business

CY0272L

FRANCHISED CAFETERIA - NICOSIA

 
Business Type: Cafeteria
Location: Nicosia Centre, Nicosia, CYPRUS  
Type of Tenure: Leasehold
Business Reference: CY0272L
Asking Price: € 230.000
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 2014 (Audited)
Years Established 4
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 is part of a highly successful franchise chain with a winning concept, based on simplicity, excellent coffee quality and low prices.

The business enjoys an exclusive territory in Nicosia. It 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). It also sells coffee-beans and ground coffee made on the spot, according to client’s taste.

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 €190.000, including the initial franchise fee.

There is no recurring franchise fee, only the obligation to buy all supplies and consumables from the franchisor. A prospective buyer of the business will need to be approved by the franchisor.

This is a stable and highly profitable business, with very good brand recognition.

The new owner does not need to be experienced in the cafeteria business, as the franchise provides all that is needed to manage the business. 

 

Photos

  • The present business is offered for sale by DealMasters.  Any information downloaded or printed is intended strictly for private use by you as a Registered User of our web-site; it may not be copied, published or distributed in any manner. 
  • You are advised that this is a confidential sale, therefore no direct approach to the business owners or business premises should be made and all viewings should be arranged through DealMasters. 
  • Prior to disclosure of the identity of the business and/or its owners, business financials and other operational details, interested parties will sign the standard Confidentiality Agreement, which can be downloaded here or sent to you by fax upon request.
  • We do not perform any due diligence on businesses for sale, business owners, or the information provided by them.  Such information is passed on by us without any guarantee or responsibility. Interested Buyers are strongly urged to perform thorough due diligence prior to acquiring a business
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