 | Cafe North Staffordshire For Sale Staffordshire, United Kingdom Advert ref: C1101 FINANCIAL DETAILS | Asking price: £49,950 Sales revenue: £65,000 Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to present this rejuvenated and refurbished first floor café for sale.
There has been a café on this site for many years. Since taking ownership in 2006, our clients have brought the décor and menu up to a high standard. This is reflected in the consistently busy tables. They offer a full breakfast and lunch menu with children’s and vegetarian options as well as many daily specials. In addition to this, sandwiches can be ordered in advance and an outside catering option is growing well by reputation alone.
There is still potential to expand the outside catering, offer sandwich rounds and directors lunches to large, local companies, and to open during the evenings as a Bistro.
The café has 24 covers located on the first floor, town centre premises. As well as the dining area it offers a serving counter, kitchen and toilet. Rent is £6,000 p.a. with rates just £700 p.a. and a service charge of £319 p.a. The lease expires in 2012 with a break in August 08.
Turnover leading up to Christmas 07 was in excess of £5,000 p.m. and with an increase in prices made at the beginning of 08, the gross margin is very high at 75%.
Our clients have completed some excellent groundwork to get this business back on its feet but are unable to drive it towards its ultimate potential.
Please ask for full details.
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GENERAL INFORMATION | Years established: 10
Employees: 2
Trading hours: Mon-Sat, 9am-4pm
Property: Leasehold
Lease terms
Lease expires 2012 with a review in August 08. Rent is £6,000 p.a. with rates of £700 p.a. and a service charge of £319 p.a.
Location
A first floor premises in the town centre consisting of dining area, counter, kitchen and toilet.
Expansion potential
The outside catering service is in its infancy and can be expanded. Sandwich rounds and directors lunches can be introduced. Evening opening as a bistro with alcohol licence can be introduced.
Competition / Market
There is no direct competition locally for this type of menu.
Support & training
A full handover will be arranged.
Reasons for selling
Change in personal circumstances.
Financing available
Yes, please ask for details.
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The Business Partnership - Shropshire, Staffordshire, South Cheshire and Mid-Wales | | | |
