Cafes for sale in London

View the "Sandwich Bar & Coffee Shop - Millwall" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £88,999 Price Reduced Annual Turnover: £182,000
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Business Description
• Popular sandwich / coffee shop
• Advised takings in the region of £3,500 - £4000 per week (5 days trading)
• Loyal and regular customer base
• Excellent East London location, 24/7 B1 licence

Ref. 45162 Popular sandwich bar and coffee shop located East London, close to Canary Wharf. Positioned on the ground floor of modern office block. Owner run. involvement. Presented to a high standard. Approx. 20 internal covers plus additional outside seating. Advised takings in the region of £3500 - £4000 per week. Viewing highly recommended. Leasehold

The Olive Branch is situated in Docklands business centre in a densely populated residential and commercial area of Millwall, East London.

Millwall is an area in London, on the southwestern side of the Isle of Dogs, in the London Borough of Tower Hamlets and lies to the immediate south and southwest of the commercial estates of West India Docks including Canary Wharf and has a long shoreline along London's Tideway part of the River Thames, the area is therefore a hive of activity throughout the day with local residents and also office workers within the same building.

Since opening, the business has established a loyal and regular customer base and we have been advised it generates an income of £3,500 - £4000 per week with excellent gross profit margins yet still offers terrific growth potential.

The Olive Branch has served the area for many years and was bought by our clients in 2011 and provides what is now a well used destination place, with 20 covers arranged on mixed sized tables creating a pleasant and welcoming meeting place throughout the day. In our opinion the business could open in to the early evening and provide a Bistro style menu given the many houses locally and lack of other eating establishments locally.

Our client has refurbished the property to provide the current set up which includes good quality fixtures and fittings, a serving area with marble tops and glass display cabinets for cakes and cold drinks. The majority of the income comes from food led sales throughout the day, especially at breakfast and lunch times.

Summary. An excellent opportunity for either an existing operator or someone looking for a lifestyle change to take this business on to the next level by further developing the loyal customer base which has been built up over time since the business was purchased by our client in 2011.

A viewing is highly recommended to fully appreciate the location, condition and overall business opportunity.

Renovations have been done to expand the amount of covers to 26 and brand new extraction system has been put in place.
Tenure: Leasehold

Listed by: Kings Business Transfer

Find out more about this business opportunity.

 
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KBT45162
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