Archived
Highly Rated Cafe For Sale In London
London, Greater London
- Asking Price: £185,000 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £108,000 (based on 4 trading days/42 weeks a year). Full financials can be made available upon further request.
- Tenure: Leasehold
Please quote reference B07126
Hilton Smythe are delighted to welcome to the market Monalicious Food Limited, a highly rated cafe in London.
Monalicious Food was established by our client in March 2019.
The business has now come to the open market due to our clients desire to purse another business interest.
Their customer service and delicious food has helped them to build such an excellent reputation and loyal customer base. Because of this, they have amassed numerous positive reviews on Google and Facebook.
Despite only trading four days a week, the business boasts impressive financial figures and fantastic opportunity for future growth.
The business offers healthy and fresh breakfasts, brunches, lunches, homemade bakes, a range of hot and cold beverages, as well as British dairy ice cream, and even dog ice cream!
Being a relatively new business, the potential to grow is massive. It has a good online presence but this could easily be injected into a wider community. Currently, the business has a steady following, with over 670 Instagram followers and over 160 followers on Facebook. A new buyer could easily look aat increasing the trading hours.
The business could also benefit from marketing its catering service to other corporate businesses, after the success of its previous catering services.
We are advised that the business has 2 members of staff.
The current trading hours are -
Monday - Closed
Tuesday - Closed
Wednesday - Closed
Thursday – 9:00am – 5:00pm
Friday – 9:00am – 5:00pm
Saturday – 9:00am – 5:00pm
Sunday – 9:00am – 4:00pm
Monalicious Food Limited is located on Hoxton Street, in London.
The business is ideally located on a popular street and is surrounded by many businesses, providing high footfall.
There is outside seating available, which allows customers to enjoy their coffee in the summer. The business has a light and bright feel, with a glass storefront, bringing in plenty of natural light.
Inside, there are exposed brick walls and wood features, giving the café a warm and inviting atmosphere. A front counter is seen to the front of the building, where customers are served, and there is also a glass display cabinet showcasing beautiful homemade bakes and food to-go. There is also a private bathroom for customers.
The beautiful and modern café is also the perfect space for hosting events, and the space is available to hire. It holds comfortably up to 25 people seated and standing. There is also an outside space which can hold additional 16 people seated.
There is nearby car parking available, as well as excellent transport links.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 4 years remaining on the 10 year lease. The rent is £18,500 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
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