Restaurant/cafe for sale in London, England, United Kingdom E1, £359,995

359,995.00

Offer Nr.:
62717618
Type of ad:
for Sale
Property type:
Restaurant/cafe
Contact name:
Hilton Smythe Business Sales
Phone(s):
01204 351867

_Business_
_Please quote reference B07086_
Hilton Smythe are delighted to welcome to the market a highly rated coffee
shop based in the Bethnal Green area of London.
The business was established by our clients in 2018, building up an excellent
reputation and loyal customer base.
Only now does the business come to the open market due to our clients desire
to move onto other business ventures.
The business trades as a Coffee Shop on the ground floor, with 3 rental
properties above.
Key selling points -
* Repeat custom
* Scope for expansion
* Handover offered
* Additional income from rental properties above
* Excellent reviews
All fixtures and fittings are included in the sale, with a detailed list of
equiptment/assets available upion
_Location_
The coffee shop occupies a highly desirable trading location on Mile End Rd in
Bethnal Green, London.
The business receives high levels of footfall and passing trade.
_Premises_
The business occupies a busy single fronted unit on a main road, with eye
catching signage and external seating to the front.
Ground floor -
* Main entrance to the service area
* 16 internal covers/16 external covers
* Serve over counter
* Modern decor and light
First & Second floor -
* 3 rental properties
* Fully tenanted with rental incomes of £900, £800 & £850 per month.
_Tenure_
We are advised that the business is being sold on a Leasehold basis, with 16
years remaining on the 20 year lease. The rent is £3, 750 per month.
_Hours_
The business hours are -
Monday – 08: 00 – 17: 30
Tuesday – 08: 00 – 17: 30
Wednesday – 08: 00 – 23: 00
Thursday – 08: 00 – 23: 00
Friday – 08: 00 – 23: 00
Saturday – 08: 00 – 23: 00
Sunday – 08: 00 – 23: 00
_Staff_
We are advised that the business has 4 full - time members of staff.
_Financial Profile_
We are advised that the business generates a turnover in the region of
£750, 000 as per the 2023 accounts. Further financials can be made available
upon request.
_Please quote reference B07086_

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