Huge Potential Cafe for Sale in High Street Walthamstow

BUSINESS OPPORTUNITY - CAFE FOR SALE AT HIGH STREET, WALTHAMSTOW (LONDON) E17

A HUGE POTENTIAL, BEAUTIFULLY DESIGNED, READY TO TRADE, MODERN AND FULLY EQUIPPED CAFE FOR SALE AT THE PRIME LOCATION OF WALTHAMSTOW HIGH STREET - WITH AMPLE PARKING NEARBY

OVERVIEW

1.1. This business has been operating since 2019 as a Cafe offering coffee and light food based on High Street, Walthamstow.

1.2. The store is doing very well and has a huge potential to grow. Fiancials available on request.

AREA & FACILITIES

1.3. The Area is around 100 Sqm. (approx. 1000 Sqft.) space,

1.4. The premise comprises of 40 seats, with additional outdoor seating available with electric points. The cafe has 3 phase electrics to install any type of modern equipment to expand the product range.

PRODUCTS AND SERVICES

1.5. The cafe has advanced and modern operating systems.

1.6. Priding itself on providing a comprehensive food menu range. The cafe's vast range of cafe, drinks, light food and bakery, makes it a one-stop shop for all of the customers’ needs.

LEASE, RENTS AND RATES

1.7. The 15 year lease starts in 2019 and expires on 2034 with an option to renew. The annual rent of the premises is £29000 and annual business rates as approx. £11500.

LOCATION AND FACILITIES

1.8. The Cafe benefits from being situated on a prime location situated in the heart of a densely populated residential and commercial area of Walthamstow which sees rapid growth and gentrification. The cafe is on the Walthamstow high street, a mile long road once known to be the longest outdoor market in Europe.

1.9. The Company benefits from its prominent position on a busy high street with a high level of passing footfall and a stone throw distance to the council's parking lot.

1.10. There are a number of large retailers nearby, including Lidl, Costa Coffee, Superdrug, Greggs, Farm foods, Iceland & Sainsbury's and other food outlets which attract potential customers to the area.

GROWTH OPPORTUNITIES

1.12. The premises already has an E class licence for restaurant trade from the council and the premises now has the landlord’s consent for the installation of a canopy to be used as an E class restaurant (building control and approvals to be sought by the incoming tenant.)

1.13. There is an existing licence in place for the use of outdoor seating with permission to place (approx 24 seats) from the council is already available on bare minimum daily charges. The outside area also comes with the existing underground electrical points in the middle of outside area for all weather outdoor use (heating / canopies)

1.14. The incoming tenant must also be eligible to trade in the UK. The incoming tenant can go through a basic fact-finding check with the landlord agent for assignee of the lease. The cafe includes a separate rear kitchen, a toilet, a storage room, a rear exit to the side street for deliveries and various storage spaces.

1.15. There are excellent public transport facilities in the area, including Overground station St. James Street in around 150 metres. There are more than 8 bus routes within 100 metres of proximity for all around connectivity to the areas which falls under the radius of Stratford to Chingford and Ilford to Wood Green. The cafe's professional system, modern cooking equipment, automated processes such as handling, sale and delivery systems, fully automated ordering system from the customer to the kitchen developing their businesses quickly and effectively.

GENERAL INFORMATION

2.1. Open premise visits are welcome during business operating hours but for unattended viewing only. Any discussion regarding the sale of property should remain as discreet, where possible and not be asked or discussed with any staff member. Visiting welcome between (10am - 4pm).

2.3. Each Party to cover their own legal cost and new tenant to cover the landlord's legal cost.