ABC Business brokers are delighted to offer for sale this thriving and highly regarded cafe, located on a busy parade in Harrow, North london
The Premises
Purchased by the current owners last year, ‘The Golden Café’ has been established for many years and has a very loyal customer base that provides regularly consistent turnover. It has been redecorated and run to a very high standard, improving the turnover dramatically. This spacious single fronted café has fixed bench seating and tables to accommodate 40 diners and to the rear the fully tiled kitchen area with stainless steel sinks and tables and extractor unit.
Outside there are numerous free parking places and the distinctive and eye-catching branding, makes it highly visible and ideal to catch passing traffic that often stop on impulse. There is also a front shutter for added security at night and a service road at the rear for deliveries.
Assets include: Curved cool display counter, upright glass-fronted drinks display fridge, electronic cash register, Coffee machine, upright and chest freezers, tall fridge, ‘Toucan’ industrial dishwasher, Gas oven, gas griddle, double fryer, industrial toaster, panini machine, meat slicer and further ancillary equipment. Some of this equipment is under a year old and all is fully owned by the business and included in the sale.
Location
Situated in the London borough of Harrow (Harrow town population 215,000*) the café is in a highly populated, culturally diverse area, right in the centre of Harrow, Stanmore, Edgware and Kingsbury.
The café is on a very busy junction of the A4140 in an ideal position to be noticed by traffic queing to enter the roundabout, and is just five minutes from the A1 and twelve minutes from the M25 (J23). Harrow is a suburb situated 12.2 miles (16.4 km) west northwest of Charing Cross. It is one of the major metropolitan centres identified in the London Plan. The area has good public transport links and is served by the Metropolitan line of the London Underground and also by National Rail services of Chiltern Railways, London Mildland and Southern Trains. Plus there are numerous bus routes throughout the town
*Source: 2007 Mid Year Estimates,ONS
Personnel
3 Full time (including two owners)
Tenure
We are advised that the property has a new 25-year lease with 5 yearly rent reviews.
Rent £14,000pa
Rates £3,800pa
Marketing
The business is surprisingly successful considering it does very little advertising, relying on its reputation, repeat business and word of mouth to maintain its turnover.
Financial Information
According to the owners, turnover has risen in the last year from approx. £1,600 per week to approx. £2,500 per week with a net profit of 35%.
Trading Hours
Monday to Saturday 6.00am – 3.00 pm
Sunday Closed
Potential
The owners run the café to a standard that leaves little room for improvement. However that does not mean that there is no scope for expansion/diversification. Not least in the following areas:
Currently the café closes at 3pm. The turnover could be increased greatly by introducing a late afternoon/evening shift. (the A3 usage is licensed to 11pm).
The business has prospered perfectly well through word of mouth and repeat custom however active marketing should be considered to increase turnover further. This would be especially useful if it coincided with a refit or the introduction of new aspects to the business such as those mentioned above.
Whilst inexpensive to instigate, the ideas above could make an already profitable business into an even more attractive proposition.
Reason For Sale
The two owners have decided to part company and follow separate business interests. This can only be done by selling off the café and starting afresh.
The vendors are more than happy to provide an adequate handover period to provide an opportunity for the new owners to become acquainted with the business, the staff, and the customers, and also to continue the reputation that the cafe has built over the years.
Comments
This business would be an ideal add on for a successful cafe or restaurant chain that wishes to expand through acquisition with the minimum or work involved. It would also provide an excellent opportunity for an individual with or without experience who wishes to strike out on their own without the normal start up risks and the reputation and goodwill that goes with the business already in place. Either way this is a unique opportunity to purchase a popular and thriving business and early discussions are highly recommended.
Price £75,000
The Next Step
If you require any further information or would like an appointment to view the business. Please telephone 0844 561 1806. Viewing is strictly by appointment only, through ABC Business Brokers and no approach whatsoever should me made directly to the vendor.
Early viewing is advised
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