CAFE AND RESTAURANT BUSINESS FOR SALE WITH REF CS0595
£125,000
LOCATION:
Opportunity to acquire a cafe business situated in the vibrant neighborhood of Leytonstone and its located very close from the local train station, ensuring a steady flow of commuters and visitors alike. The cafe is just 1 mile away from schools and a mile away from the nearby football club, 5 minutes from nearby shopping centers, offering an excellent opportunity for shoppers to pause and refresh. The cafe is located on the high street and benefits from significant foot traffic, drawing in both locals and tourists. Its prime location serves between residential and commercial, catering to a diverse range of customers.
Reason to sell: Due to long distance of travelling.
OVERVIEW:
Newly establish from past 4 years, With its inviting ambiance and stylish decor, this cafe offers a spacious seating area that can accommodate up to 50 guests inside, The interior is fully furnished, allowing oncoming buyers to hit the ground running with a business that's ready for immediate operation, The cafe enjoys a prime location that benefits from heavy foot traffic, ensuring a constant stream of potential customers & maintained in very good condition, the cafe boasts a warm and welcoming decor that has consistently earned a excellent rating for food and service. The cafe is famous for various functions, family gatherings, events, karaoke nights and other small parties.
Cafe comes with charming garden at the rear that provides additional space and a pleasant atmosphere for guests. The restaurant is fully Equipped with 1 coffee machine, 1 grinder, 1 robotic juicer, 1 orange juice machine, Cake display, 2 ovens, 2 cash registers, Gas cooker, Hotpot, Fryer, 1 chiller, 2 refrigerators & all other essential tools needed to operate the cafe seamlessly.
TURNOVER: £5000 Per Week
POTENTIAL: This business has great opportunities for expansion. Currently, the business does not have their own website so oncoming buyer can start their website and take orders and deliveries which will help for increasing sales and profits. Moreover, there's potential to enhance revenue by obtaining an alcohol license this will help to boost overall sales. The property also features a garden area that can be transformed into a sheesha lounge, taking advantage of the open space to offer a unique experience. Lastly, expanding the menu with new offerings could further increase turnover.
STAFF: Currently managed by 4 staff members
RENT: £14,000 Per Annum
RATES: No business rates
Parking: Plenty of off street parking available.
SIZE: Total area - 900 sqft Approx. (out of that 450 sqft Approx. is shop and kitchen, Garden area is 350 sqft Approx.)
TRADING HOURS: Monday to Saturday - 8:00 AM to 6:00 PM and Sunday 9:00 AM to 6:00 PM
Additional Potential: The new owner has the opportunity to boost sales significantly by extending the cafe's operating hours. By offering dinner and late-night delivery services.
Financials and Price: The business is marketed for £125,000 plus SAV. It includes the goodwill, fixtures & fitting.
For more information or to arrange a viewing, please contact Skyline Commercial Properties at 0204 572 0717 or email us at info@skylinecommercialproperties.co.uk.
Reference: CS0595
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.