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Cafe for sale

Roman Road,London,E3

Leasehold 87 sq. m. | £60,000

Property Description

Commercial information

  • Business for sale
  • 936 sq ft (87 sq m)

Key features

  • REF 3104
  • LEASEHOLD BUSINESS
  • CAFE

Full description

Tenure: Leasehold

LOCATION
Kiki Coffee Shop occupies substantial ground floor premises, ideally located on the very busy Roman Road within the Bow district of London. The business is surrounded by a wealth of complimentary shops and businesses and benefits from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the immediate area.

Bow is a district in east London, within the Borough of Tower Hamlets. Bow underwent extensive urban regeneration including the replacement or improvement of council homes, the redevelopment and rejuvenation coincided with the staging of the 2012 Olympic Games at nearby Stratford.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Bow Road Underground Station is just over half a mile away. The area is also well served by the A-roads, with both the A11 and A12 being within easy driving distance, which link to the national A-road and motorway networks. Romford is approximately 12 miles away and the City of London is 4 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established coffee shop/café business in a prime trading location in Bow, London.

The business was established in 2005 and has been in our client's careful ownership since 2008. 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 £184,000 per annum, with a gross profit of approximately 72%.

Our client offers a wide variety of fayre including full English and Italian style breakfasts, salads, pasta, various Italian dishes and hot and cold sandwiches, to name a few, as well as a variety of hot and cold beverages. Our client also offers a delivery service, which has proved very popular and outside catering, which includes three contracts with local authorities.

The property boasts approximately 87½ square metres of floor space, incorporating a spacious service area with approximately 30 covers and a commercial kitchen.

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. The coffee shop already has a website in place, which offers online ordering facilities.

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.

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

Ground floor:

Main café area with 11 tables and 30 chairs.
Main serve over counter.
Display refrigerator.
Delicatessen refrigerator.
Drinks refrigerator.
Coca Cola branded refrigerator (free loan from coca Cola).
2 x under counter freezers.
Under counter refrigerator.
2 x panini presses.
Under counter glass washer.
3 x microwave ovens.
2 x group arm coffee machines and grinders.
6 x CCTV system.
Air conditioning unit.

Rear:

Kitchen with:

Commercial refrigerator.
Freezer.
Griddle.
Fan oven.
Dairy refrigerator.
3 x large freezers.
2 x chest freezers.
Glass fronted refrigerator.

2 x store rooms.
Gents WC.
Ladies/disabled WC.

TENURE
We are advised Leasehold:

Original lease length: 25 years
Remaining lease length: 14½ years
Review every: 5 years
Rent: £16,000 per annum

HOURS
The business is open:

Monday - Saturday: 8.00am - 6.00pm
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 £184,000 per annum, with a gross profit of approximately 72%.


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