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Business for sale in United Kingdom - Ac280-italian caf restaurant with a3 license-holborn, central london

Asking Price: 250,000 £ Real Estate: Lease
Sales Revenue: 366,000 £
Net Profit: 40,000 £
Year Established: 2003
Employees: 7FT, 3PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/Holborn, Central London

Business types:

Accommodation & Food services

Business categories:

Coffee Shops & Cafes ; Other Accommodation & Food Services ; Restaurants

Business description

This well known and busy italian caf restaurant has been trading since 2003. The vendors took over the lease of one unit at this time, from the previous owners who had been also trading as an italian cafe for many years. In 2006, the business took over the lease of the adjoining similar size unit and completed a major refurbishment combining the premises and fitting them out for caf take away service, sit down restaurant with a full late a3 license all under one roof. After this re-fit, the business also started to extend the outside catering services with the capacity of the downstairs kitchen increased. the business has room for 60 covers, and caters to a very populous and affluent area of central london. There is a huge daily repeat customers stopping by on their way to work, and at lunch either for freshly prepared sandwiches, paninis, croissants and an exemplary coffee. For those with a greater appetite looking for a sit down meal, or wishing to have a business meeting in a friendly atmosphere one can order from freshly prepared pizza, pasta and italian cuisine favourites all prepared on-site and to order. There is also a wine list, and bar area with draught beers and cocktails. These prove popular at lunch, and especially for after work drinks. With the flexibility of the premises, and the ability to change the atmosphere of the place to cater for different clientele across the day, the business enjoys many regular busy nights, and has promotions with sporting events shown on large tv screens, which draw in later evening customers. This flexibility allows for busy service all day, which maximizes the potential of the property, that few others in the area can meet. with all this custom, and the reputation for quality food and service at reasonable prices, the business has also a growing outside catering service, offering platters of fresh sandwiches to a wide range of clients across a densely populated area of the city. equipment: upstairs, the business has a number of fridge units, and a large modern serve over counter, with displays of take away food. At the front of the premises is an ice-cream service area. The business also has a large espresso machine, draught beer line, and 2 electronic cash registers, and accepts credit card payments via streamline machines. Downsatirs in the main kitchen food preperation area, there is a large pizza oven, two microwaves, and a hob. The business currently only serves relatively easy to produce italian cuisine food. there are two large fridge freezers, mixers, and all the equipment one would expect in a facility of this size. The food service area is fully air-conditioned, and has cctv through-out. customer service: the business offers high quality customer care from friendly staff, and considers simply that happy customers come back. That simple basis has maintained levels of product and service that guarantee happy customers. This retailer has built its reputation through its commitment to the key balance of high quality and customer value sufficient to exceed all expectations. key strengths: the location of this business is obviously a great asset, as is the reputation of the business which produces high levels of on-going custom, and new visitors from recommendation. That size of the operation, and the flexibility of the premises, allows for a full day service accommodating all customer requests. growth and expansion opportunities: although the premises are being well utilised there is still extensive opportunity for further growth and revenue generation. Currently the menu does not include fresh meat or fish, as the kitchen is not fully prepared for such service. This could easily be added by new owners, and would appeal to a wider client base looking for a full restaurant service. Also, the business currently offers minimal breakfast along a continental theme of coffee and croissants. These could be extended to a top-range cooked breakfast service which would appeal to the passing trade, and offer greater margins. The vendor believes that there is a market for opening on saturday and sunday, although he has declined from doing this thus far to allow for some family time. With a growing outside catering service, and the capacity on-site available, this side of the business could easily be marketed direct, instead of waiting for enquires as present.

Additional information

Additional information: Not Disclosed
Support & training: Full support, training and handover will be provided to the successful purchaser.
Reasons for selling: The vendor is looking to re-locate to his home country in South America with his young family, after many successful years building this business.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Currently the combined rental is around £40,000 per annum, with business rates of circa £12,000 per year.
Location: The business currently occupies around 200 square meters, which is split equally with the top ground floor units of approximately 50 square meters each, and the basement area of a 50 square meters devoted to the kitchen, and 50 square meters for a small office and storage area. The leases of the premises are separately held, one by a local authority and one by a private landlord. They are both 15 years long and fully renewable, with one running until 2013, and the other until 2012. Currently the combined rental is around £40,000 per annum, with business rates of circa £12,000 per year. The premises are fully fitted out with high quality fixtures and fittings, offering a contemporary Italian restaurant feel.

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