Established Cafe & Catering Business In London For Sale

Property Information

Property:

Leasehold

Lease Terms:

15 years inside the act, 7.5 years remaining. Rent review every 5 years

Leasehold Rent:

£30,000 per annum

Location:

Situated in one of London’s most sought-after locations, the cafe benefits from Tourist, Office & Residential foot fall.

Premises Details:

A high street terrace retail shop with new awning, traditional frontage, single entrance leading into the premises which measures approximately 645 sq. ft. on ground floor, and an additional 258 sq. ft. in basement. The store benefits from windows at the rear for natural ventilation.
Lots of storage, separate customer and staff toilet, Like new clean hygienic kitchen, abundance of good equipment, and the ability to seat 29 people inside and 6 outside.

Size in square feet:

903

Business Operation

Expansion Potential:

Extend opening hours to capture more business.
Increase office catering services as there is high demand in the area.
Add delivery options through Uber Eats and Deliveroo.
Supply local cafes with products (wholesale).
Introduce new products, such as healthy meal options.
Utilize the premises license.
Boost social media marketing efforts.
The council is discussing fully pedestrianising the street, which will greatly enhance customer flow.
A large development at the end of the street will bring hundreds of new potential customers to the area.
Utilizing the gazebo and additional equipment included in the sale for outside catering events.
Open small local satellite stores that are fed from the main store.
The original design with seating for 30 inside and 4 outside can easily be re-instated; if this were done, it could pay off to rent an external kitchen, increase internal capacity further, and use the premises as a bar as well in the evenings.

Competition / Market:

Some healthy competition, but they have different offerings, and that fortunately helps attract a quality clientele to the area - all year round.

Reasons for selling:

Immigration

Trading hours:

Mon. 8am - 4:30pm
Tues to Thurs. 8am - 5pm
Sat. 9:30am - 6pm
Sun. 10am - 5:30pm.
In the winter months the business trades until 4pm weekdays, 5pm weekends.
The business closes 1hr later on hot days to capitalise on summer sales.
The business also closes 2 weeks over Christmas and is generally closed bank holidays in Jan - Apr. Plus closed on Sundays from Jan - March.
Trading hours are not restricted, so can easily be extended which will increase the turnover greatly.

Employees:

5

Years established:

16

Other Information

Support & training:

Excellent training given and ongoing support available

Inventory / Stock value:

£2,000