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8868 CV WEST MIDLANDS LEASEHOLD: £80,000 DELICATESSEN

Asking Price: GBP 80000
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Business Location: United Kingdom » Birmingham » WEST MIDLANDS 
Category: Food » Retailers
Description:
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.
Financial Information:  
Annual gross sales: (GBP) 267719
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 1986
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: The business employs 8 part time staff,
No of trading hours: Mon-Sat: 9.00am – 5.00pm
Reasons for selling:
being reluctantly offered for sale to enable them to pursue an unrelated business venture.
Market competition and expansion:
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
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