Cafes for sale

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Y. MacGregor (Nov 2017)
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Leasehold Price: £495,000 Price Reduced
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Business Description
Two locations within London.

Hilton Smythe are delighted to offer to the market a well-established coffee shop chain with 2 central London locations. The brand offers award-winning patisserie as well as a wide selection of hot and cold drinks menu.

The exciting business launched its first store in 2015 and recently added a new central London unit in 2017.

The business has an excellent reputation with a loyal regular customer base including tourists, local businesses and a number of passing trade due to the blue chip locations, corporate i.e.: Bloomberg, and wholesale i.e.: Selfridges.

The logo, name and delivery boxes; are all registered trademarks and the business owns 20 web domains to cover globally the brand.

The business is highly regarded and has been accredited by TimeOut awards, Good Food Awards, TripAdvisor since our opening in 2015.  The business has an excellent reputation on social media, hundreds of reviews (Google, TripAdvisor.) above 4.7.

The range of patisserie are exclusive to the business and major investment has been made in the retail units as well as marketing and advertising.

The business offers both its unique range of patisserie as well an extensive coffee menu in line with other well-known brands such as Costa, Nero and Starbucks.

The brand comes with an exclusive UK supplier agreement which forms part of the market valuation placed on this business.

Current retail sales average at £10,000 per week, 30% through Deliveroo and UberEATS online orders with delivery in Central London and In House deliveries covering Greater London (up to Reading and Oxford) and 70% through in store sales. In store sales include both eat in and takeaway with a very healthy daily order business from local company's and offices

Our client informs us, Deliveroo and UberEats orders are achieving a daily new increase of 2 new customers per day.

There is huge potential to roll the brand and concept out across the UK (and interest in the US and Ireland for a franchising model) and would be an ideal opportunity for a company to grow the brand and products into a market leader.

The business operates between 2 central London locations, both of which are highly desirable, due to their locations and lease terms.

Wholesale customers are located within central London, one of which is the worldwide renowned Selfridges department store on Oxford street.

Online deliveries are managed through Deliveroo and UberEATS and offer deliveries with delivery in Central London and In House deliveries covering Greater London (up to Reading and Oxford).

Both premises are immaculately and stylishly decorated with quality fittings and furnishings.

A full inventory of equipment can be supplied upon request.

Both sites offer a long 20 year lease.

The sites are both on a Leasehold basis:

Property 1:

Original lease length: 20 years.

Circa 17 years remain as of 2018.

With a rent of £35,000 per annum.

Property 2:

Original lease length: 20 years.

19 years remain as of 2018.

With a rent of £47,500 per annum.

Combined rent of £82,500 per annum.

The business is open:

Monday – Saturday: 8:30am – 8pm

Sunday: 10am – 7pm

There are 8 staff across the two sites.

The second unit opened in September 2017, with the combined businesses currently generating around £10,000 per week, with projected turnover for 2017/18 accounts to be in excess of £500,000.

Tenure: Leasehold

Listed by: Hilton Smythe
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