Charming Cafe in Central London's Great Portland Street Available for Purchase
City of London, London
- Status
FOR SALE
- Date Submitted:
29/01/24
- Advert ID
605889
- Leasehold: £90,000
- Rent: £55,000
- Turnover: £320,000 (£6,154 Per week)
- Net Profit: On request
Key Features
- Offers Invited
- Small Business
- Close to Local Amenities
- Attractive Business
- Fully Fitted
Business Details
Cafe for sale in Great Portland Street Central London
We have a charming café that's currently up for sale, situated in the heart of the City of London. The leasehold price is set at £90,000 but we are open to offers. In just one year of ownership, the café has reaped an impressive turnover of £320,000. Whilst I have only had the business for a year and opened post renovation four months ago, it has consistently done well month after month.
The ideal location of this café has brought in a regular crowd, with around 180 offices nearby and a large workforce clientele (800) from the nearby BBC studio. The café is conveniently situated just four minutes from the Oxford Circus station, making it a prime destination for foot traffic from the main road. There is a healthy competition within this bustling area, further highlighting the bustling footfall and potential for customer engagement.
In the sale of this cafe, all fixtures and fittings are included as well as the current stock. One of the key selling points of this business is the immense scope to increase turnover. After being open for just four months, we've seen an ongoing increase, month after month. This trend exhibits the significant scope for continuing improvements and raising profits for this newly established café.
The reason behind the sale lies in my partner's departure and relocation overseas. Despite this, the café runs effectively with a team of five hardworking employees. Our current opening hours are from 7am to 7pm, seven days a week.
Our café boasts a strong online presence, with partnerships with UberEats, Deliveroo, and JustEat. The new owners will further benefit from the training opportunities we are willing to provide, ensuring a smooth transition and continued growth.
If you need any further information regarding this lucrative business opportunity, feel free to reach out to me for full details.
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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.
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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.
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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.
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