Popular & Well-Established Crepe Restaurant in London

Sutton
REF: INT1790

Asking Price:
£45,000
Annual Turnover:
£102,329
Annual Net Profit:
£22,961
Under Offer
REF: INT1790
Photo of Popular & Well-Established Crepe Restaurant in London
Photo of Popular & Well-Established Crepe Restaurant in London
Photo of Popular & Well-Established Crepe Restaurant in London
Photo of Popular & Well-Established Crepe Restaurant in London

Overview

Tenure:
Leasehold
Established:
2015
  • Excellent Reputation
  • Friendly & Professional Team
  • Huge Growth Potential
  • Equipment Included
  • Spacious Premises

This is a unique opportunity to acquire a popular and successful restaurant, which serves a variety of tasty homemade crepes, both savoury and sweet, made directly in front of the customers.

The business has an enviable location in the London Borough of Sutton, which benefits from a spot on the high street and a large volume of passing footfall.

The crêperie was first established in 2015, with the current owner taking over in 2019. Under the present ownership, the business continued to operate successfully, whilst also gaining a loyal, repeat customer base and an excellent reputation for their much-loved French snacks.

The company prioritises offering their customers an extensive menu of delicious foods, including sweet crepes, savoury crepes, toasted paninis, omelettes, ice cream, ice cream milkshakes, juices, smoothies, hot drinks, and much more.

Customers can choose to dine-in, or they can opt for delivery of the flavoursome goods through Just Eat, UberEATS, and Delivery.

With huge potential for growth and all equipment included, this thriving crêperie would be the perfect opportunity for someone in the catering industry, who is now looking to acquire their own successful restaurant.

The business has a prominent location on the high street in Cheam, in the London Borough of Sutton. This brilliant spot benefits from private parking to the rear and is situated in a residential area. Most importantly, there is a high rate of passing footfall, which should ensure plenty of trade for the new owner. There are 13-years left on the long-term lease and the landlord will require a personal guarantee from the new owner. The buyer will also need to cover the landlord's solicitor's fees (approximately £1,500 + VAT), however, the current owner is happy to split this with anyone who has made a strong offer and has paid a 25% deposit.

All equipment is included in the sale, which means the new owner will be able to begin work immediately.

The business is currently run by a friendly, professional team, which comprises the owner, and three additional staff members, two of whom work on a part-time basis.

The current owner is happy to offer an initial transitional period.

This thriving crepe restaurant would be the ideal opportunity for a current operator in the catering industry, who is now looking to acquire their own, successful business.

There is huge potential for growth with this business, as there is a massive opportunity to obtain a licence (subject to planning), which would enable the premises to become a hot food takeaway. The new owner could also look to introduce a healthy range, which would attract a new client base. Furthermore, it could be a fantastic idea to develop a new delivery service.

The business has a website, a Facebook page with 1,000 followers, and an Instagram account with 500 followers, which act as an excellent sales window for the business. It would be highly beneficial if the new owner posted more regularly on social media and continued to grow the company’s online presence.

Features

Key Information

  • Number of Covers: 25
  • Hygiene Rating: 4

Reputation

  • Google: 4
  • TripAdvisor: Very Good

Online Presence

  • Facebook: Yes

Website: www.lovecrepe.co.uk/

Location

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  • Residential Location
  • High Street Location
  • Close to Local Businesses
  • Close to Schools
  • High Footfall

Property

Annual Rent
£22,000
Annual Rates
£3,060
Lease Term (Years)
13
Lease Expiry (Years)
2034
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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