Fantastic Cafe Near Bloomsbury Holborn WC1 For Sale

Business description

LOCATION: Fantastically located café close to the British Museum tourist area and a densely populated business district. The business is situated in a superb no vehicle ‘square’ on a busy street popular with tourists and local businesses alike and off a busy main road.

DESCRIPTION: This superb Lebanese Cafe has a wide frontage with 25 seats on the ‘square’ outside. The premises are arranged on ground floor and basement levels. The ground floor comprises a beautifully fitted 30-seater coffee shop/sandwich bar which is exceptionally attractive. There is a serve-over counter with a fully equipped kitchen. Descending to the basement area is a newly refurbished 20-seater dining area with a fully fitted kitchen, storage, toilet and washroom facilities.

EQUIPMENT: The business is fully equipped the ground floor equipment includes a refrigerated display counter, espresso/cappuccino coffee machine (leased), 3 microwave ovens, 2 refrigerators and cash register. The basement is equipped and includes a 6 hob oven, chest freezer, blenders, dishwasher, etc.

BUSINESS: We are informed that the business is currently taking £5,000 - £6,000 per week including £2,000 per month on catering deliveries. The business has A3 use and has an alcohol licence which is now difficult to obtain in this prime area. There is scope to increasing the takings through extending the opening hours to 11:00 p.m or opening Saturdays. There is significant new office development within the vicinity and potential to take the next-door unit. Run by owner plus 1FT/3PT staff earning £800pw.

HOURS: 8:00 a.m. to 6:00 p.m. Mon - Friday

ACCOMM: There is no residential accommodation.

TENURE: Lease commenced in 2000 for a term of 15 years and the current rent is £28,500 per annum with reviews every 5 years.

RATES: Business rates payable are approx £ 7,290 per annum

Property information

Property:

Leasehold

Lease terms:

Lease commenced in 2000 for a term of 15 years and the current rent is £28,500 per annum with reviews every 5 years.

Location:

Fantastically located café close to the British Museum tourist area and a densely populated business district. The business is situated in a superb no vehicle ‘square’ on a busy street popular with tourists and local businesses alike and off a busy main road.

Other information

Expansion potential:

There is significant new office development within the vicinity and potential to take the next-door unit.

Reasons for selling:

Owner emigrating

Trading hours:

8:00 a.m. to 6:00 p.m. Mon - Friday

Financing available:

Yes finance available for the right buyer

Inventory / Stock value:

£2,000