A1 Cafe In City Of London For Sale

Business description

Located in busy site in City, close to underground station with heavy footfall of passing trade from both commuters and local office workers. 5 days week with short trading hours. Only opened for approx. 18 months and in that time has built up a trade of between £4,000-£5,000 per week.
TFL lease. Rent £22,500 pa.

Property information

Property:

Leasehold

Location:

Location
Close to Underground station in the heart of the City benefitting from a heavy footfall of passing trade from both commuters and office workers in the close vicinity.

Business
A1 Café and Take Away serving mainly the breakfast and lunch trade working short hours. The business has only been operated by the owner since beginning 2010 and is being offered for sale due to his other business commitments and moving into a different type of business. Trading Breakfast and Lunch serving Sandwiches, Paninis, light hot and cold and food, hot and cold drinks.

Advised turnover £800-£1,000 per day (£4,000-£5,000 per week) working on a gross profit of c65%.

Hours
7am - 3.30pm Monday to Friday only.

Staff
Operated by a partnership of two owners and part time staff with a wage bill of c£350 per week.

Premises
Mid unit on the Ground Floor of an office block with glass frontage and exterior signage.
Interior: fitted with tiled flooring, painted walls and low level ceiling with seating for 16 people at wood tables and chairs.
Equipped with a 2 refrigerated display serving counters, double Panini machine, 2 microwaves and toaster.

Preparation area to the rear equipped with 2 ring electric hob, electric convection oven, slicer, fryer, fridge, stainless steel worktops and double stainless steel sinks.

Fully tiled staff cloakroom.

Tenure
6 year TFL (Transport for London) lease commenced 2010. Rent £22,500 per annum. Rates c£11,000 pa.
A 6 month rental deposit will be required by the landlord.