Cafes for sale in Islington

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Closed Licenced Coffee Shop - Islington

Islington, London, England

  • Leasehold Price: £129,950
Seller Reference: 7251
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Business Description
 
 
 
 
 
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Seller Reference: 7251
Request Details
Business Description
Beautifully Presented
Previous Annual Turnover £250,000
Recently Closed
Seating For 60
Huge Potential
Enviable Reputation
EPC - D
Blacks Brokers are pleased to bring to the market this leasehold licensed coffee shop located in Islington Greater London.

INTRODUCTION

Grub On The Green has been trading since the summer of 2017, specialising in coffee and deli foods. Our client has only been trading a relatively short period there has been a business of this nature operating from these premises for over ten years and therefore the business has built strong goodwill with the local community and the business has generated an enviable reputation. During Covid-19 the business has ceased trading and is now ready for a new owner to re-open and continue trading. There is no online presence for the business and this certainly offers a new owner an exceptional opportunity to increase the reach of the business.

LOCATION

Situated within this popular, affluent and extremely busy location this business benefits from heavy footfall. The business is situated close be to Farringdon Station and close to St James’s Church. The local area is surrounded by offices which provides an excellent source of lunch time trade for the business.

REASON FOR SALE

This opportunity has become available due our clients family circumstances and therefore this has created an exciting opportunity for a new owner to enjoy the solid foundations laid down by the founder of the business.

LEASE

The property is available for rent on a FRI basis ( Full Repair and Insurance). This is the most common type of lease. The current lease commenced in 2009 and will run for a ten year term with rent reviews very three years. The current rent is £29,700 per annum which represents excellent value for such a prime location property.

BUILDING LAYOUT AND DESIGN


The lease covers the ground floor of the property. The property is double fronted and is finished to a high standard with striking signage delivering a flawless first impression.

Once inside the business is extremely well presented and can accommodate unto thirty eight diners inside and fourteen outside. Flooring throughout the building is wooden. The kitchen is at the rear of the building and is fitted with high value good quality catering equipment.

The property is protected by an eight camera CCTV system installed. The property is centrally heated.

STAFF

Our clients are full time hands on in the business and they are supported by family.

FINANCIAL DETAILS


We are informed by our client that when the business was trading turnover was in the region £260,000 per annum.

BUSINESS RATES


The business currently benefits from Small Business Rates Relief.

SUMMARY


This is an exceptional opportunity to acquire a well respected business that offers a new owner an exciting opportunity to build the business and push it on to the next level. This beautifully presented business has already earned an enviable reputation in locally and surrounding areas and now is ready for a new owner to embrace the social media potential and develop the business further.

This is an ideal opportunity and early viewings are advised.
Tenure:
Leasehold
Location Details:
Islington
Listed by:
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