Ideally Located Café In Central London For Sale - South Kensington, London, United Kingdom

Asking price: £135,000

Sales revenue: £145,600

Fixtures value: £NaN

Business description: The particular highlights of the business are: • The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered. • Superb location • A well established business. • Excellent regular and passing trade. • Fully equipped business with favorable lease terms (see below). • Turnover in excess of £140,000. (See financial summary below). This is very impressive considering the credit crunch. • A business with great potential which has not been exploited because the owners have other business interests. • An easily run operation which is fully staffed and managed. • Good loyal well trained staff. • A good first time buyers business which would suit an owner/operator. Phoenix Business Transfer Agents are delighted to place onto the market this café and sandwich bar which has been established since 2007. The business has been in the hands of the current owners since July of 2009 and they now wish to sell to concentrate on other business interests. They purchased the business as an investment but have had problems with staffing. This very good business opportunity provides hot and cold drinks including smoothies and a selection of foods including sandwiches and baguettes to eat in or take away. All products are freshly made on site. The concern employs 4 staff. 2 are full time and 2 are part time. All staff would stay on after a sale. The owners’ role is part time and he manages the business. The owner markets the business via leaflets and the internet as well as with loyalty cards. As far as competition is concerned there are many other eating places in the area. The client base consists of locals, workers and office staff and tourists and passing trade. The concern has huge potential. In particular the turnover and profits can be increased by: • Increasing the marketing activity and internet advertising. • Increasing the opening hours to include evening opening hours. • Increasing the product line to include more food products. • Becoming more efficient with staffing levels and operating as a sole trader. The owner would be available for a business familiarisation period of one week 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. Financial Details The present turnover is £2,800 per week with a gross profit of 64%. The potential turnover of the business within the next 2 years is forecast to reach £200,000 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.

Years established: 1 year with current owner

Employees: 2 full time & 2 part time staff

Trading hours: The business operates from Monday to Sunday between 7am and 7 pm.

Property : Leasehold

Lease terms: The original length of the lease was 7 years with 7 years remaining. The rent and rates are £32,000 pa with a review in 2 years.

Location: This business enjoys a fantastic location. It is situated in South Kensington in London within Cromwell Place. It forms part of a very busy parade of businesses that enjoy huge volumes of foot flow and it is near to a very well used bus stop. The Natural History Museum and the Royal Albert Hall as well as other major attractions all lie close by. This is a prime location. There is a huge opportunity for passing trade.

Expansion potential: The concern has huge potential. In particular the turnover and profits can be increased by: • Increasing the marketing activity and internet advertising. • Increasing the opening hours to include evening opening hours. • Increasing the product line to include more food products. • Becoming more efficient with staffing levels and operating as a sole trader.

Competition / Market: As far as competition is concerned there are many other eating places in the area.

Support & training: The owner would be available for a business familiarisation period of one week 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.