Looking for an A3 shop in London

Discussion in 'General Business Forum' started by helios, Sep 25, 2014.

Thread Status:
Not open for further replies.
  1. helios

    helios UKBF Contributor Free Member

    33 1
    Hello guys,

    I'm looking for a commercial property anywhere in central London with A3 licence, for take away food service business! If anyone has anything in mind or owns a shop let me know. I can do a joint venture if you want. The idea is a winner, and the team is a winner too!

    Maximum 800ft^2 including basement/storage space. In case of joint venture i pay for the machines or any other expenses and i give a share of the business! In case of rent, i'm looking for something like £20k a year plus £3-4k rates.
     
    Posted: Sep 25, 2014 By: helios Member since: Sep 23, 2014
    #1
  2. MY OFFICE IN CHINA

    MY OFFICE IN CHINA UKBF Legend Full Member

    5,648 1,339
    What is your expected net profit after year one, given the expected rent you have mentioned?
     
    Posted: Sep 25, 2014 By: MY OFFICE IN CHINA Member since: Nov 16, 2011
    #2
  3. helios

    helios UKBF Contributor Free Member

    33 1
    I've calculated the initial costs and the shieeiug costs of the raw materials,but I can't calculate the profit in a year time.That's why | want to start my Company from a small place but near the centre so it's strategically close to my customers in case of delivery service. The advantage is that I know the job very well and I'm very confident about the success. All l need is to get it started! If you are interested in it and you need more information just let me know!

    Addition to that all, i just want to say that we already have a big customers list in London who are going to elevate our profit a lot.
     
    Last edited: Sep 25, 2014
    Posted: Sep 25, 2014 By: helios Member since: Sep 23, 2014
    #3
  4. MY OFFICE IN CHINA

    MY OFFICE IN CHINA UKBF Legend Full Member

    5,648 1,339
    Any person looking to invest in your business will need a projection of profits for the first year and probably longer.

    Have you prepared a business plan, start up costs, cash flow projection, profit and loss for first year?

    A "customer list" has no bearing to actual customers.

    Do you have any experience in running a similar business?
     
    Posted: Sep 26, 2014 By: MY OFFICE IN CHINA Member since: Nov 16, 2011
    #4
  5. helios

    helios UKBF Contributor Free Member

    33 1
    Yes we have experience, because we had the same business in Greece. This business did well and we used to sell 150 "pieces" on an average daily basis. The 2 things that went wrong with this business was : 1) the main investor used to steal money from the till, 2) the civil engineer said that electric machines are better/cheaper from gas machines, so we spent so much money on electricity bills. Now the person who stole the till is off, i am the main investor/director and we have the experience of preparing and running a shop.

    As i said above i know the expenses. Ive calculated them. Theres no business plan on paper but if you want a deep guess but nothing professional, i believe this shop can easily make a thousand pounds a day.

    So the machines cost is £17000 including anything except a storage fridge.

    Of course we will need £2-3k to rebuild the inner shop and adding a spare £1k for anything last minute expence.

    Lets say in total we need £22k for the machines and the place.

    The food supplier's prices are also known to us and we also know the shipping costs and the timetables of the shipment.

    A customers list maybe it's not a prove the shop will do well, but trust me we have a big influence to greek people in London and we also have many good friends who will support us.

    I can have a business plan prepared in the next few weeks.

    Sent from my GT-N7100 using Tapatalk
     
    Posted: Sep 26, 2014 By: helios Member since: Sep 23, 2014
    #5
Thread Status:
Not open for further replies.