Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Charming All Day Café, Historic Centre In Porto For Sale

Porto, Portugal
Asking Price:
€180,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€100K - €250K
Cash Flow:
Under €50K

Unique Concept Business.

A small street-level, high-footfall restaurant is located Restaurant in the tourist centre of Porto. A café with 25 seats, 4 office/co-working desks, a small kitchen, bar & restroom which was fitted out within the last 3 years by its interior architect owner.

In the UNESCO Heritage District between Sé Cathedral, São Bento Train Station and Batalha Square, this charming zone is completing significant refurbishment within the next couple of years.

Currently, the business offers a breakfast menu until midday, with a lunch/dinner menu running until the kitchen closes. Breakfasts are international brunch style; lunch/dinner is a global flavor concept; and evenings offer street food items to accompany drinks.

Quality cocktails and coffee are on offer, but what sets the business apart is its engagement with the community and visitors by hosting a full calendar of daytime and evening events with a simple setup for live music & performances, presentations, projection screening, DJ setup and more.

Walls and shelves are set up for retail sale items and art exhibitions. A full smart lighting and ambiance management system is controlled at the iPad POS point.

What is included in the sale:

- Newly Designed Space is highly attractive to a middle-upper range footfall clientele
- The Competitive Rental Agreement with the property owner
- All Furniture, Crockery, etc
- Operational equipment, including convection oven, microwave, 4 x refrigeration, 2 x induction hobs, Professional Coffee Station, POS, etc
- Upscale lighting system & surround music with projector
- Loose equipment and items to support events; optional extras
- Our 4.8 Star Google Rating & Local International Community Reputation
- Contracted Team Members at the time
- Our menus and methods developed over the years, including a detailed location specific insight into seasonal business flow for affective targeting.
- Getting into the street/location just before significant renovation increases the value and movement in the area.

What is not included:

- The Name or Brand and future development thereof (however, we will transfer reviews to a new business name at sale)
- The Property itself. It is under a rental agreement with a very pleasant and flexible family that will not sell.

The business currently runs roughly the following hours, 7 days per week:

Monday–Wednesday : 09:00–17:00
Thursday - Sunday : 09:00 - 00:00

The reason for the sale is that the owner has the opportunity to build at a new location to better accommodate some of the community functions of this concept.

For serious interest only, further information can be shared.

Small Additional costs to consider:

- €3000-€6000 kitchen upgrades worth implementing and very minor interior touchups near bar.
- Reinstating of signage to exterior

Property Information

Real Estate:

Lease

Lease Terms:

5 years then rolling lease

Leasehold Rent:

€18,000 per annum

Location:

In the Unesco Heritage District of Porto at street level with high footflow in a zone that is undergoing upgrade. There are a number of hostels and a large number of short stay accommodations in the street with very few good options available for breakfast or coffee.

Premises Details:

100sqm Ground Floor of a 4 level traditional Portuguese building with three apartments above.

Business Operation

Competition / Market:

Competition nearby is very limited. The Street of Rua das Flores is near but in the immediate area there is nothing of this quality and offering to compete. There are hotels however our offering is more accessible with a more competitive price point.

Reasons for selling:

Owner has an opportunity at another location better suited for the community aspect of the business & separation of functions etc. In order to do so, this capital is to be released.

Trading hours:

Monday - Wednesday : 09:00 - 17:00
Friday - Sunday : 09:00 - 00:00

Employees:
5-6
Years established:
3

Other Information

Support & training:

The Owner will go through all operational, marketing and revenue flows in detail at handover. Once you have a new name, the owner can assist with setting up a basic website at no design cost to you and recommend a branding contact to help develop your new brand identity with competitive costs paid directly to the designers if needed.

Furniture / Fixtures value:
€50,000 - included in the asking price
Inventory / Stock value:
€8,000 - included in the asking price
Website:
Login or register to view link