CoGoGo are delighted to have been given the opportunity to manage the sale of Coffee Bank London which is a well-established Coffee Shop/Café with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular, profitable and well used local business in an area teeming with customers which still offers further potential.
Coffee Bank was founded by the current owners when they identified the need for a quality coffee shop in the area. The business has been a real labour of love for the owners, a husband and wife team, and considerable money was spent setting and ensuring that their coffee shop is one of the nicest in this part of London.
The business is now being sold, albeit reluctantly and with heavy hearts only due to the owners wishes to pursue a change of direction and spend more time with their young family. The vendors are keen to see their beloved coffee shop / café / pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level
Coffee Bank already enjoys a great reputation and has an impressive number of regular customers many of whom are known on a first name basis by the owners who are popular and well respected members of the local community.
The business serves traditional fare that is freshly prepared on the premises using seasonal and local ingredients wherever possible. Customers can choose to eat at or collect from the premises and 20% of the sales come from deliveries via Uber Eats and Deliveroo.
The business holds an alcohol licence.
The menu includes;
Hot and cold drinks ( best coffee in town reputedly!)
Breakfasts, traditional and vegetarian, served all day
Sandwiches & Toasties
Breakfast Smoothies
Milkshakes
Cakes
Organic Bakery items
Sourdough Bread
Salads
Pasta
Vegetarian Options
The business is especially well known for its home made cakes and pastries such as Mixed Berry Tart, Banoffee Tart, Red Velvet Cake, Apple Crumble Tart, Strawberry Tart etc.
The sale will include the company website and Facebook page and the business enjoys great visibility online with lovely reviews such as;
“Very friendly staff and atmosphere, good selection of food and drinks“
“Beautifully creamy Cappuccino, delivered with delightful customer service and a very convenient location on East Finchley High Road”
“Very Fine Food…and Very nice service“
Scope to improve;
Advertising and marketing campaign
Increase the delivery service which would have a significant effect on turnover
Extend the opening hours, perhaps opening as a Bistro in the evenings
Explore the possibility of operating a Sandwich Round delivering to local businesses at lunch times
Develop an outside catering side to the business.
Reasons to buy;
A well-established business with an enviable reputation, many existing customers and great visibility on the internet
Current owners happy to offer a handover to ensure the continued success
Prime trading position in the centre of the city with loads of footfall
Ideal owner managed or partnership business
Lends itself perfectly as a ‘Bolt On’ to an existing food business
All fixtures, fittings and equipment included making this a real Turnkey business opportunity.
Very rarely do coffee shops of this calibre come to the open market so early enquiry is highly recommended. This lovely little business is likely to attract considerable interest.
Financial Profile
We are advised that the business generated a turnover in the region of £246,000. Further financials can be made available upon request.
