Leasehold Cafe & Restaurant In Walton On Thames For Sale

Business description

The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £97,000 pa with a net profit of £47,500. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to purchase a bigger business. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- This business opportunity provides breakfasts, sandwiches, lunches, baguettes, wraps, cakes and beverages.

History
Agents are delighted to place onto the market this leasehold café restaurant which has been established since 2010. The business has been in the hands of the current owner since inception and they now wish to sell due to wanting a bigger business.

Services
This very good business opportunity provides breakfasts, sandwiches, lunches, baguettes, wraps, cakes and beverages.

Staffing
The concern employs 1 part time member of staff. They are paid at the rate of £6.10 per hour. The total wage bill is £3,806.

Owners Role
The owners’ role is managing and working in the concern and works full time.

Marketing
The owner does not market the business and does not have a website.



Competition
As far as competition is concerned there are two businesses less than a quarter of a mile away but does not effect the trade of the business.

Market
The client base consists of local and business people.

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.
• With the introduction of a website and e-commerce.

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 information

Property:

Leasehold

Lease terms:

The original length of the lease was 5 years with 16 years remaining. The rent is £8,800 pa with a review every 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £1,200.00.

Leasehold rent:

£8800pa per annum

Location:

- Situated in Bridge Street area of Walton – On - Thames in Surrey.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Surrounded by well / densely populated residential area with schools and other local amenities.
- Local population consists of local and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A3050, B369 and good railway links.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 20ft x 16 ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tile. It is very well presented and is very conveniently laid out.

The café/ restaurant has 17 covers. The customer service point is to the rear. There is an overhead menu. There are customer toilets.

To the rear is a store room, toilet, staff facilities and a fully equipped kitchen

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.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there are two businesses less than a quarter of a mile away but does not effect the trade of the business

Reasons for selling:

they now wish to sell due to wanting a bigger business.

Trading hours:

Monday to Saturday – 07.30am - 5.00pm
Sunday - Closed

Employees:

The concern employs 1 part time member of staff. They are paid at the rate of £6.10 per hour. The total wage bill is £3,806

Years established:

2 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:

£6,000 (included in the asking price)

Inventory / Stock value:

£500