Prominent High Street Position
Alcohol License In Place
Accounts Available Year End 28th February 2021
Accounts Available After Viewing
Annual Turnover £67,198
Gross Profit £30,803
Established 2019
Seating For 27
CCTV Throughout
Presented Beautifully
Comprehensive Website
Active Just Eat, Uber Eats & Deliveroo Accounts
Strong Social Media Following
Exceptional Reputation
Five Star Food Hygiene Rating
Superb Online Reviews
Scope For Longer Opening
Potential To Develop Marketing Drive
EPC - C
REF 7761 – Leasehold Licenced French Restaurant
Blacks Brokers are pleased to bring to the market this leasehold licenced French restaurant located in Oxford, Oxfordshire.
INTRODUCTION
The French Crêpe was established by our client in this affluent area of Oxford in 2019. The business offers a variety of freshly made sweet and savoury crêpes as well as waffles, sandwiches, ice creams and more. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation, five star hygiene rating and superb reviews are noted on Google, Facebook and Just Eat. The French Crêpe has a comprehensive website in place and a good social media following.
LOCATION
The French Crêpe occupies a high street trading position within a parade of shops and offices close to the centre of Oxford. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Sainsbury’s and Tesco. There are also a number of attractions nearby including The University of Oxford, Christ Church Meadow and Oxford Botanic Garden. The area is well linked by the M40 and A34 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is an eleven year lease which began in 2022 at a cost of £538 per week.
STAFF
The business operates with two members of staff in employment supporting our client working on a full time basis.
FINANCIAL DETAILS
The French Crêpe has traded solidly since opening and our client has established a strong repeat customer base. Full financial information is available upon request.
BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
SUMMARY
This well established business occupies an enviable trading position in a sought after and busy area of Oxford. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new menu items and longer opening hours. A new owner could also look to develop a strong marketing drive. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
