Price:
Leasehold - £80,000
Location:
London, Whitechapel
Business Type:
Food Service Businesses
• ADVISED AVERAGE GROSS WEEKLY SALES £3,000, GP 70%
• PROMINENTLY SITUATED IN THE PETTICOAT LANE MARKET
• ALL FIXTURE AND FITTINGS INCLUDED IN SALE- 50 COVERS
• SITUATED CLOSE TO LONDON UNDERGROUND STATIONS
• POTENTIAL FOR VARIOUS FOOD LEAD BUSINESSES
• FLEXIBLE PAYMENT TERMS – IDEAL FIRST TIME BUSINESS
DESCRIPTION
The restaurant trades from a mid terrace ground floor lock
up shop. The internal area comprises a seating area with
20 covers, a preparation area and kitchen on the ground
floor. There is a Ladies and Gents toilet and storage room
and more seating comprising of 30 covers in the
basement. There are a further 8 external covers.
THE BUSINESS
The café benefits from an A3 user class and currently
serves a variety of hot and cold foods including burgers,
sandwiches, salads, wraps, pasta, hot breakfasts and
lunches. Hot and cold drinks are also on offer to
customers. Due to its position in the market the café has
little competition and benefits from bustling trade during
the week, especially on the weekend. The café enjoys a
steady flow of business and is well reputed for good
service and delicious meals.
TRADING INFORMATION
Our client has advised that the average gross weekly
turnover of the business is £3,000, generating a GP of
70%. The owner is keen to sell due to family
commitments.
FIXTURES AND FITTINGS
1 x Soft Drinks Standing Chiller
1 x Display Chiller 1 x Dishwasher
1 x Coffee Machine 1 x Double Fryer
1 x Chest Freezer 2 x Microwaves
1 x Fridge 1 x Standing Freezer
1 x Toaster 1 x Cash Till
1 x Grill Extractor System
1 x Panini Grill 1 x 3 Burner stove with oven
The business is situated on Wentworth Street in
Whitechapel (A400) in North West London. The closest
Underground station is Aldgate East (District and
Hammersmith and City Lines) as well as good bus links.
The unit is located in the famous Petticoat Lane market.
We have been advised that the premises is held on a
FRI 10 year lease which commenced in 2011. The
annual rent passing is £20,000. Formal rent reviews
are conducted every 5 years.
The business currently trades:
Mon – Sunday 7am – 4pm
Saturday 7am-2pm
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