CAFETERIA IN NICOSIA CENTRE FOR SALE
Business Type: |
Cafeteria
|
Location: |
Nicosia Centre, Nicosia, CYPRUS
|
Type of Tenure: |
Leasehold |
Business Reference: |
CY0272L |
Asking Price: |
€ 150.000 |
Annual Turnover |
350.000 |
Gross Profit Margin |
80% |
Monthly Rent |
1.500 |
Stocks (at cost) |
7.000 approx |
Reason for Sale |
Other businesses |
Accounts Available |
2018 (Audited) 2019 (pre-audit) |
Years Established |
6 |
Incorporated Business |
Yes: Limited Co |
Car Parking |
5 Private & Free on Street |
Vendor Financing |
Negotiable |
Full-time Employees |
4 |
Part-time/Seasonal Employees |
5 |
Internal Seating |
20 |
Terrace Seating |
30 |
Description This well-established cafeteria operates based on a winning concept, with focus on simplicity, excellent coffee quality and low prices. It is also a low-cost, easy to operate business.
The business is located in a densely populated area, surrounded by educational institutions, offices and apartment buildings and operates all day, from morning until 9:00 pm 7 days a week. The work is organized in two shifts – morning and afternoon. It operates year-round (no seasonality).
The cafeteria offers sit-in, take-away and delivery, with delivery business accounting for almost 50% of the Turnover (the business owns 4 delivery motor-bikes).
The decoration and design is casual. In addition to the seating and coffee-bar area, the ground floor has two storage rooms and toilets for the handicapped. In front of the shop there is a good size terrace, covered with a retractable aluminium canopy and with transparent side-curtains. It is equipped with wood decking and gas heating for the winter. There is also easy and free parking on the street for clients. Upstairs there is a storage room, an office room with a bed, staff and client toilets. There is air-conditioning and fans throughout, as well as sound system.
The equipment, interior design and in general the set-up cost, was in excess of €150.000.
This is a stable and highly profitable business, with low operating costs.
The new owner does not need to be experienced in the cafeteria business, training & support will be provided by the seller. |