business for sale

Superbly positioned stylishly appointed & successful coffee bar

Businesses for Sale

Sale Memorandum

Superbly positioned stylishly appointed & successful coffee bar


Ref.AF037

Location Berkshire

Asking Price £380,000

Confidential offered for sale


Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA
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Asking price includes:


Pristine high profile business with an excellent reputation

Complete Turnkey Operation

Extremely lucrative margins

Business profile:

This is a significant opportunity to acquire a successfully established and popular cafe including Ice Cream bar with super ambience and up market décor that has grown from strength to strength since inception.

Established in 2000 the parlour has been in the same excellent location since day one and has benefited from the continued development of the superb shopping centre and generous percentage of lucrative repeat business that is generated from the high volume footfall.

The products sold by the group are recognized selections of quality, delicious creamy ice creams and appetizing snack foods that are always in demand from the thousands of shoppers. The establishment has a liquor license in place to increase, its already profitable, financial profile. The menu selection is comprehensive but there are added possibilities to diversify into the popular tasty tapas cuisine.
Customer Service:

The parlour has an excellent reputation built mainly by recommendation for offering quality ice cream and snacks at the right price and with a friendly and relaxed service.

Key Strengths:
Prominently located in this prime position and presented in pristine condition this parlour is very much a firm favourite in the local community selling the premium ice cream products on the market in a variety of flavours. The parlour attracts a mixed trade and has exclusive rights to supply to the performance area in the centre; consequently it is not dependent upon any one particular type of clientele
Location:

The business is in a superb retail position in a centrally situated thriving shopping centre on the water edge. The business has excellent road network communications with the M4 motorway and A33 arterial road direct onto the high street shopping area. There are excellent parking facilities and restaurants, and a selection of up market shops including national chain stores. The nearest mainline station is just a short distance away and there are reliable bus services to the centre.

Premises:

These premises are leasehold with nine years remaining. The rent is £51,000 pre annum with service charge of £7,000 per annum.

These stylish premises have been the subject of much investment and comprise of an area of 1,300 square feet with 800 square reserved for dining and serving. The delicious fare is attractively displayed in cabinets to tempt the customers.

The premises have excellent modern facilities that include a moderns stainless steel kitchen and appliances and a guest cloakroom that is immaculate and caters for clients with disabilities i.e. wheelchairs.
Advertising and Marketing:

The business has used limited advertising high turnovers are achieved through trade awareness and recommendations. Advertising will commence again in local cinemas in March in time for the summer months.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The turnover for the year 04/05 was circa £329,000 per annum with gross profit of 68%. Anticipated sales for 2006 to be in the region of £450K.
Employees:

One manager and eight servers increasing to fourteen in the summer months.
Reason for Sale:

The vendor wishes to pursue other business interests.
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

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

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