Location:
BTC are delight to share this fast food and cafe business located in East London and close proximity to Major University and with good access to public transportation options, The location appears to offer visibility and potential for a retail or commercial business, This shop benefits from significant foot traffic owing to its prime location, prominently situated next to the Central Line Tube station, Area sees significant pedestrian and vehicular traffic which could be beneficial for a retail or commercial business operating from this location. The premises is location close to the nearest school, parks, and football club.
Overview:
Great opportunity to acquire the business in prime location and possibly the most visible in the local area. The business has been successfully operated by the current owner for 40 years. The premises has A5 and A1 license and is currently running as a coffee shop, fast food and key cutting.
All equipment is well-maintained and fully operational, with the added benefit of a gas supply included in the shop. Additionally, the shop is equipped with 3-phase electricity, making it suitable for a restaurant setup serving breakfast, lunch, and dinner. Inside, there are 12 covers available inside so the new owner can start the business from the very next day.
The initially designed as an open-plan layout. However, it has since been divided into two separate units, each leased to operate individual businesses.
TURNOVER: £10,000 Per week
POTENTIAL: Oncoming buyer can start adding new items on the menu as the premises have gas supply inside it, so new buyer can start delivery and can be open to serve breakfast from early morning to boost the business.
Total Size: Approx. 1500 sq.ft
TENURE: Leasehold
RENT: £42,000 Per annum
RATES: To be confirmed
Additional potential: The shop has the advantage of a license allowing it to remain open until 2 AM, this will help attracting more customers and boosting income.
Price: Offer in the excess of £500,000 which includes premium for the location and goodwill for business
Viewing to be arranged only by BTC
