Shopping Centre Trading Location
**Year End Accounts 31 March 2020**
Annual Turnover £96,848
Annual Gross Profit £68,900
Service Charges Included in Rent
Well Established
Retirement Sale
Well Equipped Throughout
Could Suit A Variety Of Cuisines
REF 6901 – Leasehold Cafe
Blacks Brokers are pleased to bring to the market this leasehold café located within Wood Green Shopping City, Hornsey.
INTRODUCTION
Cafe Villa Dei Fiori was established over thirty years ago and our client took ownership in 1994. The cafe is very well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this shopping centre location. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google.
LOCATION
Cafe Villa Dei Fiori occupies a prominent trading position within a shopping centre with an entrance also available from the main road outside. The area is densely populated commercially with neighbouring businesses including eateries, independent retailers and large multiples such as Boots and Primark. Hornsea Train Station and Alexandra Park are also close by. The area is well linked by the A1 and the A10 with strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
LEASE
The current rent is £464 + VAT per week. The business operates on a licence which is renewed every 2 years with the shopping centre. There is also a storage area available if required - this comes at a cost of £36 + VAT per week.
STAFF
The business operates with four members of staff supporting our client working on a full time basis.
FINANCIAL DETAILS
Cafe Villa Dei Fiori has traded solidly since opening and our client has established a strong customer base. **Year End Accounts 31 March 2020**, Annual Turnover 31 March 2019£98,648 and an Annual Gross Profit 31 March 2019£68,090.
BUSINESS RATES
The business rates payable are £5,272 per annum.
SUMMARY
This long established café is very well known with a strong base of regular customers. There is plenty of scope to develop the business further with the introduction of a delivery service along with the implementation of a website with ordering service and the potential for longer opening hours. There is also scope to introduce a shisha café area within this large café and many opportunities for outside catering in this area for local business working lunches and so on. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
