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High Quality Sandwich & Coffee Bar: member of well known franchise chain

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Sale Memorandum

High Quality
Sandwich & Coffee Bar:
member of well known franchise chain


Ref.AF071

Location London, Central

Asking Price £ 125,000

Confidential offered for sale

Asking price includes:

Turnover circa £200,000
65% Gross Profits
Very busy Central London location
High footfall
Large volume of corporate catering
Monday to Friday operation
Goodwill
Full franchisor support
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This successful sandwich and coffee bar, part of a global franchise chain, was established by the current owner in 2004. Investment of more than £170,000 has resulted in a fully air conditioned, welcoming environment with seating capacity for fifty two people.

The business is located in an extremely busy part of Central London, adjacent to an Underground station. Footfall is genuinely very high indeed. The location also benefits from being close to many office blocks, which not only generate much corporate catering demand, but also significant lunchtime trade. The business has the additional benefit of a large conservatory area, with much natural light – a most unusual feature in Central London.

The business operates from Monday to Friday only giving the owner a welcome break at weekends.

This franchise offers a very large range of freshly prepared sandwiches, wraps, baguettes and bagels. Salads are also very popular especially in the summer months, with soups largely replacing them in the winter. Most products are prepared in front of the customer with a small number being pre-prepared for the busy lunchtime period. Morning goods such as croissants, danish and muffins are sold. Jacket potatoes are an example of hot product sold regularly.

Fillings are either prepared in house or are sourced from a number of franchisor approved suppliers.

Gourmet coffee is a very popular item as are fresh juices prepared in house, along with smoothies.

Equipment

The full range of food preparation, serving and storage equipment is utilised, including the recent purchase of a state of the art commercial oven.

Customer Service

The franchise operates with a simple philosophy. They serve the highest quality food and drink. They source the best possible produce to ensure that no compromise is made on taste. A wide variety of fresh natural food is served by friendly and outgoing staff.

Key Strengths

The business has developed an outstanding reputation for the quality of its food especially in the very important local corporate market. Circa thirty corporate orders are fulfilled every week ranging in size, typically, from five up to forty persons. This represents circa 50% of annual turnover. Much of this business is generated through referrals and direct ‘word of mouth’ recommendation.

Growth and Expansion

The new owner looking for accelerated growth can open the business at weekends when much additional business can be generated. This is especially relevant during the summer months when a large number of tourists stay in local hotels.

There is significant scope for expansion of the outside catering service offering within the area.
Business Hours

Business hours are currently 7am to 5pm, Monday to Friday.

There is further scope to extend the business hours based on those operated by similar establishments in the locality.
Advertising and Marketing

The business contributes, through the franchise fee, towards regular marketing campaigns and the running of the corporate website, where each individual location is featured. A telephone based ‘cold calling’ arrangement is in place to generate new business.

A new owner could further grow the business by increasing local marketing activity especially towards the important corporate marketplace.
Financial profile:
The business is being offered for sale on an ongoing concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable and enjoys high gross margins. The current turnover exceeds £200,000 per annum.
Employees

In addition to the owner, three full time and one part time employee work within the business.
Support and Training

A full period of training, handover and familiarisation will be provided, both by the current owner and the franchisor, to ensure a smooth transition to new ownership.
Reason for Sale

The current owner is relocating abroad and wishes to dispose of his interest in the business.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Next steps

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