LOCATION:
This is a great opportunity to acquire a coffee shop near Harrow, a busy and diverse area of north London. The coffee shop is surrounded by many national banks, retail brands, restaurants, cafes, and pubs, attracting a lot of customers. The coffee shop is also very convenient for public transport, as it is located right outside the underground station and near to the bus stop.
Genuine retirement sale
OVERVIEW:
The coffee shop has two entrances and benefits from a high level of passing foot traffic. Its in brand new condition with an ambient décor and 26 covers. The business is fully equipped with CCTV, coffee grinder, a stainless steel counter fridge, juice machine, chiller, wash hand basin, and more. The coffee shop has a loyal customer base and a five-star online rating for food and service. its highly recommended for functions and family get-togethers. The current vendor has already spent approx. £70k to £80K to refurbish the shop.
TURNOVER: Approx. £5000 P.W.
POTENTIAL: The business has a lot of potential to grow as it currently does not offer delivery services on any online platforms such as Just Eat, Uber Eats, or Deliveroo. So the oncoming can start these services and increase the sales and profits. Additionally, there are 4,000 new flats, and many other new developments are being developed in the area by next year, which will bring more business to the coffee shop.
Rent: £30,000 P.A.
Rates: £2750 P.A.
Parking: Reservation only for one hour, otherwise free parking for the whole day.
USES: A3 license
Tenure - It has got TFL Lease and 5-year lease left and renewable lease
Shop size - 600 sqft total Approx.
TRADING HOURS: 7:00 a.m to 4.00 p.m. Monday to Friday
Saturday & Sunday - 8:00 a.m to 4:00 p.m
Additional potential: The new buyer can extend the opening hours to increase the sales and currently, the shop only serves breakfast and coffee, but the oncoming buyer can expand the menu to include dinner options to boost sales even further.
Financials and Price: The business is marketed for £70,000 plus SAV. It includes the goodwill, fixtures & fitting.
Call BTC for further details and appointment for viewing: --- ---- ---- or email us on [email protected]
