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WELL APPOINTED COFFEE SHOP & SANDWICH BAR £125,000

Seller: Attn: Andrew Hudson
Location: Glasgow, Scotland, United Kingdom, GB
Listing Number: "AC235 "


Asking Price: $203,786 USD USA Dollars
Industry: Food & Beverage: Coffee, Cafe, Dessert
Reason for Selling: Vendors’ wish to follow other areas of interest.
Year Established: 2007
Number of Employees: 9
Yearly Revenue: $407,674
Yearly Net Profit: $73,323

Overview of the Business:

This business was founded in 2007 by the Vendor and has since established itself as the place to go if you want higher quality hand made refreshments, in a modern, friendly setting away from the main shopping areas of the City. The business operates from a prime location in Glasgow and has established itself amongst the local businesses as one of the region’s leading independent coffee shops. Many current customers have been loyal to the business since the very beginning. This has been due in no small part to the business’s high end, quality products, competitive prices and personal service. The business has always believed in the pursuit of excellence, constantly reviewing the standard of its core products, never afraid to change suppliers who fall short of their exacting standards. The business has shown consistent and regular growth since opening without the need for advertising, as word spread that quality produce was available at affordable prices.


Property Features and Assets:

The business is located in an easily accessible area in Glasgow City Centre and operates from a circa 1.700 square foot area including food preparation area, service counter and seating for 50 covers. The premises are superbly appointed and represent the professional qualities and service the company has built its reputation upon. It occupies the basement of a traditional grade terraced City Center property, which is away from the main shopping area’s and surrounded by office buildings. The renewable lease has 3 years to run at an annual rent of circa £17,500 and rates of £8,000 per annum.


Market Competition and Expansion:

The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover. A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.


Additional Details:


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