Leasehold Sandwich Bar CafÉ Takeaway With Massive Potential In Uxbridge For Sale

Business description

Business Details
The particular highlights of the business are:
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £50,000 with a net profit of £20,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner has not had time to develop the business due to other business commitments.
- An easily run operation.
- A good first time buyers business and ideal purchase for a couple or partnership. Ideally people with a passion to succeed in a catering service.
- Low rent and rates.
- Very low overheads.
- Business enjoys a very good local reputation.
- The concern provides a range of freshly made to order sandwiches, burgers, Indian snacks and soft drinks.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Sandwich Bar/Café/Takeaway in Uxbridge which has been established since 2008. The business has been in the hands of the current owner since 2009 and he now wishes to sell due to other business interests.

Services
This very good business opportunity provides a range of freshly made to order sandwiches, burgers, Indian snacks and soft drinks.

Staffing
The concern employs one full time 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 residents, high levels of passing trade, students from the nearby college and office workers.

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 weekday evenings, Saturday and Sunday trading.
• Increasing the product line to include breakfasts, pizza and kebabs.
• Increase the services to include sandwich delivery rounds to local high profile company offices within Uxbridge and nearby Stockley Park. There is also great potential to develop outside catering services.
• A small investment in refurbishment and some kitchen equipment of circa £15,000 could easily transform the business into a highly lucrative concern.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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 Details
The property is terraced and is approximately 500 sq ft. The front is branded with an attractive glass front. The main customer service area is fitted with a non slip surface. It is very well presented and is very conveniently laid out.

The Sandwich Bar/Café/Takeaway has 12 covers internally and can accommodate some additional outside seating. The customer service point is to the rear. There is an overhead menu. There are customer toilets.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £2,000.

Financial Details
The present annual turnover is £52,000 with a gross profit of 70% and a net profit of £20,000. The wages are £230 p/w. The present value of the stock is £200.
The potential turnover of the business within the next 2 years is forecast to reach £156,000 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 5 years with 4 years remaining. The rent is £12,000 pa with a review in 2015. The lease may be renewable or negotiable for longer term if required. The rates are £860 pa.

Leasehold rent:

£12,000 pa per annum

Location:

- Well situated on the Park Road area of Uxbridge in Middlesex.
- Prominent location on main arterial road.
- Excellent parking facilities in front of the store.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools, colleges, offices and local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A40, M40, A408 and A4020.
- Uxbridge Town Centre, Gerrards Cross, Pinewood Studios and Stockley Park all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and is approximately 500 sq ft. The front is branded with an attractive glass front. The main customer service area is fitted with a non slip surface. It is very well presented and is very conveniently laid out.

The Sandwich Bar/Café/Takeaway has 12 covers internally and can accommodate some additional outside seating. The customer service point is to the rear. There is an overhead menu. There are customer toilets.

Size in square feet:

500 sq 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 including local and internet advertising.
• Increasing the opening hours to include weekday evenings, Saturday and Sunday trading.
• Increasing the product line to include breakfasts, pizza and kebabs.
• Increase the services to include sandwich delivery rounds to local high profile company offices within Uxbridge and nearby Stockley Park. There is also great potential to develop outside catering services.
• A small investment in refurbishment and some kitchen equipment of circa £15,000 could easily transform the business into a highly lucrative concern.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

Owner wishes to sell due to other business interests.

Trading hours:

Monday to Friday: 9.00 am – 6.00 pm.
Saturday and Sunday: Closed.

Employees:

The concern employs one full time member of staff.

Years established:

3 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:

£2,000 (included in the asking price)

Inventory / Stock value:

£200