Time Out ranks Coffee Plant best cafe in West London.
SUPER PRIME LOCATION
Prestigious Portobello Road location in prime section of the street on the busy side, massive tourist footfall on market days provides opportunity for growth.
Loyal customer base, roughly 80% of sales are to regulars. Scope for letting the shop to community groups in the evenings.
All the hot drinks are certified organic and most of the coffee to take home is dual certified organic Fairtrade. This creates valuable word of mouth publicity as there are many supporters of ethical purchasing in this area
NOT JUST A CAFE
We are coffee specialists, and sell a wide range of Coffee Plant coffee beans to take home, freshly roasted at our nearby roastery. £3k per week of turnover is in coffee bean sales. (The roastery is not included in this offer.)
SAME HANDS LAST 20 YEARS
The business owner lives on the South Coast and wishes to reduce his involvement prior to retirement. He currently works one or two days per week on this business. He also owns the Coffee Plant roastery which is not currently for sale.
Turnover £10k - £11k per week (after taking off VAT). On average over the last ten years the owner has worked 1.5 days per week and drawn £25k pa. There would be massive savings for an owner manager working full time.
Lease is protected through the Landlord and Tenant Act, expires June 2024. Rent £76,750 (currently under review, likely to increase to £80,000). Business rates £41,000.
The owner seeks offers in excess of £100,00 for the goodwill
The owner's preference is to sell the shop business as a Coffee Plant franchise. The Coffee Plant roastery already supplies many third party cafes so we can offer ample support to a franchisee. It would also ensure the customer base stays loyal
For further information and price indications please email your contact details, a brief CV resume of your relevant experience, and an indication of how you would plan to finance the purchase.