Prime Coffee Shop & Sandwich Bar, City of London EC1, Unique Location in Clerkenwell
City of London, London
- Status
FOR SALE
- Date Submitted:
19/08/22
- Advert ID
498883
- Reference
S7680RB / Rightbiz
- Call Agent:
- Leasehold: £85,000
- Rent: £26,500
- Turnover: £125,000 (£2,404 Per week)
- Net Profit: On request
Business Details
COFFEE SHOP AND SANDWICH BAR, CITY OF LONDON, EC1
LOCATION: This is where the City of London starts and is on an interesting street in Clerkenwell with many old buildings of impressive architecture. The nearest stations are Chancery Lane and Farringdon. This shop is located in a prime position with a bus stop outside.
DESCRIPTION: A single fronted unit with a small outside seating space for 4 persons. Inside is the takeaway section with a serve over counter and seating for 17 . Stairs to the basement lead to additional seating for 6 , a stock room and wc. The rear door provides service access.
BUSINESS: Owner run taking £2,500/£2,600 pw @ 65%/70% g.p. Great potential to increase trade in enthusiastic hands.
HOURS: 5.5 Days. Monday to Friday 8 am to to 4 pm and Saturday 9am to 2 pm. Closed on Sundays.
EQUIPMENT: Fully fitted and equipped with a large corner fridge display serve over counter, a large open drinks cooler, an Osteria Cappuccino machine, a grinder, a large electric griddle, a Panasonic microwave, a Buffalo sandwich maker, a juicer, an under worktop freezer, a chest freezer, furniture, etc.
TENURE: Renewable secure Council lease with 3 yearly rent reviews at the current of £26,500 pa. Next rent review in 2021. Business rates £6,660 pa payable.
VIEWINGS: STRICTLY BY APPOINTMENT ONLY
Negotiations: Strictly through PEGASUS BUSINESS SALES
Contact Agent
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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