Cafes for sale in Hackney

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Niche Coffee Shop & Vinyl Record Shop - Hackney

Hackney, London, England

  • Annual Turnover: £65,896
Seller Reference: 6794
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Business Description
 
 
 
 
 
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Seller Reference: 6794
Request Details
Business Description
Prominent Trading Location
Annual Turnover £65,896
Large social media following
Alcohol Licence Until 9pm
Ideal Investor Opportunity
Hosts Events With Well Known Artists
Trading On Limited Hours
EPC - D
REF 6794 Unique Coffee & Vinyl Record Shop

Blacks Brokers are pleased to bring to the market this unique opportunity to purchase this niche business and enter into a partnership with the current owners.

INTRODUCTION

Lion Coffee + Records has been trading on Lower Clapton Road since 2014. The current owners are offering the opportunity for a buyer to
enter into the business as a partner and help them build on the already impressive trading foundations they have put in place. Following a refurbishment in late 2019, the business is not only a vinyl records retailer (with filter coffee on sale) but they also host intimate one off performances with well known artists such as CourtneyLove and Razorlight as well as new up and coming artists. The business benefits from a prime location which generates heavy footfall and there is plenty of potential to develop the business further.

LOCATION

The business occupies an enviable trading position on a busy main road. This area is densely populated with a huge amount of local residents in addition to many other businesses. The area is well linked by the A10 and A12 with excellent public transport links in place – Clapton Station and Hackney Downs Station are both close by and is only half an hour from the centre of London.

REASON FOR SALE

Our clients are looking for a business partner who has a vehicle and can help to propel the business forward.

LEASE

Lion Coffee + Records is available at a competitive rent on a Full Repair and Insure lease (FRI). This is the most common form of commercial lease. The current lease is up for renewable with a five or ten year lease available at a cost of £200 per week.

BUILDING LAYOUT AND DESIGN

Lion Coffee + Records operates from the first floor of a four storey property. The business is well branded with large signage above and is fully glazed. Inside, the main coffee shop is well presented with seating available,with small sales/coffee counter and newly built stage for live performance. There is ample shelving on the walls offering a range of vinyl records for sale. To the rear of the property is a small bar area which is licenced to serve alcohol.

STAFF

The business is currently operating with 3 casual members of staff in employment.

BUSINESS RATES

The business currently benefits from small business rates relief. Purchasers should enquire with the relevant local authorities for rates payable.

SUMMARY

This is a fantastic opportunity for an investor to enter into this niche business. There is plenty of scope to develop the business further, the current owners already have several pop up events which they attend and they are looking for a partner to help them build on this area even further and potentially expand into hotel chains, festivals and much more. Early viewings are strongly advised. Fixtures:
All Relevant Fixtures & Fittings Included
Trading hours:
SAT & SUN: 10:00 - 18:00
Only open by appointment outside these times
Tenure:
Leasehold
Location Details:
Hackney
Leasehold Term:
£200 Per Week
Downloadable Documents:
Listed by:
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