Coffee & Deli Bar In Derby For Sale

Business description

HISTORY

• The business has been trading successfully from the current location and from the same premises for the past three years.

REASON FOR SALE

• Our clients have several other unrelated business ventures, thus putting pressure on their time. Hence they have decided to sell and are disposing at a very realistic expectation.

FINANCIALS

• The vendor has informed us that weekly takings average £6,500.
• Gross margin in the region of 75%.
• The owners have detailed financial records that can be viewed after a meeting has been conducted.

PRODUCTS & SERVICES

The business provides the following menu:
• Seasonal coffees
• Organically grown coffees
• Espresso beans are roasted each week
• Beans for home are available in store
• Cold drinks
• Sandwiches made fresh to order and with locally sourced ingredients where possible
• Breakfasts
• Toasties & ciabattas
• Soup & salads
• Crusty cobs & baguettes
• Wi-fi facilities are provided

CUSTOMERS

• The owners have built up the business with a loyal and regular customer base of between 1,300
• and 1,500 on average per week. This, along with the high levels of passing trade make the premises an ideal place to sit down, relax and enjoy some of the beautiful, seasonal Finca La Fany espresso and some of the freshly made food after or during a hard days shopping.
• It is an excellent destination shop


HAND OVER

• The owners are willing to conduct a detailed hand over period and will assist the new owner with support, advice and guidance.

SUMMARY

• A retail unit in such a prime trading site rarely comes to market.
• It has been recently refurbished at a large expense.
• The business is currently running on management.
• New owners working the business will increase sales and profits by offering more hot food, baking in house and offering outdoor catering services.
• Staff are employed on zero contract hours allowing a new owner the opportunity to immediately increase net profits with a reduction in the weekly wage bill.
• The owners are realistic in their expectations for the value of the business.
• The business is in great shape to be taken to the next level








DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Leasehold

Location:

• Our client is located in probably one of the most sought after city centre positions in Derby.
• The site has an enormous footfall within the main and highly prestigious shopping centre, which consists of all the main High Street retailers, both national corporate chains and upmarket independent retailers, totalling almost 180 retailers.

Premises details:

• A modern retail unit, which has been fully refurbished on the ground floor with a substantial investment from the owners.
• The fixtures and fittings are of a high standard, which creates a relaxed atmosphere with tables and sofas.
• The store has been designed in line with a family store providing a truly personal experience, differentiating its independence from national chains

Business Operation

Expansion potential:

• An owner operator or working husband and wife team would be able to increase sales, reduce salaries and increase the bottom line
• Providing hot food and meals, and perhaps employing a chef together with an outside catering service would boost revenues.
• In-house baking would increase margins significantly, as at present most products are purchased.

Trading hours:

• As centre opening times
• There is an opportunity to open longer to catch the commuting trade

Employees:

• The retail store is operated by a manager together with a range of staff on zero contract hours. • The owners do not get involved in the day to day running

Other information

Support & training:

• The owners are willing to conduct a detailed hand over period and will assist the new owner with support, advice and guidance.