For Sale
Coffee shop with accommodation near a train station for sale
London, Greater London
- Asking Price: POA
-
Turnover:
We are advised that the business generates a turnover in the region of £750,000 as per the 2023 accounts. Further financials can be made available upon request.
Please quote reference B07086
- Tenure: Leasehold
Please quote reference B07086
Hilton Smythe are delighted to welcome to the market a highly rated coffee shop based in the Bethnal Green area of London.
The business was established by our clients in 2018, building up an excellent reputation and loyal customer base.
Only now does the business come to the open market due to our clients desire to move onto other business ventures.
The business trades as a Coffee Shop on the ground floor, with 3 rental properties above.
Key selling points -
- Repeat custom
- Scope for expansion
- Handover offered
- Additional income from rental properties above
- Excellent reviews
We are advised that the business has 4 full-time members of staff.
The business hours are -
Monday – 08:00 – 17:30
Tuesday – 08:00 – 17:30
Wednesday – 08:00 – 23:00
Thursday – 08:00 – 23:00
Friday – 08:00 – 23:00
Saturday – 08:00 – 23:00
Sunday – 08:00 – 23:00
The coffee shop occupies a highly desirable trading location on Mile End Rd in Bethnal Green, London.
The business receives high levels of footfall and passing trade.
The business occupies a busy single fronted unit on a main road, with eye catching signage and external seating to the front.
Ground floor -
- Main entrance to the service area
- 16 internal covers/16 external covers
- Serve over counter
- Modern decor and light
- 3 rental properties
- Fully tenanted with rental incomes of £900, £800 & £850 per month.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 16 years remaining on the 20 year lease. The rent is £3,750 per month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
