Under Offer
Highly rated Coffee Shop for sale
London, City of London
- Asking Price: £125,000 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover in the region of £215,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07277
CoGoGo are delighted to welcome to the market Establishment Coffee, a highly rated independent coffee shop and bakery in the City of London.
The business was originally established in 2016, with our client taking over in 2019. During that time, the business has built up an excellent reputation and repeat client base.
Establishment Coffee has now come to the open market due to our clients desire to concentrate on other business interests.
Establishment Coffee is an independent coffee shop and bakery that is located just off Fleet Street, making it a highly desirable trading position.
The business benefits from good viability online via facebook and twitter and enjoys great reviews such as;
- ‘Great small coffee shop conveniently located just off Fleet Street’
- ‘Nice place, quiet area, moderate prices and many shops around’
- ‘Best quality coffee and pastries in the neighbourhood’
- A well established business with an enviable reputation and many existing customers
- Prime trading position with loads of footfall
- Current owner happy to offer a handover to ensure the continued success of the business
- Perfect owner managed or partnership business
- All fixtures, fittings and kitchen equipment included in the sale making this a turnkey business opportunity
- Advertising and marketing campaign
- Maximise the use of social media
- Extend the opening hours
- Introduce a delivery service, real demand in the area
- Consider introducing a sandwich round delivering to local offices and shops
We are advised that the business has 4 full-time members of staff.
The current trading hours are -
Monday to Thursday – 6:30am – 4:00pm
Friday – 7:00am – 3:00pm
Saturday to Sunday - Closed
Establishment Coffee is located St.Bride Street, London and is situated just off Fleet Street.
The business has eye catching signage and receives high levels of footfall.
Ground floor -
- Beautifully presented and maintained with a pleasing upmarket feel, Bi-fold doors and windows to front creating a light, airy interior, expensive looking tiled floor nice quality tables and chairs proving approximately 10 covers, bespoke counter with till, card machine and generous wrapping area.
- Small kitchen area
Tenure
We are advised that the business is being sold on a Leasehold basis, with the current lease due to expire in 2028. This will then be renewed. The rent is £37,500 per annum, and rates payable are £15,000 per annum.
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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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