Cafes for sale

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Y. MacGregor (Nov 2017)
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Leasehold Price: £54,950 Turnover: £82,529 Gross Profit: £64,574
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Business Description
Business
Hilton Smythe are delighted to present to the market Anglo Viet, established by our client over 6 years ago and now offered for sale due to other business interests.

The contemporary restaurant space is currently only used as a daytime cafe/ coffee shop operation and there will be endless opportunity for any new buyer to double turnover by adding an evening bistro/ restaurant menu.

The previous owner ran a very successful Italian Restaurant from the unit.

Current menu includes:

• Lunchtime meal deal
• Large choice of breakfasts
• Sandwiches
• Wraps
• Salads
• Jacket potatoes
• Daily hot food special choice
• Bean to cup coffee menu
• Cold drinks
• Cakes
• Snacks
• Confectionery items

There are only limited deliveries through Deliveroo currently and the business enjoys regular customers from the local Office Workers, Tradesman/Builders and the increasing number of local residents living in the expanding number of new apartments being developed.

Currently run to suit, any new buyer could easily increase the outside catering and business orders by creating a relationship with the Train Depot (500 staff) and Police station directly facing.

Hilton Smythe advise early viewing due to the excellent location, equipment included and excellent renewable lease in place.

Location
Anglo Viet occupies a unique trading position on Cam Road, Stratford in London.

The purpose unit ground floor unit benefits from full height windows to 3 sides of the unit with a large terrace and open piazza.

Stratford has undergone significant transformation sincere the 2012 Olympic Games and is now a buzzing shopping and leisure hub with thousands of new apartments and homes now been built.

The area is particularly popular with commuters, there are 2 DLR tube stations within 2 mins walk and Stratford mainline station also.

There is limited parking in the streets surrounding the business.

Premises
Ground floor

• 60 cover dining area with clear views of the external terrace and piazza
• Decorated with original wall paintings of the 2012 Olympics
• Solid wood chairs and tables
• 2 kitchens
• Lots of storage
• Central serving counter

Equipment in this area includes –

• 3m glass fronted display cabinet
• 2 x glass fronted drinks chillers
• Crisp and confectionery stand
• 3 arm semi-automated coffee machine and grinder
• 2 x panini grills
• Prep sink, storage cupboards and shelving
• 2 x tills
• Card machine
• Microwave
• Stainless steel heated service unit
• Large overhead menu boards

1st Kitchen - previously used by previous owners to prepare pizzas and takeaway hot food and currently under used. Includes:

• Large Turbofan oven
• Extraction unit
• Base and wall shelving
• Preparation tables

Separate gents, ladies and disabled toilet facilities

Large secured store stockroom

Main kitchen

• 5 stainless steel prep tables
• Toaster
• Rice cooker
• Microwaves
• 2 upright fridges
• Chest freezer
• Hand wash sink
• Double stainless-steel prep sink unit
• Very large extraction unit
• 6 x gas ring cooker
• Bain Marie
• 2 griddles
• 4 fryers

There are 4 large ceiling air con units and 8 camera CCTV system included

External –

• Private dining terrace for 20 (which could be extended)
• 2 private parking spaces

Tenure
We are advised the business is been sold as a Leasehold opportunity originally 13 years with 7 still remaining paying just £19,000 per year.

We are advised the payable rates in this financial year are just £4,000.

Hours
Monday to Friday 7.30 am to 4.00 pm

Saturday and Sunday - Closed

Both opportunity to increase the houses to include an evening restaurant and takeaway business as well open the weekends.

Staff
The business is run and managed by our client with 2 full time members of staff

Financial Profile
We are advised from the 2018 accounts, the turnover generated was in the region of £83,000 with gross profit of £65,000 and annual net profit of £8,000.

The business is only being run 50% of the available time and turnover would easily double by increasing these hours.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04540
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