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THIS BUSINESS IS NOW UNDER OFFER

Beautifully Presented Cafe & Coffee Shop

City of London, London
Leasehold Price:
£89,000
Status
UNDER OFFER
Advert ID
237817
Reference
B04980 / Rightbiz

Details

Business
Hilton Smythe welcomes to the market Archibald’s coffee shop, established by our clients 5 years ago and now offered for sale due to their other business interests.

The much-loved community cafe and coffee shop prides itself on offering excellent artisan coffee from London roaster Climpsons and Sons, and a full brunch menu.

Everything is cooked to order, and they pride themselves on using local and artisan suppliers who are passionate about the quality and integrity of their produce.

The menu offers an extensive choice of classic breakfast and lunch favourites including eggs benedict, Welsh rarebit, beautiful buttermilk pancakes to freshly filled bagels, even the beans are made with an ‘own recipe sauce’!

There is a large children's menu as well. As well as the coffee and teas there’s a great choice of sodas, juice and milkshakes. The premises has an alcohol license serving an excellent choice of bottled beers and house wine.

The business also caters for many special dietary requirements including a very good choice of vegetarian and vegan dishes.

All cakes are freshly made and displayed in a beautiful glass cabinet located at the main counter, including daily pastries and croissants.

Currently the business operates a day-time menu only however with the alcohol license in place, makes for an ideal evening pop up, bistro or restaurant. They have hosted many successful suppers with guest chefs.

This neighbourhood business attracts a variety of customers from families, business people and home workers to local mums on the school run, they’re dog friendly too!

There is an outside seating area to both the front pavement terrace and secluded garden at the back which is ideal for larger groups and those wanting to enjoy being outside.

The business comes with excellent reviews including a listing on The Guardian’s best 50 places for breakfast in the UK and a Timeout Love London Award. They have active accounts on social media, with a good following on Facebook and Twitter. They regularly inform their loyal customer base of menu specials and events and supper clubs.

A 5-star hygiene rating is in place too. A business of this standard and unique decor rarely comes to the market in this area and we strongly advise early viewing to avoid disappointment



Location
Archibald’s coffee shop occupies an enviable trading position along a parade of community shops on Manor Lane, Lee, bordering Hither Green

The business is surrounded by highly desirable Victorian brick-built terraces Villas and Flat Conversions, attracting a mix of young professionals, first time buyers, new and generations of families.

The area boasts outstanding schools, stunning local park and library at Manor House Gardens 2 minutes away and an eclectic mix of independent businesses in the area.

Nearest mainline stations are Hither Green and Lee Manor lane is located just off the A205.

Free parking is available in front of the business and all the neighbouring streets offer a mix of free and pay and display only between 10-12am.



Premises
The business has been lovingly decorated with utilitarian vintage furniture, artwork, industrial lighting, cabinets and colour scheme

External - front terrace with outside table and chairs, 8 covers under an automatic awning, surrounded by a picket fence.

Internal - 27 covers, 3 being stools at the raised window and 24 arranged over the eclectic mix of tables, chairs and seating bench.

Open plan barista area and kitchen includes:

Barista area:

• La Mazzocca Linea 2 group AV coffee machine
• Mythos 1 Grinder
• Mazzer automatic grinder
• Counter bench and glass vintage cake cabinet,
• IPad controlled Epos till system and card machine, till draw
• Under counter storage shelving
• Belfast sink
• Drinks fridges,
• Freezer
• Soup kettle
• Drinks blender
• Inker cups and saucers


Kitchen:

• 4 x ring gas oven,
• Hobart ecomax industrial dishwasher,
• Larder fridge
• Stainless steel prep table,
• Wall mounted shelving,
• Industrial Microwave,
• Toaster
• Hand wash sink,
• Extraction unit


Customer toilet with baby changing facilities.

Door to rear decked garden terrace:


2 x distinct areas – first, a covered area with heat lamps for approximately 10-12 covers which leads into a garden space with bench seating, raised planters and pots
approximately 12-14 covers (weather permitting) and a large sun parasol.


This space is a true haven and a suntrap in the summer and very unusual for any similar business type in this area.

Storage shed for non-food consumables and a chest freezer, small freezer and fridge.



Tenure
We are advised the business is been sold as a Leasehold opportunity with a new 10-year lease in place paying just £11,500 per year.
The business benefits from full small business relief on the rates with 0 paid in this current year.




Hours
Monday to a Friday - 8.00am to 4.00pm
Saturday - 8.30am - 4.00pm
Sunday - 9.30am - 3.30pm


These hours can be increased to take advantage of the A3 rating and alcohol licence.



Staff
The business is run and managed by our clients with the help of 3 x part time members of staff and 2 weekend helpers



Financial Profile
We are advised the 2018 turnover will show £147,431 which is an 8% growth from the previous year.



Seller Details
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Listing Details
Leasehold Price: £89,000
Tenure: Leasehold
Location: City of London, London
Sector: Cafes
Financials
Annual Turnover: £147,431
Location Statistics
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giligun (approx. 0.5 mile)
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