Cafe Take Away With Great Potential In Covent Garden For Sale

Business description

This Cafe/Takeaway enjoys an excellent location within one of the busiest areas in Central London namely Covent Garden. The many shops, restaurants, bars and theatres in the area bring tourists, shoppers, day trippers, theatre-goers, diners etc flocking to this very popular district making it a highly desirable trading location.

Currently the business provides a variety of traditional Caribbean dishes such as jerk chicken, mutton and salt fish either to eat in or takeaway. We are advised that the premises have A3 usage.

We understand that the quality of the Caribbean food currently sold from these premises is of a very high standard. However in our opinion the very specialist nature of this type of food has limited appeal and therefore may not provide the best commercial opportunity for this area. Turnover could be substantially increased with a change to providing a more popular type of food and/or refreshment with a much broader appeal to the very varied and large numbers of visitors to this busy area.

Property information

Property:

Leasehold

Lease terms:

We are advised that this lock-up shop premises are secured on a long lease that terminates in 2023. The rent is currently £24,500 per annum and the next rent review is in December 2012. The business rates are £6000 per year up to 2010.

Leasehold rent:

£24,500 per annum

Location:

This Cafe/Takeaway enjoys an excellent location within one of the busiest areas in Central London namely Covent Garden. The many shops, restaurants, bars and theatres in the area bring tourists, shoppers, day trippers, theatre-goers, diners etc flocking to this very popular district making it a highly desirable trading location.

Premises details:

The shop has an attractive double fronted partially glazed frontage. It is situated on the ground floor of a Georgian style mid-terrace property close to a number of very popular restaurants, bars and approximately 100 metres from one of London’s best known theatres. The customer area has seating for about 8 - 10 people with a heated serve over display counter and a WC. There is also a kitchen and small storage area in the basement.

Other information

Expansion potential:

We understand that the quality of the Caribbean food currently sold from these premises is of a very high standard. However in our opinion the very specialist nature of this type of food has limited appeal and therefore may not provide the best commercial opportunity for this area. Turnover could be substantially increased with a change to providing a more popular type of food and/or refreshment with a much broader appeal to the very varied and large numbers of visitors to this busy area.

Trading hours:

Opening hours are 09.00am – 11.00pm.