS SOLD

The full menu is also available at http://www.buhlerandco.com/

• Sourdough toasted with spreads
• House-made granola with seasonal fruit and Greek yoghurt
• Avocado on toast with dukkah, pickled red onion and leaves
• Chocolate French Toast, roast plum, chocolate sauce, Cointreau yoghurt, meringue –
• Scrambled, fried or poached eggs on toast with garlic butter
portobello mushrooms – (GFO)
• Quinoa cakes with smoked cheddar and Buffalo sauce, tender-stem broccoli, pickled red cabbage, chive yoghurt, watercress, poached egg
• Vege fry-up – feta and polenta cake, fried egg (poached on request), halloumi, garlic butter seasonal greens, portobello mushroom, smashed avocado, beef tomato, and paratha
• Roast baby potatoes, pad thai tofu, mange tout, red cabbage, bean sprouts, cashew nuts

A breakdown of the sales is below:

• Counter Food – 6.74 %
• Cold Drinks – 8.59 %
• Hot Drinks – 19.54 %
• Menu Items – 63.96 %
• Retail – 1.17 %

SALES AND MARKETING

The clientele is majority Walthamstow based, but tourists and commuters are also attracted to the café.

Website: http://www.buhlerandco.com/

Social media: Mainly use Instagram with 4816 followers.

The future marketing strategy involves:

• Improvement of social media presence
• Introduction of SEOs (currently none)
• Use of more advertising
• Offers/deals during quiet times to draw in more covers/alcohol consumption

AWARDS

The café has been voted one of the fifty best vegetarian restaurants in the UK (Sunday Times), is continuously featured in TimeOut and other magazines/guides with reviews over 4.5 stars. They have also been awarded Walthamstow’s best café and best coffee as well as 100 best cheap eats in London.

SWOT ANALYSIS

What are the major strengths of the Business?

• Established and renowned within Walthamstow and London
• Size of the space (both indoor and outdoor seating)
• Quality of all products offered
• A reliable, proficient and friendly team

What are the major weaknesses of the Business?

• Lack of sizeable profit
• Lack of marketing

What opportunities are there for your company?

• Re-opening in the evenings would enable increased takings through Deliveroo (they only start delivering at mid-day so currently they only get about 3 hours in and it was much busier when they opened at nights)
• Expanding events catering side of the business
• Increasing sales of alcohol both daytime and night-time
• Make full use of events potential – they have put on jazz nights, hosted exhibitions on the art trail but there is potential to integrate this better within the core business.
• Selling Buhler and Co dry foods, condiments and merchandise (people have asked for Tote bags recently!)
• Offering outside catering
• Replicate the business on other sites

What are the main threats to your Company?

• No real threats. Other places are opening in the area, although none are Antipodean/brunch focused. Also, the demographics in the area has shifted as wealthier residents have moved in so it is unclear whether the latter is a threat given the increasing customer base.

TYPE OF DEALS ACCEPTABLE

The Owners would be more than happy to offer any training and help if required. They are also happy to offer a consultancy period post-sale should it be required. They would prefer an outright sale. They also wish for a share sale to maximise their tax position on sale.

PERSONNEL

There are 13 personnel, of which 5 are full time. There are a head chef and shift managers, a head barista and a kitchen porter. They have excellent systems in place for training staff, dealing with suppliers and ensuring all tasks are completed

TRADING HOURS

Monday – 8am to 5pm
Tuesday – 8am to 5pm
Wednesday – 8am to 5pm
Thursday – 8am to 5pm
Friday – 8am to 5pm
Saturday – 9am to 5pm
Sunday – 9am to 5pm

FINANCIAL DETAILS

2017: Turnover 245,217, Gross Profit 188,586, Operating profit -15,719
2018: Turnover 458,714, Gross Profit 327,066, Operating profit 29,246
2019: Turnover 550,779, Gross Profit 382,080, Operating profit 38,304
Projection for 2020: Turnover 723,799, Gross Profit 492,738, Operating profit 47,674
Projection for 2021: Turnover 876,580, Gross Profit 589,485, Operating profit 68,096
Projection for 2022: Turnover 1,029,361, Gross Profit 686,232, Operating profit 88,517

There is a full asset list available for which total plant and machinery stand at £28,901

PROPERTY

The establishment is in 3 sections. The first section is 3.3m x 8.4m. There is a full window letting in lots of light with a window seat to seat 3 people. There are tables to seat 12 – 16 people. There is a counter with a coffee station and cakes and the kitchen is located behind this. The kitchen/KP and back bar area is 3.3 m x 5.3m. The second section is a covered outdoor seating area with a toilet. This section is 6.1 x 4.8 m and seats up to 20 people comfortably. The third section is a garden room that is 4.8m x 3.3m and seats up to 20 people.

A video of the premises is available: https://www.youtube.com/watch?v=g7I8caqfhKU

TENURE

The business is operated under a lease, which was originally for 5 years with 15 months left and a new or extended lease is available. The rental is £1,500 per month and it is within the 1954 act.

Ref: 13404
Price: £200,000 plus net current assets

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. 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. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.
Trading hours:
Monday – 8am to 5pm Tuesday – 8am to 5pm Wednesday – 8am to 5pm Thursday – 8am to 5pm Friday – 8am t
Number of employees:
13
Tenure:
Leasehold
Support and Training:
The Owners would be more than happy to offer any training and help if required. They are also happy to offer a consultancy period post-sale should it be required. They would prefer an outright sale. They also wish for a share sale to maximise their tax position on sale.
Location Details:
The business address is Buhler and Co at 8 Chingford Road, E17 5RZ. They are located at the Bell Corner area in Walthamstow, about a 10-minute walk from Walthamstow Central Station. They chose this area as at the time they opened it was an up and coming area with very few brunch establishments. Since then, more people have moved in with discretionary spending and no direct competition has appeared to date.
Leasehold Term:
The business is operated under a lease, which was originally for 5 years with 15 months left and a new or extended lease is available. The rental is £1,500 per month and it is within the 1954 act.
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