For Sale
Highly rated cafe and coworking space for sale
London, Greater London
- Asking Price: £219,999 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £330,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07448
Hilton Smythe are delighted to welcome to the market CoBalance Cafe Limited, a highly rated cafe and coworking space in the Shorditch area of London.
CoBalance Cafe Limited was first established by our client in 2020, building up an excellent reputation and regular client base. As seen by the many online ratings and reviews, this opportunity is extremely popular.
The business has now come to the open market due to our clients desire to relocate.
CoBalance Cafe Limited is a coworking space with leafy café allowing its customers to concentrate, collaborate and get work done.
The business invites its clients to enjoy the space for their next exhibition, business launch, musical showcase or creative enterprise. The business prides itself on being a community that believes in providing connection, collaboration, nutrition and movement and invites thinkers, creatives and entrepreneurs to join its network.
ConBalance Café is spread over two floors and has 42 spacious work stations all with lightning fast Wi-Fi and electrical outlets. The business also offers;
- Free coffee or tea
- Private phone vrooms
- Nintendo
- Printers
- Second monitors
- Access to Events
- Napping Area
- Library
- Hourly pass
- Daily Pass
- 5 Pass Package
- 10 Pass Package
- Weekly Pass
- Meeting room Hire
- Monthly Pass
- Dedicated Desk
- Yearly Pass
The sale will include the company website and all the fixtures and fittings.
Key selling points -
- A well established business with an enviable reputation and many existing customers
- Prime trading position just minutes from Shoreditch Highstreet Station
- Current owner happy to offer a handover to ensure the continued success of the business
- Ideal owner managed or partnership business
- Little or no competition locally
- A real opportunity to increase turnover and profits significantly, current owner has been running at a pace to suit.
- Advertising and Marketing campaign
- Maximise the use of social media
- Extend the opening hours
- Develop an outside catering arm to the business
- Introduce a sandwich round delivering to local offices and businesses at lunch times
We are advised that the business is run and managed by the owner, with the help of 2 full-time staff members.
The current trading hours are -
Monday to Friday - 8am - 6pm
Saturday to Sunday - 9am - 4pm
The business is beautifully presented and maintained with clear visible signage.
CoBalance Café is located just 4 minutes walk from Shoreditch Highstreet Station.
The business occupies generous premises over two floors that are beautifully presented and fastidiously maintained with a pleasing upmarket feel.
There is a café and coffee shop area with lounge and 42 work stations together with meeting rooms, library, napping area and booths.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The rent until October 2023 is £70,000 per annum and will increase to £75,000 from October 2025.
We are also advised the rates payable are £14,000 per annum.
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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.
