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Hilton Smythe are pleased to have been given the opportunity to manage the sale of The Lunch Company which is a well established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
There has been a café or food based business at these premises for over 20 years and the current owners have been running the Lunch Company for the last 5 years or so. During their ownership the turnover has doubled and the business has flourished with many regular customers and an enviable reputation. The business really has been a labour of love for them.
The business is now being sold, albeit reluctantly and with a heavy heart only due to their wish to pursue a change of direction, they are keen to see their beloved business pass to an ambitious and entrepreneurial new owner who can take it to the next level.
As the name suggests, The Lunch Company offers a wide selection of dishes that are freshly prepared on the premises using local ingredients wherever possible. The comprehensive menu includes;
Sandwiches & Wraps
Salads and salad boxes
Hot and cold drinks.
Customers can eat on the premises or take away. The business offers a 10% discount to students of which there are many in this part of Bath.
Additionally, The Lunch Company has a healthy corporate side providing business buffets, lunches and platters to local business and offices and provides for sales meetings, conferences, induction days etc. The business also fills vending machines in local office blocks and this is a particularly lucrative side to the business as office space increases.
The sale will include the company website and the business enjoys great visibility on the internet.
Scope to improve
Advertising and marketing campaign
Maximise the use of social media particularly twitter and Instagram
Website ideally with an online ordering facility
Extend the opening hours
Consider opening as a bistro in the evenings
Canvass all local businesses with a view to becoming their preferred supplier
Explore online delivery options from the likes of Just Eat and Hungry House
Introduce a loyalty card / discount scheme.
Reasons to Buy
A well established business with an enviable reputation and many regular customers
Prime trading position on a busy main road with loads of footfall
Low running costs with inexpensive rent and no business rates
All fixtures and fittings included making this a real Turnkey business opportunity
Ideal owner managed or partnership business
Current owners would be happy to offer a handover to ensure the continued success
A real opportunity to increase turnover significantly, current owners have been running at a pace to suit.
Lots of office development locally which will increase footfall considerably
Hilton Smythe highly advise early viewing to avoid disappointment
This lovely little business is likely to attract considerable interest.
The Lunch Company is located in Bath.
Bath is the largest city in the ceremonial county of Somerset, known for its Roman-built baths. In 2011, the population was 88,859. Bath is in the valley of the River Avon, 97 miles west of London and 11 miles south-east of Bristol. The city became a World Heritage site in 1987.
The city has software, publishing and service orientated industries, theatres, museums and other cultural and sporting venues which have helped make it a major centre for tourism, with more than one million staying visitors and 3.8 million day visitors to the city each year. Since 2000, major developments have included the Thermae Bath Spa, the Southgate shopping centre, the residential Western Riverside project on the Stothert & Pitt Factory site, and the riverside Bath Quays Office and business development.
Bath is approximately 11 miles south-east of Bristol, to which it’s is linked by the A4 road, which runs through Bath and is a similar distance south of the M4 motorway. Bristol has a network of bus routes run but First West of England with services to surrounding towns and cities, such as Bristol, Corsham, Chippenham, Devizes, Salisbury, Frome and Wells.
Bath is served by the Bath Spa Railway Station which has regular connections to London Paddington, Bristol Temple Meads, Cardiff Central, Cheltenham, Exeter, Plymouth and Penzance.
The Lunch Company is ideally situated in a prominent corner position fronting a busy main road and thus benefits from high levels of footfall and passing trade. The business is beautifully presented and maintained with clear visible signage and distinctive dark blue livery. There is free on street parking immediately outside the premises.
The Lunch Company occupies the ground floor of an attractive period style building and briefly comprises;
Corner position with dual aspect to front and side, windows and glazed door create a light, airy and inviting interior with a lovely upmarket feel, wood effect flooring, picture rail and other period detailing, ornate ceiling rose, tables and chairs currently providing approximately 15 covers but potentially room for more, comfy looking sofa, feature menu boards, leather effect sofa, glass fronted drinks chiller, glass fronted and refrigerated serve over counter lead to an open Plan Kitchen
Comprehensively equipped catering kitchen with Russell Hobbs under counter fridge, Rancilo Classe 8 coffee machine, coffee grinder, stainless steel warming cabinet, stainless steel preparation tables, panini maker, 2 compartment fridge with 4 pot salad bar, Gram upright fridge, stainless steel hand wash basin with wall mounted paper towel dispenser.
Stainless steel preparation tables, perimeter shelving, magnetic knife storage, Lincat 2 ring hob, Buffalo griddle, induction oven, Bosch dishwasher, twin stainless steel sinks, wall mounted bug zapper, chest freezer, Turbofan commercial induction oven, 2 x microwave ovens, Gram upright fridge.
Walk-in store cupboard
With shelving and window to rear. The sale will include all pots, pans, cooking utensils, cutlery, cups and glasses etc
With close coupled toilet and hand wash basin
Dry Goods Room
With window to side, chest freezer, useful office area, freestanding shelving, Gram upright fridge which can also be converted to a freezer if required, door to rear.
To the rear of the business is a yard with approximately 5 allocated parking spaces and room for bins.
We are advised that The Lunch Company is being sold as a leasehold business opportunity. The existing lease has approximately 10 years remaining and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner. The rent is £10,000 per annum which is incredibly reasonable given the size and location of the premises.
The business benefits from being exempt from business rates.
Monday to Friday 8.00am – 2.00pm
The business is run and managed by our two clients with the help of 2 full time and 2 part time members of staff.
The Lunch Company generates an advised current turnover of circa £200,000 per annum and the business continues to grow at an impressive pace.
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