Sold
Well Established Coffee Shop For Sale
London, City of London
- Asking Price: £58,000 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £260,000 as of 2021, further financial information can be made available upon request.
Please quote reference B06675
- Tenure: Leasehold
Please quote reference B06675
Hilton Smythe is delighted to welcome to the market Toast, a highly rated coffee shop.
The business was established over 2 years ago by our clients, though our client has thoroughly enjoyed running the business, they are now looking to focus on other business interests.
Toast offers a variety of specialist coffee, tea, sandwiches, snacks and deserts.
The premises are newly refitted with modern décor with bespoke lighting, fully fitted kitchen/prep areas. The service area has in the region of 50 covers.
The business currently operates 6 days per week and generates a turnover of £260,000 per annum, with high gross profit margins.
Since establishment the business has built up an enviable reputation within the area for the high quality of the products offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
The coffee shop currently holds a 4.7 star google review status - with customers comments including ‘Highly recommend. Best toasties I have tried in my life so far. The staff that works here are very polite and friendly’ and ‘Had the sausage and cheese on toasted sourdough and it was delicious. The coffee is really good too. Lots of seating and the staff were very friendly. Nice place for a lunchtime snack! ‘.
Our clients are offering a handover period to ensure the continued success of the business.
The business is currently fully staffed and would highly benefit from a hands-on owner or being run by a family/partnership. The business will need to be rebranded at point of sale.
Reasons to buy:
- 5-star reputation.
- Excellent location.
- Fully trained, reliable staff.
- Handover period offered.
- Turnkey business.
The following is included in the sale:
- Till and card reader
- cake display stands
- Drinks fridge
- Kitchen / preparation area
- Coffee machine
- Grill
- Toaster
- Fridges
The business is run and managed by 4 full time and 1 part time staff member.
The business trading hours are as followed;
Monday to Friday - 08:00am - 17:00pm
Saturday - 09:00am - 16:00pm
Sunday - Closed
The business is in the heart of Walthamstow.
The Mall Walthamstow and the longest market in the UK is 100 yards away with a high footfall which benefits the traffic into the coffee shop. The store benefits from being in one of London’s growth towns which is undergoing regeneration.
There are ample car parks within the proximity and the area is well supported by public transport.
The shop has excellent signage, with modern seating and décor.
Service areas
WC
Seating area for 50+ covers
Premises are circa 1480 sqf.
Tenure
We are advised the business is being sold on a Leasehold basis with 10 years remaining on the Lease, the rent is £3541 per month.
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