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Cafe Restaurant in Prime London Location

City of London, London
Leasehold Price:
£90,000
Status
FOR SALE
Advert ID
243782
Reference
6826 / Rightbiz
    Prominent Trading Position

    Seating For 100 Maximum

    Projected Annual Turnover £130,000

    Further Financial Info Available After Viewing

    Full Alcohol Licence In Place

    Licenced Until 2am

    Scope For Further Outdoor Seating

    Prime Location With Excellent Footfall

    Lease Can Be Extended

    EPC - D

Description:
REF 6826 – Leasehold Cafe/Restaurant
Blacks Business Brokers are pleased to bring to the market this leasehold cafe/restaurant located in Stratford, London.

INTRODUCTION
AJ's Cafe/Restaurant has been trading on Cam Road since January 2019 with a business of similar nature operating from these premises 2005. The business is well known in the area and has an excellent reputation with lots of repeat customers.

LOCATION
The business is positioned on the corner of Cam Road and is surrounded by many offices and apartment blocks. The area is well linked by the A118 and A112 with good public transport links and parking available in the surrounding area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s desire to relocate, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI). This is the most common form of commercial lease. The current lease is seven years and began in February 2019 at a cost of £365 per week. This lease is full renewable for a further 10 years once it comes to an end.

BUILDING LAYOUT AND DESIGN
AJ's Cafe/Restaurant operates from the ground floor of a large block of apartments. The business is glass fronted, with large signage and has a large forecourt which could be used by a new owner for additional seating.
As you come through the main entrance you are in the main cafe/restaurant area which has seating for 80-100. There is also a serving area which has a glass display unit.

STAFF
The business currently operates with our client working on a full time basis supported by one part time staff member.

FINANCIAL DETAILS
The business has only been trading since January 2019 however, the projected turnover for the years is £130,000. Further financial information is available after viewing. At the rear of the building is the kitchen area which is fully equipped and has been maintained to a high standard. The business also has a storage room which is large enough to be converted into a newsagents should a new owner wish to do so. All areas are presented to an exceptional standard with tiles flooring and spotlighting throughout.

BUSINESS RATES
The business has a rateable value of £3,900 per annum. Purchasers should enquire with the relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business occupies an enviable trading position on Cam Road. There is plenty of scope to develop the business further with the introduction of outside catering, deliveries and even extending the opening hours to make full use of the 2am trading licence and alcohol licence in place. This premises could accommodate any type of cuisine. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Fixtures & Fittings:
Tables
Chairs
Drinks Fridge
Glass Display Unit
Coffee Machine
Coffee Grinder
Panini Press
Pie Warmer
Fryer
Fridges
Freezers
Grill
Griddle
Turbofan Oven
Commercial Oven With Hob
Stainless Steel Prep Units
Stainless Steel Sink
Air Conditioning
CCTV


Opening Hours:
MON - FRI: 07:00 - 18:00SAT & SUN: CLOSED


Weekly Rent:
£365 Per Week. Weekly Rent:
£365 Per Week.
Seller Details
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Listing Details
Leasehold Price: £90,000
Tenure: Leasehold
Location: City of London, London
Sector: Cafes
Financials
Annual Turnover: £130,000
Location Statistics
What's nearbyi:
City of London Police (approx. 0 mile)
Frost Burgers (approx. 0 mile)
Wrap It Up! (approx. 0 mile)
Steptoe & Johnson (approx. 0 mile)
ABN AMRO Clearing Bank UK Branche (approx. 0 mile)
Scarlet Apt (approx. 0.2 mile)
Boots (approx. 0.2 mile)
St. Botolph's Orthodox Church (approx. 0.5 mile)
Jamie's Bar (approx. 0.5 mile)
giligun (approx. 0.5 mile)
Listing Statistics
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