Prime City of London Location Sandwich Bar/Coffee Shop Business For Sale
City of London, London
- Status
FOR SALE
- Date Submitted:
15/02/24
- Advert ID
606840
- Leasehold: £399,950
- Rent: £16,750
- Turnover: £475,000 (£9,135 Per week)
- Net Profit: On request
Key Features
- Fully Fitted
- Retirement Sale
- Attractive Business
- Close to Local Amenities
- Established Business
Business Details
Established Sandwich Bar Coffee Shop available for sale in the heart of the City of London
For sale, a well-established Coffee & Sandwich Shop located in the city of of London. This enduring business has been around for half a century and I've had the privilege of owning it for the last 20 years. Located just off the main road ( Coleman street), this business is in prime London property, near multiple access points for public transportation in between bank and moorgate station. This makes it an attractive spot for commuters and locals alike.
The leasehold price stands currently at £399,950, with a strong annual turnover of £475,000. I am willing to negotiate to the nearest offer. What gives this business an added edge is its unchallenged position in relation to its local competitors. We are fortunate to provide a niche service that goes unmatched in the area.
Included in the sale, all fixtures, and fittings are to be part of the package. The shop operates between 6 am and 4 pm, Monday to Friday. It once offered Saturday service, with opening hours from 7 am to 1:30 pm. However, due to plans of winding down, the shop no longer operates on Saturdays. This 'day-off' offers a great opportunity for new owners to expand the business and increase operating hours.
The business employs five well-trained and committed employees. The digital sphere could also provide another avenue for expansion. Presently, the company has not leveraged online platforms such as JustEat, providing potential for a considerable increase in business.
To ensure a smooth transition, we are more than willing to offer training opportunities to the new owners to acclimatise them to the business operations. For further details about this sale, feel free to reach out to me directly. The reason for this sale is my impending retirement. This venture is truly a worthy investment, offering substantial potential for further growth and expansion.
Rent £16750/year VAT
Service charge is around £1360 a year including VAT
Business Rates are £2770/year
Water waste water £67.22/month
Electricity Oct £1205.42 Jan £988.91 (latest two) Quarterly
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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