Café Bar And Restaurant Acton London For Sale

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.
• Three businesses in one.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £5,500 per week with a net profit of £50,000 pa. (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 pursue other business interests.
• An easily run operation.
• Good loyal well trained staff.
• Very good sized premises.

History
Phoenix Business Transfer Agents are delighted to place onto the market this well run café, restaurant and wine bar which has been established since 2000. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to other business interests.

Services
This very good business opportunity provides a traditional English café menu including breakfasts and hot lunches and the restaurant which is separate provides a Mediterranean menu specialising in Turkish and Portuguese food.

Staffing
The concern employs 7 staff. 4 are full time and 3 are part time. The total wages are £1400 per week. All staff would stay on after a sale.

Owners Role
The owners’ role is very hands on and he works full time.

Marketing
The owner markets the business in via leaflet drops and has a website.

Competition
As far as competition is concerned there are other eating venues in the area but the restaurant provides specialty foods which are unique to the business and the café has a very competitive menu.

Market
The client base consists of locals and 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 to include late nights by promoting the bar.
• Increasing the product line to include a more varied menu.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.

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.
Financial Details
The present turnover is £5,500 per week with a gross profit of 65% and a net profit of £50,000. The wages are £1400 per week. The present value of the stock is £1,000 and the fixtures fittings and equipment are worth £100,000.
In 2008, the turnover was £2,000 per week. The potential turnover of the business within the next 2 years is forecast to reach £300,000 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 15 years with 5 years remaining. The rent is £25,000 pa. The rates are £6,700.

Leasehold rent:

£225,000 per annum

Location:

- Situated on main arterial road and part of a very busy row of shops
- Densely populated residential area surrounding the property
- Very commercial area
- Town centre 10 minute walk away
- Huge amount of passing trade.

Premises details:

Property Details
The property is terraced and is part of a parade of shops and is approximately 50ft x 40 ft. The café has 16 spacious covers and various coin machines, tiled flooring and the customer service point is to the rear. The kitchen and toilets are to the back.

The restaurant next door has a real Mediterranean feel to it with 20 covers and a display counter and charcoal grill to the rear.

In the basement are a function room with a bar and pool room. The premises have been renovated to a high standard with over £180,000 being spent on it.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £100,000.

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 late nights by promoting the bar.
• Increasing the product line to include a more varied menu.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.

Competition / Market:

As far as competition is concerned there are other eating venues in the area but the restaurant provides specialty foods which are unique to the business and the café has a very competitive menu.

Reasons for selling:

The business has been in the hands of the current owner since 2008 and he now wishes to sell due to other business interests.

Trading hours:

Monday to Friday – 8am to 11pm. Saturday – 8am to 11pm. Sunday – 9am to 11pm

Employees:

4 full time and 3 part time staff

Years established:

9 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:

£100,000 (included in the asking price)

Inventory / Stock value:

£1,000