Buy a Hugely Busy Cafe,Prime Location For Sale business for sale in City of London on BusinessesForSale.com

  • Advert ID: 652046
  • (Seller ref: NW206)

Hugely Busy Cafe,Prime Location For Sale


Location:
Category:
Asking price:
£230,000 (Furniture / Fixtures included)
Sales revenue:
£500,000
Net profit:
£100k < 250k
Years established:
2000
Employees:
5 full time and 2 part time staff.


An exceptional opportunity to purchase a quality business with excellent track record of strong trade thanks to an excellent position on this busy street with little direct local competition. Located close to the intersection of two busy city streets, this location has very good and consistent foot flow.

Very well equipped, the business benefits from a Pizza oven
And extensive food prep/kitchen in the basement. Fully air-conditioned throughout, this business has a prime location and has developed its service to many local businesses to the extent that they have full web based ordering available and a level of delivery business. Known for its fresh food preparation and good menu offering not just standard cooked fare but good range of pizzas and pasta, the business has worked hard to develop an excellent local reputation, and has benefited from that.

Further potential exists for the use of the basement to be developed into further seating and to extend the food offering and mix.

The business currently trades as a Sandwich shop and café with a strong Italian “flavour” to the menu. Open Monday to Friday only, 7am to 4pm.
Staffed currently by 5 full time and 2 part time staff.
We are advised that trade is approximately £9,000 p/week

The property is arranged over the ground floor then kitchen/open grill to the rear, and further kitchen facilities to the rear , internal storage and WC facilities and managers office.

GROUND FLOOR RETAIL ZONE A 16.20m2,
GROUND FLOOR RETAIL ZONE B 31.00m2,
GROUND INTERNAL STORAGE /FACILITIES 8.70m2
BASEMENT INTERNAL STORAGE 24.80m2
TOTAL80.70m2
Shop frontage approx 4m wide. Ground Floor set up with serving to the immediate right upon entry (storage/food prep) with seating to the rear for up to 28 people.
Access to the basement, currently used for storage, with good existing food prep facilities in place.


The unit is offered in excellent internal condition.



Property:
Leasehold
Lease terms:
The property is held by virtue of a 15 year full repairing and insuring lease expiring in 2021. Passing rent is £43,000 per annum. 5 yearly reviews. Next review 2012.
We have not been advised regarding a further service rent.
Location:
Located close to the intersection of two busy city streets, this location has very good and consistent foot flow with a good mix of business and residential pass by trade.

Reasons for selling:
Family reasons
Trading hours:
Monday – Friday 7am to 5 pm
Related documents:

For more information about this business for sale, click the Contact Seller button.

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