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Well Presented Cafe

City of London, London
Leasehold Price:
£34,950
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
240720
Reference
B05139 / Rightbiz

Details

Business
Hilton Smythe are delighted to present to the market The Gorgeous Kitchen, a thriving daytime cafe established by our client in early 2017.  The business is now reluctantly offered for sale due to the other business interests our client has in his own country and a quick sale is required.

The much loved cafe attracts both residents, students and their parents, builders and contractors, local office and retail workers and is especially busy with local the Italian and Spanish community who have also used the cafe for private parties and birthday celebrations.

The menu is particularly popular with those customers seeking a good value large breakfast and is very busy with local builders and tradesmen from 7 onwards, all breakfasts are cooked to order to ensure the best quality. There is also a large choice of sandwiches, omelettes, salads and lunch time specials on the wall mounted menu boards to choose from. All menu items can be enjoyed inside the cafe of prepared for takeaway.

Our client confirms he is running the business to suit now and there are many opportunities for a new owner, these could include -

  • Extending the hours to include an evening Bistro menu, there is high demand for a good value set menu of either 2 or 3 courses. This could be pre booked to avoid any unnecessary wastage.
  • Offer deliveries through delivery partners such as ‘Just Eat/ Deliveroo’
  • Re- advertise the cafe as a local venue for private dinners and small parties
  • Re-locate the extraction hood to the rear wall to upgrade the cafe from A1 to A3
  • Add outside catering services
  • Introduce a new website, Facebook page and Instagram social media presence 
  • Utilise the large downstairs stockroom/ office into the main kitchen or additional seating area for customers
The business is priced to sell and cafes of this standard in the East Woolwich area rarely come to market and therefore early viewing is recommended to avoid disappointment.



Location
The Gorgeous Kitchen occupies a highly enviable trading position along a busy parade of shops which includes a popular Tesco metro store directly across on Trafalgar Road, East Greenwich, London.

This part of Greenwich is a vibrant mix of traditional Victorian brick built residential family properties, modern contemporary apartments including a new development located directly behind the cafe,

Greenwich Music school, the famous Royal Observatory and Greenwich park including the National Maritime Museum and Cutty Sark are within 5/10 minutes’ walk from cafe. The bustle of Greenwich market, the choice of interesting bars and cafes makes this highly desirable place to live, study and commute.

Trafalgar Road links directly to the nearby Blackwall tunnel and A2. Nearest mainline station is Maze Hill.

There are lots of pay and display parking available in the adjacent streets around the cafe



Premises
Front external - an attractive pavement space for 2 covers with attractive parasol

Internal - 14 covers with good solid chairs and tables with red/white chequered table protectors, large blackboard menu boards to left and right walls, hanging menu board in the window, solid pine drawer unit, 2 arm semi-automated coffee machine and grinder built into a purpose built unit, standalone solid wood corner unit with till and shelving.

Open kitchen - includes a wide stainless steel prep / service chiller, a triple cupboard stainless steel chiller, wall mounted shelving, glass fronted table topped fridge, 2 x double wall mounted storage cupboards, double stainless steel prep sink unit, hand wash sink, hot water boiler, 2 x single fryers, standalone electric oven, wall mounted extraction hood, large griddle, lincat  Bain Marie, microwave, toaster.

Lower ground floor - large stockroom with 2 rooms which includes lots of shelving, 4 x chest freezers, large fridge/freezer.

Customer toilet (with baby changing facilities)



Tenure
We are advised the business is being sold as a Leasehold opportunity with 7 years remaining on an 11 year lease paying just £17,700 per year.

The business benefits from full small business relief paying 0 rates in the current year.

Hours
More run to suit our client now -

MONDAY TO SUNDAY - 7am - 4pm (depending on weather)

Staff
The business is run and managed by our client with some part time help from his mother and weekend person.



Financial Profile
The business will report a turnover in 2018 of around £80,000, GP of £50,000 and adjusted net profit of £20,000. Assets value of approx. £20,000.



Seller Details
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Listing Details
Leasehold Price: £34,950
Tenure: Leasehold
Sector: Cafes
Financials
Annual Turnover: £80,000
Location Statistics
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Listing Statistics
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