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Superb Patisserie & Cafe situated in a sought after extremely affluent London suburb

London, England

  • Leasehold Price: £150,000
  • Annual Turnover: £200,000
Seller Reference: 1394
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Business Description
 
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Seller Reference: 1394
Request Details
Business Description
• Superb Patisserie & Cafe
• Situated in a sought after extremely affluent London suburb
• Well-presented throughout
• Healthy turnover and profits with scope to improve
• Excellent local reputation
• Valuable inventory of quality fixtures & fittings
• Highly visible trading position
• Recently refurbished
• Fantastic change of lifestyle opportunity
• Sensible trading hours over 6 days
• Good mix of complementary businesses nearby
• Genuine reason for sale

Falcon Commercial is delighted to offer for sale this extremely well-presented Patisserie & Cafe which occupies a prime trading position in a sought-after upmarket London suburb. It has been under the proud ownership of our clients since 2012 during which time they have made considerable investment and improvements to the premises. It is now reluctantly being placed on the market as the owners are looking to semi retire.

During our client’s stewardship the business has built up an excellent reputation for its welcoming friendly atmosphere, fantastic cakes and pastries which are all made on the premises along with its great service.

This thriving business is mainly operated as a daytime Patisserie & Cafe with food being cooked to order and where all produce is sourced locally wherever possible. Customers can also request cakes and pastries to be specially made for virtually any occasion. It is considered the premises are suitable for all types of cuisine.
The business is run by our client with help from a dedicated team of full and part time staff. It generates an excellent turnover which is in the region of £200,000 per year with healthy gross profit margins.
There is ample scope for continued growth, not least with regard to the possible expansion of local delivery and outside catering services. There is also tremendous potential to increase the turnover by possibly running a modest marketing campaign or by extending the opening hours to include Mondays or to open more evenings maybe as a Bistro.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended

The Premises
The premises occupy a fantastic and highly visible trading position on a busy main road among numerous other complementary independent and multiple businesses in the heart of a prosperous London Suburb.
They occupy a substantial and well maintained single storey leasehold building which is fitted and presented to high trade specifications throughout. There is ample customer car parking close by.

The premises briefly comprise:

Ground Floor
• Main café area which is open plan and has approximately 45 covers. It features a large food service counter area with 3 x glass-fronted and refrigerated, delicatessen-style food display and serve-over counters, electronic till point and ambient wall-mounted bakery displays
• Fully equipped open preparation area
• Commercial kitchen and bakery with extraction system housing ample work surfaces, storage units, walk in cold room and a full range of well maintained catering equipment.
• Customer toilets
• Staff changing room
• Store

External
• Rear service yard.

Business Details

Opening Hours
• Monday Closed
• Tuesday 8.00am – 5.00pm
• Wednesday 8.00am – 5.00pm
• Thursday 8.00am – 5.00pm
• Friday 8.00am – 5.00pm
• Saturday 8.00am – 5.00pm
• Sunday 8.00am – 1.00pm

Turnover
• £200,820 Per year

Business Rates
Business rates payable: £3,500
Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk

Stock
The business stock value is: £1,000

Staff
The business is run by the proprietor with help from a dedicated team of full and part time staff.

EPC
Commercial Energy Performance rating: TBC

Tenure
• Leasehold.
• We are advised that the business comes with the benefit of a secure lease which was originally for 15 years and has 10 years remaining. There are rent reviews every 7 years. The current rent payable is £25,000 per year
Please Note: The Code for Leasing Business Premises in England and Wales strongly recommends you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The Code is available through professional institutions and trade associations or through the website: www.leasingbusinesspremises.co.uk

Legal Costs
Each party to bear their own legal costs incurred in the transaction.

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Planning
For further information, you should make your own enquiries to the relevant District Council

Viewing
Strictly by appointment with the vendor's agents, Falcon Commercial, Second Floor Offices, 114/116 High Street Honiton EX14 1JP on 01404 758081

Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thank you
Tenure:
Leasehold
Location Details:
The premises occupy a fantastic and highly visible trading position on a busy main road among numerous other complementary independent and multiple businesses in the heart of a prosperous London Suburb.
Leasehold Term:
We are advised that the business comes with the benefit of a secure lease which was originally for 15 years and has 10 years remaining. There are rent reviews every 7 years. The current rent payable is £25,000 per year
Listed by:
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