Leasehold Cafe And Takeaway In Bristol For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £160,000 pa with a net profit of £27,699 (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 a husband and wife team or business partnership
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides breakfast, lunch and tea. Everything is freshly made on the premises, including delicious home-made cakes. Great value meal deals and rotating daily specials for something different and inspiring. Vegetarian, vegan, gluten, soya and lactose free options are also available. The customer experience is further enhanced with newspapers, free wi-fi and local art on exhibition.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Superbly Located Café & Takeaway in Bristol which has been established since 1960. The business has been in the hands of the current owner since 2010 and she now wishes to sell due to other business interests.

Services
This very good business opportunity provides breakfast, lunch and tea. Everything is freshly made on the premises, including delicious home-made cakes. Great value meal deals and rotating daily specials for something different and inspiring. Vegetarian, vegan, gluten, soya and lactose free options are also available. The customer experience is further enhanced with newspapers, free wi-fi and local art on exhibition.

Staffing
The concern employs 4 part-time and 1 full-time staff. The wages are £47,500 pa.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business in Premier Inn Maps and has a website.

Competition
As far as competition is concerned there are other similar businesses within the area.

Market
The client base consists of local residents, office and retail workers and 200 students from the college which is situated next door to the concern.

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 evening opening with a bistro style menu.
• Increasing the services to include outside catering, buffets and deliveries.
• Becoming more efficient with staffing levels.
• With an enhanced website.

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 £164,791 with a gross profit of £109,000 and a net profit of £27,699. The wages are £47,500. The present value of the stock is £1,500.
The potential turnover of the business within the next 2 years is forecast to reach £230,000 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 20 years with 9 years remaining. The rent is £22,000 pa with a review in 2014. The lease may be renewable or negotiable for longer term if required. The rates are £4,652.

Leasehold rent:

£22000pa per annum

Location:

- Situated in the Queen’s Square area of Bristol.
- Prominent location.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential, offices and student areas with all local amenities.
- High levels of passing trade.
- Good volumes of pedestrian flow.
- Commercially thriving area.
- Well linked with the A4, A38, A370, M32 and M4.
- The Waterfront, Bristol City Centre and Clifton all lie close by.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 600 sq ft. The front is branded with an attractive glass front. The main customer service area is wooden. It is very well presented and is very conveniently laid out.

The café has 36 covers. The customer service point is to the rear. There is a menu on the wall. There are customer toilets.

To the rear is a store room. staff facilities and a fully fitted kitchen.

First Floor
On the first floor there is there is an additional fully equipped kitchen with storage and preparation areas.

Size in square feet:

600sq ft

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 and local and internet advertising.
• Increasing the opening hours to include evening opening with a bistro style menu.
• Increasing the services to include outside catering, buffets and deliveries.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there are other similar businesses within the area.

Reasons for selling:

she now wishes to sell due to other business interests.

Trading hours:

Monday to Friday: 7.30am - 3.30pm.
Saturday to Sunday: 10.00am – 3.30pm

Employees:

The concern employs 4 part-time and 1 full-time staff. The wages are £47,500 pa.

Years established:

51 years

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:

£25,000 (included in the asking price)

Inventory / Stock value:

£1,500