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
REF 6826 – Leasehold Cafe/Restaurant
Blacks Business Brokers are pleased to bring to the market this leasehold cafe/restaurant located in Stratford, London.
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.
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.
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.
The business currently operates with our client working on a full time basis supported by one part time staff member.
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.
The business has a rateable value of £3,900 per annum. Purchasers should enquire with the relevant local authorities to confirm the rates payable.
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:
Glass Display Unit
Commercial Oven With Hob
Stainless Steel Prep Units
Stainless Steel Sink
MON - FRI: 07:00 - 18:00SAT & SUN: CLOSED
£365 Per Week. Weekly Rent:
£365 Per Week.
Leasehold Price: £90,000
Location: City of London, London
Annual Turnover: £130,000
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