Cafes for sale in Greater London

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Adam Warren (Jan 2017)
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Leasehold Price: £120,000 Annual Turnover: £156,000
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Business Description
This is an outstandingly good business with great potential for further growth.

Close to local hospitals, schools and university campuses, the café is situated in a strategic and very busy area.
Established 1.5 years ago, the café has built a strong reputation amongst its customers based in the area and across London. Despite the very healthy profitability of the business, the seller is looking for a quick sale.

Executive Summary:
This café is very well known in the area and highly rated by customers on all forms of Social Media. Customers are especially impressed with the location, the environment, service and the food quality and choices.

The café is based in a prominent location, with good access to residential housing, local hospitals, schools and university campuses, which ensure a large flow of people especially during lunch time.

The décor is very well worked and gives the café a number of experiences in different “zones”, from a library feel to a quiet bar to a street side café to a cosy, almost front room feel to it.

Staff members are very well-mannered, polite and trained to deliver high levels of service to customers. They are aware of the dynamics of the business and knowledgeable on coffee and food preparation. This translates into high ratings, referrals and repeat visits!

The Menu could be described as fresh and trendy, offering vegetarian, vegan and healthy options; it includes home-made cakes, salads and sandwiches. Attention is given to the quality of the ingredients, being combined and presented well.

Such quality and authenticity of food, added to the chilled and cosy atmosphere created by a great selection of classic vinyls, has contributed to generate a big following in the café.

The café fits well with the location and is not pretentious at all.

Business Information:
Weekly takings average at £ 3,000+. The business has great opportunities for growth and increased profitability. Gross Profit Margins are higher than average despite the selling price being very affordable.

Further information will be divulged to interested purchasers under a confidentiality agreement.

Lease Information:
The lease runs to November 2024 and current rent is £ 21,600 per annum (“pa”) with a review due in 2020. This is perceived as being below market rent which will allow a new owner to feel very comfortable when planning. Rates are currently set at £ 5,400 per annum.

Growth Prospects:
The business can grow organically with better seating plans/ layout and maybe the use of the spacious room in the basement as an additional dining area.

The business does not deliver food at this stage but there is reason to believe that a well organised and simplified Menu would be received well by the client base. Moreover, the business does not operate on Sundays, which could exponentially grow the weekly sales.

For further information and an in-depth conversation
contact Mark Devonshire at TBA - London City Group Limited
25 Finsbury Circus, London. EC2M 7EE
mdevonshire@tworlduk.com/ Mobile 07972 634 187
Trading Hours:
8:00-18:00. Saturday 10:00-18:00. Sun:Closed.

Number of Employees: 3

Tenure: Leasehold

Listed by: Transworld Business Advisors

Find out more about this business opportunity.

 
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08671-446395
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