Accommodation & Food services

Restaurants

Advent Business Sales is pleased to have been instructed to offer to the market this exceptionally well established deli and coffee bar with excellent future potential. The business, which was founded in 1952 has been in the careful hands of the current vendors for over 24 years and is only now being reluctantly offered for sale to enable them to pursue an unrelated business venture. The deli offers a large and comprehensive product range including: • Cheeses • Cooked meats • Oils, herbs and spices • Biscuits • Jams and marmalades • Soft drinks • Ice cream • Dried convenience foods and wines The deli has a quite outstanding sandwich and coffee bar with approximately 65 different blends including Kopi Luak, Mexican Opixaxa and Jamaican Blue Mountain to name but a few. Connoisseurs of coffee will appreciate the true quality of the fayre. They also offer approximately 18 tea types and a good home made selection of sandwiches. The business employs 8 part time staff, who each work approximately 24 hours per week and one vendor full time. They achieve an excellent annual turnover of approximately £270,000 with a gross profit of approximately £124,000. Stock at cost we are advised is circa £11,000. TRADING HOURS Mon-Sat: 9.00am – 5.00pm EXPANSION POTENTIAL Although the business achieves excellent annual sales, there is still a huge potential to both increase turnover and profits considerably by: 1. Converting the large first floor space to have extra café space and serve hot food 2. Offer ethnic food to the local Asian community 3. Put extra tables and chairs outside the shop to benefit from the very deep pavement, most of which is under cover 4. Have an internet site and offer the speciality coffees 5. Offer outside buffets and catering supplies to the huge number of offices nearby 6. A husband and wife team working together would substantially reduce the business wage bill FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £267,719 Gross Profit: £123,176 Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES Large and spacious 2 storey premises presented to a high standard throughout, with a fully alarmed and dummy CCTV installed, briefly comprising of: Ground Floor • Two properties converted into one • Full display window one side with a central entry door to the other • Electrically operated roller shutters over all front windows • Entry into the coffee and sandwich bar with 12 bar stools around an attractive bar with the full range of coffees and teas displayed to the rear • 3 internal tables with chairs, coffee grinder, coffee machine • Sandwich display • Deli counter with 2 long displays, one for cheeses and one for meats • Scales, meat slicer, extensive racking and shelving throughout the shop • Rear kitchen and staff room • 2 chest freezers, electric oven, 6 slice toaster, dishwasher • rear storage with upright fridge and double door upright freezer • Exit to rear loading bay First Floor • Large first floor stores with office off • Extensive racking throughout • Kitchen area • Ladies and gents w/c’s • Exit to rear balcony TENURETENURE: Sitting tenant holding over Rent: £14,000 P.A. We are advised that the annual business rates are currently: £6,412 VIEWING Please DO NOT approach the business or its employees without a prior appointment. All appointments are to be made via our office.

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