Shop for saleRoman Road, London
936 sq. ft.
- 936 sq ft (86 sq m)
- Use class orders: A3 Restaurants and Cafes
- Warren Anthony Commercial are delighted to bring to the market this busy cafe prominently located on the popular and busy Roman Road in Bow, London within walking distance to Roman Road Market and 5 m
- The nearest stations are Mile End, Bow Road and Bow Church.
- The business was we understand established in 2005 and has been in the current owner's ownership since 2008 and is only now being offered to the market due to owner's desire to concentrate his efforts
- The business has we understand built up an enviable reputation within the area this for the very high quality of the food and services offered which has we believe resulted in a very loyal client base
- The business offers a wide variety of food including full English and Italian style breakfast, salads, pasta, various Italian dishes and hot and cold sandwiches. Also a v
Warren Anthony Commercial are delighted to bring to the market this busy cafe prominently located on the popular and busy Roman Road in Bow, London within walking distance to Roman Road Market and 5 minutes approx away from Iceland, Tesco Metro, Poundland and other retailers.
The nearest stations are Mile End, Bow Road and Bow Church.
The business was we understand established in 2005 and has been in the current owner's ownership since 2008 and is only now being offered to the market due to owner's desire to concentrate his efforts on other business interests.
The business has we understand built up an enviable reputation within the area this for the very high quality of the food and services offered which has we believe resulted in a very loyal client base with a very high volume of repeat business and word of mouth recommendation also.
The business offers a wide variety of food including full English and Italian style breakfast, salads, pasta, various Italian dishes and hot and cold sandwiches. Also a variety of hot and cold beverages as well as a delivery service which has proven to be very popular plus outside catering including contracts with at least 3 local authorities.
The property boasts an area of 87.5 sq meters approx of floor space including a spacious service area with 30 covers approx, a commercial kitchen, main cafe area with 11 tables and 30 chairs, main serve over counter, display refrigerator, delicatessen refrigerator, drinks refrigerator, Coca Cola branded refrigerator (on 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, commercial refrigerator, freezer, griddle, fan oven, dairy refrigerator, 3 x large freezers, 2 x chest freezers, glass fronted refrigerator, 2 x store rooms, male WC and ladies/disabled WC.
There is we believe much scope to increase the turnover by extending the opening hours, perhaps by opening in the evenings as a bistro and/or Sunday trading. A new owner may also want to embark on a modest marketing campaign to promote the food and services offered this in addition to the coffee shop with its existing website already in place offering online ordering facilities as well.
Use A3/A4/A5 Restaurant and Cafes/Drinking Establishment and Hot Food takeaway.
Premium £60,000 subject to contract as a guide price for the benefit of the lease, goodwill, fixtures and fittings.
Rental £16,000 per annum exclusive.
Lease available by way of the original length lease of 25 years with remaining length lease of 9.5 years approx and rent review every 5 years.
Business rates £7,300 per annum approx. However, all interested parties are recommended to make their own enquiries to the local rating department at the London Borough of Tower Hamlets.
Size 936 sq ft approx.
Opening hours Monday - Saturday 8 am - 6 pm and Sunday closed.
Staff owner managed with 4 staff.
Turnover with we understand a current turnover in excess of £184,000 per annum approx.
Accounts available on request subject to viewing.
Legal costs with each party to bear their own legal costs other than the incoming tenant/buyer to pay the freeholders costs.
Local authority London Borough of Tower Hamlets.
Energy performance certificate with an energy performance asset rating of 59 - C with a copy of this property's energy performance certificate this can be viewed on request.
Warren Anthony will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord.
A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account.
Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospectiv
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
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