Friendly 24hr Café in Central London

Barbican, London
REF: R06974

Asking Price:
£100,000
Annual Turnover:
£150,000
Annual Net Profit:
£42,000
REF: R06974

Overview

Tenure:
Leasehold
Established:
1977
  • Well-Established
  • Prime Location
  • All Equipment included in the Sale
  • Open 24hrs a Day
  • High Footfall

This is a rare opportunity to grab a fantastic little café in a prime location within Smithfield, London. The business is strategically open 24hrs in a busy area, which is one of its unique selling points. All walks of life flock towards the café during the day or in the early hours of the morning. The current vendor has had ownership since its conception in 1987.

Well-established and long-standing, the café has built an excellent reputation, accommodating a wide range of clientele including market sellers/visitors, office workers, tourists, commuters and the general public. London city centre is brimming with life and an upwardly mobile crowd.

The focal attraction for this café is its central positioning. Close to Barbican station, the café operates next to a historical market, serving meat buyers from 2 am onwards. The cafe offers breakfast, hot/cold drinks, snacks, meals, omelettes, hot/cold sandwiches and set meals for very reasonable prices, especially for the location.

The business has garnered a plethora of 5-star reviews online with happy customers commenting on the friendly and professional service.

The cafe occupies a terraced property with a single glass front. Inside the premises, shop floor occupies a small space giving customers the option to eat in or take away. The business can accommodate 16 covers operating transactions at the counter to the back of the shop.

Behind the till to the right is a small staircase which leads to the basement. This space is used to store all equipment and groceries. Equipment includes: a deep fryer, slicer, air conditioning unit, 3 fridges, 2 freezers and a microwave. Everything is to be included in the sale, allowing for the new owner-operator to walk straight into a fully functioning business.

The current owners are willing to stay on for a two week transitional period to help familiarise the new owner to the business operations.

Residing in central London, with massive scope for growth, this is a fantastic opportunity for the right buyer to take on a well-established, lucrative café. With a new museum and Crossrail opening in the surrounding area, there is guaranteed trade for the future and massive scope for further growth.

This opportunity would suit someone with vision and creativity, also looking for an ideal spot to run a catering business. Ideally, the new owner would be an experienced café runner or an existing trader looking for a property in a prime location.

A new buyer could consider seizing other possibilities for the business. For example, adding fish and chips to the menu would be beneficial and popular with tourists and passing trade. To further grow the cafe, the new owner could update the simple décor, revamp the atmosphere, thus encouraging more customers to eat in the shop.

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  • City centre location
  • High footfall
  • Public transport access
  • Other businesses nearby
  • Car parking nearby
Rent
£22,500
Rates
£1,000
Lease Term
TBC
Lease Expiry
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Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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