Thriving Café In Ashford For Sale

Business description

Business Details
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 £60,000 with a gross profit of £52,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Thriving Café which has been established since 2009. The business has been in the hands of the current owner since inception and now wishes to sell due other business interests.

Staffing
The concern employs 1 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
There is no local competition.

Market
The client base consists of local and passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include Sunday’s and later closing times.
• With the introduction of a website and e-commerce.
• Increasing the commercial side of the business.
• To include a delivery service.

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.

PROPERTY DETAILS
The property is terraced and part of a parade of shops. The front is branded with an attractive glass front. The main customer service area has wooden flooring. It is very well presented and is very conveniently laid out.

The café has 15 covers inside and 32 covers outside. The customer service point is to the side. There is an overhead menu and staff toilets.

To the rear there is a store room and a second kitchen.
There are also 2 parking spaces.

EXTERNAL
To the front there is room for 8 tables.

EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.

FINANCIAL DETAILS
The present annual turnover is £61,000 with a gross profit of £52,000. The wages are £13,000 pa. The present value of the stock is £600.
The potential turnover of the business within the next 2 years is forecast to reach £85,000 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 10 years with 7 years remaining. The rent is £4,800 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £550.

Leasehold rent:

£4,800 pa per annum

Location:

- Situated in the Ashford area of Kent.
- Prominent location near the entrance to a large shopping area.
- Part of a parade of shops within the local shopping centre.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area with many shops and offices.
- Well linked with central London.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and part of a parade of shops. The front is branded with an attractive glass front. The main customer service area has wooden flooring. It is very well presented and is very conveniently laid out.

The café has 15 covers inside and 32 covers outside. The customer service point is to the side. There is an overhead menu and staff toilets.

To the rear there is a store room and a second kitchen.
There are also 2 parking spaces.

EXTERNAL
To the front there is room for 8 tables.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include Sunday’s and later closing times.
• With the introduction of a website and e-commerce.
• Increasing the commercial side of the business.
• To include a delivery service.

Competition / Market:

There is no local competition.

Reasons for selling:

Owner wishes to sell due other business interests.

Trading hours:

Monday to Saturday: 8.00 am – 4.00 pm.
Sunday: Closed.

Employees:

The concern employs 1 member of staff.

Years established:

Established since 2009

Other information

Support & training:

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.

Furniture / Fixtures value:

£10,000 (included in the asking price)

Inventory / Stock value:

£600