SOLD / WITHDRAWN
07/03/22
291732
We are selling Bühler and Co an established, award-winning and profitable vegetarian café in Walthamstow. It is a turnkey operation with a turnover of around £45.000 (figures listed above are from management accounts and include two months closure due to Covid-19). Opportunities abound to expand, for example evening trade or scaling up to other sites. Currently open daily,9am-3.30pm. It operates under a lease and has an A3 and alcohol license (allowing for 11am-11pm trade). The business is for sale because one of the owners is moving back to New Zealand.
UNIQUE SELLING POINTS
LOCATION
Located on the Bell Corner in the centre of Walthamstow, by Lloyd Park/William Morris Gallery and the new Feel Good Centre (c. 10-mins walk from Walthamstow Central Station).
REASON FOR SALE: One of the owners plans to move back to New Zealand shortly so they feel it’s a natural time to sell.
BUSINESS HISTORY
Bühler and Co is the culmination of six years of hard work. Inspired by the café culture they grew up with in New Zealand, the owners have recreated this in Walthamstow with flavours and an atmosphere that reflects multicultural London. Open daily, Bühler and Co has nestled in as a local go-to for people in the community, with an outstanding reputation both in Walthamstow and around London. It is renowned for its cooked brunch, homemade cakes, speciality coffee, alcoholic and non-alcoholic drinks and excellent service.
The company was established on 13th January 2016 and started trading on the 29th March 2016. After the start of trading, they opened evenings between May 2017 and May 2019 (closed due to starting families). Deliveroo was established around May 2018 due to Deliveroo’s extended hours is busier since the beginning of the pandemic.
PRODUCTS SOLD
The full menu is accessibleatwww.buhlerandco.comalongside freshly baked pastries, cakes and counter food.
TYPE OF DEALS ACCEPTABLE
Outright share sale. Will consider an asset sale depending on the offer. Owners would be willing to offer training and help during hand-over if required. They are also happy to offer a consultancy period post-sale if required.
PERSONNEL
There are 13 personnel, five of which work full time. Head chef and shift managers, a head barista and a kitchen porter have all been working at Bühler for years. They have excellent systems in place for training staff, dealing with suppliers and ensuring all tasks are completed.
TRADING HOURS
Monday – Sunday: 9:00am to 3:30pm
PROPERTY
The establishment is in three sections. The first section is indoors,3.3m x 8.4m. There is a full window letting in lots of light with a window seat to seat three people. The tables can seat 12 – 16 people. There is a counter with a coffee station and cakes and the kitchen is located behind this.
The kitchen/KP and back bar area are 3.3 m x 5.3m. The second section is a covered outdoor seating area with a toilet. This section is 6.1 x 4.8 m and seats up to 21 people comfortably. The third section is a garden room that is 4.8m x 3.3m and seats up to 20 people.
TENURE
The business was originally opened on a five-year lease and is now on a rolling lease. The landlord is happy with the sale of the business and is open to discussion about a lease for new tenants. The rental is £1,500 per month and it is within the 1954 act.
Sale price - £180,000 (depending on sale type) including circa £30,000 of assets.
Get in touch for more information.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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