Wonderful Cafe In Enviable Central London Location

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Status
FOR SALE
Advert ID
200306
Reference
5825 / RightBiz

Details

    Excellent Location In One Of Busiest Shopping Areas In UK

    Annual Turnover £156,000

    Long Established, Trading Since 2010

    Run Under Management

    Hugely Lucrative On Only 6 Opening Days A Week

    EPC - D

Description:
REF 5825 – Leasehold Cafe
Blacks Business Brokers are proud to bring to the market this leasehold cafe located in the much sought-after area of Shaftesbury Avenue, London.

INTRODUCTION
The Coffee Tree has been trading on Shaftesbury Avenue, London since 2010 and over that time it has firmly established itself within the area, establishing a large customer base and a fantastic, reliable reputation.

LOCATION
Situated on the well-renowned Shaftesbury Avenue in Central London, this superb trading position brings an immense amount of trade from passers-by, city workers, tourists and locals. Right in the heart of London’s thriving theatre district, with the world famous Covent Garden and Oxford Street lying close by. The area is busy year-round and in a unique situation for London with parking available directly outside, public transport links in the area are superb. The public area of Princes Circus which is the junction of Shaftesbury Avenue and High Holborn is due to be updated in order to make the area even more appealing to the public. There are plans in place to add a new large public space to the front of Shaftesbury Theatre along with new seating and planting to the area. There are also plans to make Shaftesbury Avenue a two way road for vehicles to pass through along with the addition of protected cycle lanes in both directions. The road between Shftesbury Avenue and Grape lane is also going to be pedestrianised with the crossings between St Giles Circus, Covent Garden and The Birtish Museum due to be updated and loading bays being introduced to the Princes Circus area Monday - Saturday 08:30 - 18:30.

REASON FOR SALE
The business is only being offered for sale due to our client’s other business interests and commitments, offering a dazzling opportunity to take over a thriving business in a dream location.

LEASE
The building is available on a competitive rent on an Internal Repair Only lease (IRO lease). This is the most common form of commercial property lease. The current lease is 5 years and began in 2017 at an unbelievably low cost for the area of only £29,500 per annum.

BUILDING LAYOUT AND DESIGN
The business is housed within the ground floor of a deceptively spacious, double fronted unit, five storeys in height and is positioned within a busy and popular parade of other shops and businesses. Inside, there is a small, beautifully presented dining area with seating for ten. The servery area is of rustic design, with wooden floor and wooden counter area, menu boards are displayed above and fresh cakes, breads and treats are displayed traditionally. To the rear is a well-equipped kitchen and customer toilet. All areas are beautifully presented and clean with good quality fixtures and fittings which have been well maintained.

STAFF
The business is currently operating with two members of staff in place.

FINANCIAL DETAILS
Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates annual turnover of £156,000 and rates payable for this property are £8,000 per annum.

SUMMARY
The Coffee Tree is located on Shaftesbury Avenue in the heart of Central London close to Covent Garden and Oxford Street and many of London’s most famous landmarks. An area with very high footfall and constant flow of tourists and theatre goers. The business has traded solidly over the last seven years, yet there is good scope for expansion with the introduction of a menu expansion to include small meals and snacks to increase turnover and profitability. Early viewings come highly recommended, this area is exceptionally popular and early completion is anticipated.

Fixtures & Fittings:
2 Under Counter Fridges
Dishwasher
Coffee Machine & Grinder
Freezer
Refrigerated Counter
Drinks Fridge
Till
Chairs & Tables


Opening Hours:
Mon - Fri - 8am - 7.30pmSat - 11am - 3pmSun - Closed


Weekly Rent:
£567 Per Week.
Listing Details
Leasehold Price: £90,000
Tenure: Leasehold
Sector: Tea Rooms
Financials
Annual Turnover: £156,000
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