Growing Cafe in London

London
REF: 03386

Asking Price:
£29,995
Annual Turnover:
£56,000
Annual Net Profit:
TBC
Recently Sold
REF: 03386
Photo of Growing Cafe in London

Overview

Tenure:
Leasehold
Established:
2011
  • Popular menu options
  • Great reputation
  • Healthy annual turnover
  • Excellent location
  • Growth potential

Offering a range of home-cooked products and delicious hot beverages, this coffee shop has developed a solid reputation since its establishment at the height of the recession in March 2011.
With an diverse coffee menu, this business has grown rapidly and has attracted a large and loyal customer base over the years.
This is a well-operated business, which has maintained low overheads to consistently bring in high revenue and as a result has become popular amongst its local inhabitants.
A new owner is presented with a lucrative platform which has set strong foundations and is now primed for additional growth.

Providing a range of high-quality food and drink, this business offers a relaxing atmosphere to its customers and is known for its quick & first class customer service.
With great coffee & freshly backed products, this business has acquired a steady base of regular customers, with a healthy average spend.
The business trades from a single story building which features clear exterior signage displaying the business name. Internally, the business features a small seating area for 6 to the front of the premises for customers wanting to dine in. There is a serving counter positioned in this area, ideal for dealing with customers’ orders and transactions. There is plenty of space to display the cafes produce on the counter.
There is also generous space behind the counter which could be made smaller to make space for another table.
With no active advertising in place, the business has grown organically through word of mouth recommendations and through its reputation to successfully amass a large customer base. Last year it was awarded best cafe in its part of East London by the Timeout Love London awards.

Intelligent Business Transfer are pleased to offer for sale a well known, high quality cafe, favored by locals for its range of delicious coffee and baked products. Since it began trading 5 & a half years ago, the business has experienced consistent growth and acquired a large group of customers which have helped it generate an annual turnover in excess of £55,000. Such a cafe provides a superb platform for an owner/operator with experience of working within the catering industry. The right buyer could develop the business further by implementing a number of changes. There exist a number of growth opportunities, which include: adding to the menu and extending business hours to include evenings, which would allow the business to operate as a bistro, offering a variety of evening meals. Offering a variety of alcoholic beverages would also attract more patrons. Creating an online website and embracing social media would successfully help increase exposure to the business and by listing on popular sites like JustEat, HungryHouse and TripAdvisor would also be beneficial. Introducing a delivery and external catering service would also be beneficial to the business. Intelligent Business Transfer are looking for a suitable buyer who will maximise the potential this business offers and continue to provide excellent food and customer service to the local inhabitants. Being situated around the corner from Aldgate East Tube this provides an endless stream of commuters and visitors to Brick Lane.
The business is at a plug & play stage and comes with all the equipment including a fully reconditioned 3 group Wega espresso machine.
The current owner is happy to supply full coffee training to the new owner & staff.

Features

Online Presence

Website: Face Book Page

Location

Property

Annual Rent
£13,800
Annual Rates
£462
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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

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