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London - Cafe For Sale

London
Asking Price:
£90,000 Furniture / Fixtures included
Turnover:
£156,000
Net Profit:
Available on request

Established Since 2010
Weekly Turnover £3,000
Gross Profit TBA
Customer Seating for 10
Closed on Sundays
EPC - D

REF 5825 – Leasehold Cafe

Blacks Brokers are proud to bring to the market this leasehold cafe located in the much sought-after area of Shaftesbury Avenue, London.

INTRODUCTION

The Coffee Tree has been trading on Shaftesbury Avenue, London since 2010 and over that time it has firmly established itself within the area, with a large customer base established and a reputation second to none.

LOCATION

Situated on the well-renowned Shaftesbury Avenue in Central London, this superb trading position brings an immense amount of trade from passers-by and visitors to the area, to city workers and locals. Right in the heart of London’s theatres, Covent Garden and Oxford Street lie close by. The area is busy year-round and parking is available directly outside, public transport links in the area are superb. The public area of Princes Circus which is the junction of Shaftesbury Avenue and High Holborn is due to be updated in order to make the area even more appealing to the public. There are plans in place to add a new large public space to the front of Shaftesbury Theatre along with new seating and planting to the area. There are also plans to make Shaftesbury Avenue a two way road for vehicles to pass through along with the addition of protected cycle lanes in both directions. The road between Shftesbury Avenue and Grape lane is also going to be pedestrianised with the crossings between St Giles Circus, Covent Garden and The Birtish Museum due to be updated and loading bays being introduced to the Princes Circus area Monday - Saturday 08:30 - 18:30.

REASON FOR SALE

The business is only being offered for sale due to our client’s other business interests and commitments.

LEASE

The building is available on a competitive rent on an Internal Repair Only lease (IRO lease). This is the most common form of commercial property lease. The current lease is 5 years and began in 2017 at a cost of £29,500 per annum.

BUILDING LAYOUT AND DESIGN

The business is housed within the ground floor of a deceptively spacious, double fronted unit, five storeys in height and is positioned within a busy and popular parade of other shops and businesses. Inside, there is a small, beautifully presented dining area with seating for ten. The servery area is of rustic design, with wooden floor and wooden counter area, menu boards are displayed above and fresh cakes, breads and treats are displayed traditionally. To the rear is a well-equipped kitchen and customer toilet.
All areas are nicely presented and clean with good quality fixtures and fittings which have been well maintained.

STAFF

The business is currently operating with two members of staff in place.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates weekly takings of £3,000 and rates payable for this property are £8,000 per annum.

SUMMARY

The Coffee Tree is located on Shaftesbury Avenue in the heart of Central London close to Covent Garden and Oxford Street and many of London’s famous theatres. An area with very high footfall and constant flow of tourists and theatre goers. The business has traded solidly over the last seven years, yet there is good scope for expansion with the introduction of a menu expansion to include small meals and snacks to increase turnover and profitability. Early viewings come highly recommended, this area is exceptionally popular and early completion is anticipated.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Fri - 8am - 7.30pm
Sat - 11am - 3pm
Sun - Closed

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