£0 £1000000
£0 £1000000

Under Offer

Newly established coffee shop for sale.

City Of London, City of London

  • Asking Price: £32,000 +SAV
  • Turnover: We are advised the business is turning over in the region of £52,000 per annum, while trading on limited hours. 

    Please quote reference B05945

  • Tenure: Leasehold

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Please quote reference B05945

Hilton Smythe welcomes to the market Principles Coffee House, a newly established modern coffee shop, located on Newington Green Rd, Mildmay Ward, London. 

Our client took over the lease at the end of 2019, completed a full renovation and redecorated the premises, prior to opening, just before the covid lockdown.

The current menu consists of specialist coffee, cakes, light lunches and English teas.

The business generates a turnover of around £1,000 per week at the moment, trading on limited hours, therefore there is ample scope to improve.

The business has generated an excellent reputation in the short time it’s been trading, with google reviews at 5 stars, customer comments include ‘They are so friendly in there, there’s a proper community feel, the tea was fab! I will definitely be going back!’

This is an ideal business opportunity for either an established operator looking for an additional site or an individual or partnership looking for a turn key business with huge growth potential in a much sought-after trading location. 

The business is being offered to the market with very affordable in-going and running costs with the premises and assets in first class condition. Early viewing is highly recommended.

There are no staff members staying at the business.

Varied at the moment due to covid

The business is located on, Newington Green Road, surrounded by a wealth of complementary shops and businesses, providing ample footfall.

There are a number of car parking facilities within the proximity. The area is also accessible by public transport with bus stops within walking distance and Canonbury station just a few mins walk away.

The A10 is just a short drive away which links to the M25 motorway network.

Ground floor trading space in amongst additional businesses, entrance through to seating area, counter, and servery.

Equipment included in the sale comprises of –

  • Display fridge
  • Coffee machine
  • Grinder
  • Countertop boiler
  • Milk fridge
  • Commercial dishwasher
  • Prep fridge with countertop
  • Prep sink
  • 4 x tables
  • 8 x chairs
  • 1 sofa
  • 2 spinning armchairs
Customer WC

Tenure
We are advised the business is leasehold with 8 remaining on the current 10 year lease. The annual rent is £13,000

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