For Sale
Well Established Cafe For Sale
London, City of London
- Asking Price: £174,995 +SAV
-
Turnover:
Further financial information can be made available upon request.
Please quote reference B07004
- Tenure: Leasehold
Please quote reference B07004
Hilton Smythe is delighted to present to the market one of London’s most well established and renowned independent cafe businesses which originally opened its doors in 1925 as Cafe L’Rodi.
The very traditional cafe was purchased by our client in 2020 who invested £175,000 in transforming the very tired unit into the contemporary cafe/bistro you see in the business photographs you see today.
Our client is now selling the business due to the other business interests which means he cannot invest the time the cafe deserves.
Currently the cafe is only open for breakfast and lunch however there is very high demand to extend the hours, both in the evening and early morning.
Our client and his team have concentrated on offering a very good quality menu which includes -
- Freshly made barista coffees, juices & shakes
- Traditional breakfasts (with a twist)
- Morning pastries, croissants & muffins
- Pancakes, waffles & burgers
- Brunch
- Lunch
- Desserts
- Steak, fish & salads
- Children's menu
It is clear to see from the customer testimonial, the team are very passionate about providing delicious high quality food prepared with the freshest and finest ingredients, presented and served to an even higher standard!
Key selling points -
- Recently undergone a £175,000 total investment
- Newly equipped commercial kitchen
- Indoor & outdoor seating
- New website (with online ordering facility)
- Instagram page - 3,245 following
- Facebook page - 284 followers
- 5 star Google reviews
- Long lease in place
- Desirable location
‘Perfect place for a quick bite. Stylish decor, cool guy running it and amazing food (chicken sandwich was tasty and generously filled’
‘Trendy spacious cafe. Extensive breakfast options that are customizable’
‘The cafe has recently been renovated by new management I think, and from Jan 2020 they will serve dinner as well as weekend brunch. Really nice and comfortable inside and their brunch menu is already good, and they say they're adding more things over time! Friendly staff who were nice and polite and asked us for honest feedback after, got the feeling they genuinely cared and wanted to keep improving.
'Food is delicious, no better way to start the weekend. Will be going back for sure 5 stars!’
Very rarely do cafe/bistro businesses of this standard or location with so much more further growth potential come on to the open market and we therefore strongly advise early enquiry to avoid any disappointment.
Further growth opportunity -
- Extend current opening hours
- Add a new evening bistro menu
- Add a new alcohol menu
- Promote private parties
- Promote corporate events
- Outside catering
New Equipment investment = £65,000
- New decor, tables & chairs throughout
- New service counter & coffee machine
- New kitchen equipment - which includes - new griddle, double fryer, work tables, electric convection oven, induction range, pizza oven, ventilation canopy, pizza preparation refrigerator, upright freezer & refrigerator, drain dosing system, dishwasher, refrigerator counter worktop, microwave oven, storage shelving & sink units
The business is run and managed by 2 full time and 4 part time staff members.
The business trading hours are:
Monday to Wednesday - 08:30am - 15:30pm
Thursday - 09:00am - 15:30pm
Friday & Saturday - 09:00am - 21:30pm
Sunday - 09:00am - 16:30pm
Cafe RODI occupies a highly sought after trading position along Blackhorse Lane in Walthamstow, East London.
The prominent cafe is surrounded by an electric mix of major high street brands such as Tesco, Co-op and Magnet, key independent retailers as well as a very large student population with several new student accommodations directly facing the cafe.
This part of Blackhorse Lane (B179) attracts a very busy footfall throughout the day and evening due to the local underground station (Blackhorse Road) being directly facing.
This part of Walthamstow has become a vibrant hub for new residential developments which fit alongside the array of traditional Victorian properties which attract both families and young professionals working in the city.
Walthamstow is a great area for young professionals and families with strong transport links, unique independent shops and gorgeous parks.
There is available parking in the neighbouring streets as well as a main bus stop directly facing.
The premises is comprised of the following:
- Internal dining/area 1 - 28-30 covers
- Private dining/party area - 26 covers
- Garden area - 14 covers
- Commercial kitchen
- Toilet facilities
- Storeroom
- Outbuildings/storeroom
Tenure
We are advised the business is being sold on a Leasehold basis with 20 years remaining on the Lease, the rent is £1,550 per month.
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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.
