Profitable Leasehold Café & Takeaway In Weybridge Surrey 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 £180,000 pa with a net profit of £50,000 (see financial summary below).
- A business with great potential which has not been exploited because of the owners ill health and he’s unable to dedicate enough time to this business due to his other business interests.
- 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 a similar business looking to expand its portfolio.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a day time traditional café service, in the evening the business provides an eat-in and takeaway service for kebabs, burgers, pizza and chicken.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Very Profitable Leasehold Café & Takeaway which has been established since the 1980’s. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to ill health and other business interests.

Services
This very good business opportunity provides a day time traditional café service, in the evening the business provides an eat-in and takeaway service for kebabs, burgers, pizza and chicken.

Staffing
The concern employs 4 full-timers and the wages are £41,000.

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 with high volumes of passing trade.

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 (see opening hours below).
• Extend evening opening hours to 12am.
• The property can easily be modified with low investment to add additional seating for eat in customers.
• 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.


The present annual turnover is £182,000 with a gross profit of 65% and a net profit of £50,000. The wages are £41,600. The present value of the stock is £2,500.
The potential turnover of the business within the next 2 years is forecast to reach £335,000 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 15 years with 13years remaining. The rent is £14,000 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £1,500.

Leasehold rent:

£14000pa per annum

Location:

- Situated in the Oatlands Drive area of Weybridge in Surrey.
- Prominent location on main arterial road.
- Part of a parade of shops with some 3 units.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A317, A318 and M25.
- Walton-On-Thames, Hersham and Chertsey all lie close by.
- Area enjoying much growth and regeneration.
- 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 250 sq ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is wooden. It is very well presented and is very conveniently laid out.

The café/takeaway has 14 covers internally and 7 externally. The customer service point is to the rear. There is an overhead menu.

To the rear is a kitchen, preparation area and a store room including a good sized walk in freezer. There is a toilet and staff facilities.

Size in square feet:

250sq 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 (see opening hours below).
• Extend evening opening hours to 12am.
• The property can easily be modified with low investment to add additional seating for eat in customers.
• 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:

he now wishes to sell due to ill health and other business interests.

Trading hours:

Café: Tuesday to Friday: 7.00am – 4.00pm
Saturday, Sunday and Monday: Closed

Takeaway: Wednesday to Saturday: 4.00pm – 10.00pm
Sunday, Monday and Tuesday: Closed

Employees:

The concern employs 4 full-timers and the wages are £41,000.

Years established:

31 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:

£30,000 (included in the asking price)

Inventory / Stock value:

£2,500