Family run Coffee Shop in Finsbury East For Sale

Situated in a Parade, main road trading position, residential and commercial area, near SHOREDITCH, LONDON, EC1.

Turnover £ 3,000
Price £79,500

Features

Staff Run Coffee Shop, Sandwiches, Pastries, Fresh Bread and Pizza Oven (not Used)

DOUBLE FRONTED AIR-CONDITIONED PREMISES, in the region of 325 ft², WITH ELECTRIC SHUTTERS. CCTV (3 cameras), Tiled flooring, plasterboard ceiling with insert lighting.

Bar stools and counter seating 6 customers.

Sales counter - Square app customer charging system, soft drinks fridge, wash hand basin, coffee machine (2 group), grinder, knock-out drawer, etc.

Open plan Kitchen - Double deck pizza oven (electric), bread oven, slow cooker, induction hob, 2 large single door fridges, double door fridge, single door under counter freezer, double sink and drainer, dishwasher, quartz counter, pizza preparation table, dough mixer, etc.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx.

The business has recently been established as an authentic coffee shop, historically the unit was a pizza takeaway achieving sales of £6,000 p.w..

Staff

The business is at present operated by the Manager with the assistance of 1 full time and 1 part time staff.

We are informed the wage bill averages £1,500p.w. approx.

Trading Hours

6 Day week
MONDAY - SATURDAY 8 a.m. - 4 p.m.
CLOSED SUNDAY

Outside

Patio area.

Garage to rear on separate rental agreement.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £43,000 p.a. plus VAT with a Tenant ONLY break clause in 2026.

We are advised there is a Landlord ONLY break clause in 2029 which, if triggered the Landlord will pay the existing tenant £75,000.

Business Rates from April 2025 £12,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S FAMILY COMMITMENTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote