WELL PRESENTED ITALIAN ESPRESSO COFFEE BAR   Ref: RES 12      

Superb, Italian espresso coffee bar, tastefully decorated and in unopposed location. Excellent local reputation and loyal customer base yet potential for increased turnover with increased hours and marketing.

Location
This superb coffee bar has a prime trading position in a parade of shops on the edge of Enfield Highway, which enjoys heavy pedestrian and motorist traffic flow. Large offices, shops and vast private housing surround the business plus a large secondary school with 600 pupils and staff is close by. Various bus routes passes the doorsteps and British Rail station is few minutes walking distance away. The Business has good visibility and plenty of customer parking in front.

Premises
The premises are single fronted, lock up unit. We are informed that the current rent is £8,000 pa and the rates are £1450 pa. It has a ten-year lease, with nine remaining and a review at five years. The premises have an electric shutter to the front.

Business
The owner started with an empty shell with A3 use, and has spent a considerable sum designing and equipping the café just over a year ago. There are currently seven tables inside and two on the pavement outside. In our client’s ownership it has enjoyed an excellent local reputation, offering varied high quality fare served in pleasant surroundings with a welcoming atmosphere. The café specialises in traditional Italian pasta dishes, fine pastries, patisseries, savouries, Paninis and baguettes. There are also a range of Italian delicatessen products for sale to take home.

Assets
Most of the fixtures and fittings and kitchen equipment were bought new when the business started a year ago. Assets include: a cold counter espresso machine panini grill, and fully fitted and tiled kitchen with new ventilation system.

Turnover
According to the owner the business currently turns over approx. £1,800pw with a 60% GP.
                                                                                   
Potential
The business hours are 9am to 4pm Monday to Friday and 10am to 4pm Saturday. There is clearly potential to open later into the evening and on Sundays, as there is nothing similar to this business in the vicinity. Also a lunchtime delivery service could be a valuable add on.

Personnel
The business is currently run by the owner with one other full-time and two part-time staff.

Reason For Sale
The owner is relocating away from the business territory.

 

Price               £70,000                                                     Funding can be arranged.

 

Please call 0844 561 1806 if you require more information or to view the business.

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