FOR SALE – asking price £175,000 (for 100% Equity)
Imagine yourself as the owner of this unique business:
• Café / Bistro
• Based in North London (N1)
• Full alcohol license until midnight
• Bright space with a warm & friendly atmosphere
• 4 Years left on the Lease (renewable and RPI linked)
• Yearly Turnover close to £340k
• Regular clientele
• Located on a very busy high street
• Minutes away from one of the main TfL tube stations, zone 2
• A1 use class
This is a highly rated, well run and successful business that has created a strong brand reputation in the area. The café / wine bar is located on a very busy high street in North London (N1), minutes away from one of the main TfL tube stations (zone 2).
The premises were already a café when they were bought by the current owner in 2017. The café has since been refurbished and re-formatted: it is now revolutionised and has a strong vibe. The café is now a coveted all-day food and drink destination, with breakfast/brunch style dishes during the day and a more relaxed bistro style during the evening, with cocktails, wine and other drinks also on the menu.
The lease agreement, which is within the Act, is renewable at the end of term, in 2024, and the rent is linked to RPI.
Revenues are close to £ 340k with Gross Profit margins at c. 65%. There is a very high potential for further growth.
The owner, who works in the food industry, has decided to find a buyer to take over the whole business, or an equity partner under an expansion plan.
Further information is available under a confidentiality agreement.
Contact Mark Devonshire at TBA - London City Group Limited
firstname.lastname@example.org/ Mobile 07972 634 187