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Advert Details
Thriving Financial Services Business & Internet Cafe For Sale
(Ref: 8952SL)
Berkshire, United Kingdom
Financials
Asking price: £200,000
Sales revenue: £76,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed
Business description
Advent Business Sales are pleased to have been instructed to offer to the market this very popular and lucrative communication centre, with many varying income streams.
The business, which was founded by our client in 1997, is only now being reluctantly offered for sale, as he now wishes to retire.
The income of the business is diversified and is derived from:
• 8 station internet café with all new Dell machines
• Money transfer (Moneygram)
• Cashing Cheques
• Internet café with 8 stations all with new dell machines.
• International phone cards
• E top ups
• Phone booths (3) for phone calls
• Photocopying & faxing services
• Printing
• DHL agency
• Dry cleaners
Four part time employees who all work approximately 20 hours per week each assist the vendor, who works full time.
They achieve excellent annual sales of approximately £76,000, which is supplemented by £4,000 commission from the ATM machine and an additional £19,000 per annum rental income from sub letting the upper floors to a hairdresser and an employment agency.
We are advised that stock at cost is approximately £1000.
Full training will be given by the vendor
REF: 8952SL
Employees: Four part time employees who all work approximately 20 hours per week each assist the vendor, who works full time.
Trading hours: Mon-Sat: 9.30am – 9.30pm, Sun: 10am – 9.30pm
Property: Leasehold
Lease terms
TENURE: Leasehold
Original lease: 25 years
Remaining lease: 18 years
Review every: 5 years
Rent: £18,900 per annum
We are advised that the annual business rates are currently: £800
Living accomodation
BUSINESS PREMISES
Ground floor lock up premises with the added security of a fully operational alarm system and briefly comprising of:
Ground Floor
• External access cash machine
• Centre door into the main part of the business with 8 internet stations and 3 phone booths around the perimeter walls
• Work desk with 2 chairs for customer form filling
• Soft drinks chiller unit
• Rear counter with 3 computers, dry cleaning rail, printer, copier and fax machines
• Rear kitchen area
• W/c and stores
• Back exit
• Attractive laminated flooring throughout
Location
The business is ideally located at the beginning of a very busy town centre and large parade of shops of a very upmarket town in Berkshire. The parade has all manner of businesses, both large and small and includes a takeaway, convenience store, mini cabs, public house, electric appliances, motorbikes and the local unemployment office.
Parking around the town centre is predominately pay and display, though one space is allocated to the store itself.
The town has road links with the M40, M25 and M4 motorways, giving access to the surrounding counties. Nearby towns include Maidenhead, Windsor and Eton.
Expansion potential
The business has enormous potential to increase the already excellent income it enjoys by:
1. Offering a key cutting facility
2. Being a Bureau de Change
3. Having a service to refill ink cartridges for printers
4. PO box facilities
5. Offering hot drinks, ice cream and slush puppies, which should prove popular with the nearby schools
6. Apply for the national lottery
Financing available
Please let us know if you require finance for the purchase of a business.
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