LOCATION:
The shop is located on a busy road in central London & established for the past 8 years, The business is in a bustling area with heavy foot and vehicular traffic, It is surrounded by plenty of schools and just a mile away from bus stops.
Reason to sell: Vendor has a young family and other commitments that need full-time management.
OVERVIEW:
The business has built a loyal customer base through excellent service and a reputation for providing quality food. The shop has got a trendy and stylish interior with a vibrant atmosphere. The menu features platters, Gourmet Burgers, Drinks, veggies, and Milkshakes. It has got very good reviews on Google.
The shop comes with a fully equipped kitchen with state-of-the-art appliances & got 28 covers inside, It has a tiled floor, high ceiling with LED lights, EPOS till, Display Fridge, Drinks dispenser & CCTV system.
POTENTIAL: The business has a lot of potential to grow. It can resume selling waffles and crepes, as it has all the necessary equipment, once it hires a chef. It can also add shisha to its offerings, as there is a space at the rear and has a separate entrance & it will pull local students as there is a university near to the restaurant.
The business has a website but does not offer delivery services at the moment. It is listed on online platforms like Deliveroo and JustEat. The other potential is to add a breakfast menu, other cuisines, and more or any other cuisine if desired.
The shop is in excellent condition with great ambiance, good décor and has been well taken care of. There is no need for any additional expenses or repairs. The new owners can start running the business right away.
Turnover: £3500 Per Week
Tenure: Leasehold
13 years lease remaining under landlord tenancy act.
Rent: £22,000 Per Annum
Rates: No business rates
Parking: 2 car parking for vendors and plenty of off-street parking available.
Shop size:
Floor Space - 300 sqft Approx., Kitchen space - 220sqft Approx., Storage - 250 sqft Approx. (Total 770 sqft Approx.)
Trading hours:
12:00 PM to 11:00 PM - Monday to Saturday (Sunday closed).
Additional Potential: There is room for growth in the business by expanding the operating hours. The business has a license to open from 11:00 AM to midnight and can also open on Sundays. Oncoming buyers can also start bubble tea, frozen yoghurt or slush machine as the school is also down the road.
Empty Shop: It can be given as and empty shop and equipment's will be taken away at the price of £40,000 Premium
The business is marketed for the goodwill of £75,000 plus SAV it including all the fixtures and fittings.
For further information, please contact the BTC Commercial and Investment team on ---- --- ---- or [email protected].
