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Franchised Cafeteria In Nicosia Centre For Sale

Nicosia Centre, Nicosia District, Cyprus
Asking Price:
€230,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€350,000
Cash Flow:
Available on request

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 €, 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.

Property Information

Real Estate:

Lease

Lease Terms:

The rent agreement is automatically renewable every two years, with negotiable rent increase

Leasehold Rent:

€18,000 per annum

Location:

Nicosia Centre, very near a private University, two Colleges, three High Schools on a very busy main street with shops, offices and residential properties

Premises Details:

Fully equipped and licensed premises, seating for 20 persons inside and 30 persons on the terrace. The terrace is covered with retractable aluminum roof and glass partitions all around, so can be used in both summer and winter. Also has two storage rooms and its own backyard

Size in square feet:
1,300
Planning Consent:

Town Planning permit for use as cafeteria and Cyprus Tourism Organization permit

Business Operation

Expansion Potential:

The specific business is active in both sit-in and deliveries and is exploiting its market very well already. Growth can be achieved with more promotion and advertising, also by securing long-term contracts with companies, offices, colleges.

Competition / Market:

As a franchised cafeteria it enjoys a large exclusive area. There are other cafeterias in the area but not very near, as there are thousands of students

Reasons for selling:

Owners were unemployed when they started this business, now they are fully employed elsewhere and cannot cope

Trading hours:

6:30am to 9:00pm MON-SAT and 10:00am to 8:00pm Sundays

Employees:
4 F/T and 5 P/T (4 of the part-timers do deliveries by bike)
Years established:
6

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

To be provided to seriously interested parties

Other Information

Support & training:

Current franchisees will provide free support for 6 months. The Franchisor will also provide training to a new franchisee

Furniture / Fixtures value:
€190,000 - included in the asking price
Inventory / Stock value:
€7,000 - included in the asking price

Contact Information

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