Retail - High Street to Rent

• A3 Retail
• Assignment of Lease
• Great Business Opportunity
• Excellent Transport Links

• Well Established Coffee Shop/Caf
• Rent ?16,000 Per Annum
• Good Location
• Turnover ?160,000 per Annum

• Not Specified

• Weekly

Full Description

Humphrey & Co Estates London"s Local Property Agent are delighted to welcome to the market this well-established coffee shop/caf? business in a prime trading location in Hackney, London.

The business was established in 2005 and has been in our client's careful ownership since 2010. Only now is the business being offered to the market due to our client's desire to concentrate on other business interests. The coffee shop currently operates 6 days per week and generates a turnover in the region of ?160,000 per annum, with a gross profit of approximately 70%.

Our client offers a wide variety of fayre including full English, salads, pasta, various dishes and hot and cold sandwiches, to name a few, as well as a variety of hot and cold beverages.

The business has built up an enviable reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a very high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening in the evenings as a bistro or offering Sunday trading. A new owner could also embark on a modest marketing campaign to promote the food and services offered.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

This Property is Located at the junction of Well Street and Morning Lane (B113) and benefits from being on an active commercial parade that is well served by the local community, as well as being a stone throw away from the renowned Hackney Walk Designer Village & Hackney Central Overground Station.

TENURE
We are advised Leasehold:

Original lease length: 25 years
Remaining lease length: 13 years unexpired
Rent Review: 5 yearly
Rent: ?16,000 per annum

HOURS
The business is open:

Monday - Saturday: 7.00am - 4.00pm
Sunday: Closed.

STAFF
The business is owner run and managed with 4 staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of ?160,000 per annum, with a gross profit of approximately 70%.

The property boasts approximately 75 sqm of floor space, incorporating a spacious service area with approximately 40 covers and a commercial kitchen.

PREMISES
Substantial ground floor premises, ideally located in a prime trading location, briefly comprising:

Ground floor:

Main caf? area with 10 tables and 40 chairs.
Main serve over counter.
Delicatessen refrigerator.
Drinks refrigerator.
Coca Cola branded refrigerator (free loan from coca Cola).
under counter freezers.
Under counter refrigerator.
panini presses.
Under counter glass washer.
microwave ovens.
coffee machines and grinders.
CCTV system.
WC.

Rear:
Kitchen with:
Commercial refrigerator.
Freezer.
Griddle.
Fan oven.
Dairy refrigerator.
large freezers.
chest freezers.
store rooms.
WC.