Cafes for sale

View the "Two Coffee Shops Located in Central London" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
View More
Leasehold Price: £495,000 Price Reduced Gross Profit: £312,000
Request Details
Business Description
Business
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.

Location
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).

Premises
Both premises are immaculately and stylishly decorated with quality fittings and furnishings.
A full inventory of equipment can be supplied upon request.

Tenure
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.

Hours
The business is open:

Monday – Saturday: 8:30am – 8pm
Sunday: 10am – 7pm

Staff
There are 8 staff across the two sites.

Financial Profile
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

Find out more about this business opportunity.

 
* REQUIRED
*
*
*
*
*
*
*
*
*
Would you like a free no-obligation discusson with a qualified finance provider who could help you to buy this business?
You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.
Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
 
14598-C J
Seller Reference:
You May Also Like...
loading... 
Welcome to Daltons business. This website uses cookies. Read our Privacy Policy here