Cafes for sale in City of London

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Y. MacGregor (Nov 2017)
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Leasehold Price: £69,950 Turnover: £55,077 Gross Profit: £44,400
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Business Description
Hilton Smythe are delighted to offer to the market Alacosta Coffee, established in 2004 and purchased by our client in 2006. Due to ill health, our clients have now decided to sell.

The well-established business offers an excellent range of freshly made bean to cup coffees, teas, freshly squeezed juices, smoothies, fruit drinks, waters and soft drinks. There is a large menu of freshly made sandwiches, bagels, paninis including homemade soups, cakes and biscuits. There is also a large selection of packaged cake slices and loose biscuits such as Biscotti to enjoy in or takeaway. Currently there is a mix of 50% eat in trade and 50% takeaway.

Due to ill health, the business is only open 8am - 4pm each day and current turnover could easily be doubled if a new buyer capitalised more on the early commuter trade by introducing more breakfast options, meal deals to takeaway, lunches to go, business platters, afternoon teas, hen parties and evening passing trade with more hot food to go. Adding local deliveries or outside catering could also increase the awareness and potential of the business.

Alacosta Coffee benefits from a secluded rear terrace which in summer month could be used for private meetings or parties.

The first floor flat is currently let out at £960 per month and benefits from a separate rear access.

Alacosta Coffee operates on the very busy Trafalgar Road in Greenwich, south east London.

The A206 which the business sits on is a very busy link road from Blackwall tunnel in the east to Greenwich in the west and sits just 2 minutes away from the river Thames. The road is an eclectic mix of independent shops and cafes. The Royal Observatory of Greenwich is also 5 minutes walk away. Greenwich University, Greenwich park, National Maritimes Museum and the Thames river bank are just a short stroll away.

Nearest mainline station is Maze Hill which is located one street up from the business.

There is limited free parking on the streets directly behind the business.

Maze Hill is an area in Greenwich, just over 8 miles southeast of central London. Due to its close proximity to London and beautiful array of Victorian properties, the area is a highly desirable location to live for London commuters.

Ground floor –

Minimum 12 - 16 covers and 3 raised stools to the left side of seating area. The customer seating area has a relaxed and cosy feel with mirrors, artwork and traditional wooden chairs and tables.

Service area –

Glass fronted display chiller, 2 arm semi-automated coffee machine and grinder, 2 juicers, blender, panini grill, toasted, 2 under counter fridges, till, card machine, storage shelving, hand wash and preparation sink.

Kitchen –

Accessed from the rear yard, includes electric hob, hand wash sink, preparation sink, storage, microwave, fridge/freezer, chest freezer, under counter fridge and wall mounted shelving.

Cellar –

Used as storage only with lots of shelving units, chest freezer and a fridge.

Rear terrace –

Secluded decked area with a further 12 – 16 covers.

Rear outside customer toilet.

Front door to first floor accommodation-  

Hallway, bathroom, separate toilet, kitchen, living room and double bedroom.

The business is being sold as a Leasehold opportunity.

Original 18 year lease.

5 years remain, with additional 4 year extension as of 2017.

£25,000 rent is for the whole building per annum. £11,520 of this is received for the self-contained first floor flat rent.

Monday to Friday:  8am – 4pm

Saturday and Sunday: 9am – 4pm

The business is run by a husband and wife team.

The business is run to suit and generates an advised turnover of circa £55,077; with a gross profit of 81%.  

Tenure: Leasehold

Listed by: Hilton Smythe
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