For Sale
High Rated Coffee Shop For Sale
London, Greater London
- Asking Price: £69,950 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £205,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07189
Hilton Smythe are delighted to welcome to the market Second Shot Coffee, a highly rated Coffee Shop located in the North West of London.
The business has built up an excellent reputation and repeat client base within the local community, as they employ people who have been affected by homelessness, train them up and transition them on to long term employment elsewhere.
They also operate a pay it forward system whereby customers pre-pay, so that later someone from the street can receive a something to eat or drink free of charge.
Second Shot Coffee was established by our client in 2015 and has now come to the market as our client is looking to relocate overseas.
As well as being a specialty coffee shop, they specialise in catering both intimate and large scale events and e-commerce coffee beans.
Key selling points -
- Award winning established brand within specialty coffee.
- Great location at the centre of regeneration hub
- Established relationships with catering events co-ordinators, securing events with Google, Facebook, TEDx and more
- Loyal local customer base of residents and local businesses
- Big opportunity to expand events and e-commerce aspects of the business
- Making better use of downstairs space and developing the food offer.
- The regeneration of the area is now in full flow with hundreds of new residents moving nearby.
- Offer a home delivery service
We are advised that the business is run and managed by our client.
The current trading hours are -
Monday – 8:00am – 4:00pm
Tuesday – 8:00am – 4:00pm
Wednesday – 8:00am – 4:00pm
Thursday – 8:00am – 4:00pm
Friday – 8:00am – 4:00pm
Saturday – 8:00am – 4:00pm
Sunday - Closed
Second Shot Coffee is located on Church Street, in the North West area of London.
The business has eye catching signage, receiving high levels of footfall and passing trade. The coffee shop is on the same road as Alfies Antiques Market.
Occupies a highly desirable trading location.
Ground floor -
- Seating area with tables and chairs
- Till/Preparation area
- Small store room
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £26,000 per annum, but our client has advised that they're currently in negotiations to get the rent reduced.
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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.
