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North London's Trendy, Well-established Cafe & Coffee Shop for Sale – High Turnover

Undisclosed, London
Well-established and popular turnkey cafe & coffee shop for sale in North London. Photo 1
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Well-established and popular turnkey cafe & coffee shop for sale in North London.
  • Status

    FOR SALE

  • Date Submitted:

    11/06/24

  • Advert ID

    612668

  • Leasehold: £99,500 (Stock at valuation)
  • Rent: £18,000
  • Turnover: £337,000 (£6,481 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited
  • Prime Location
  • High Turnover
  • Established Business
  • Small Business
  • New Lease

Business Details

Well established and popular turnkey cafe & coffee shop for sale in North London.

This is an exciting opportunity to acquire one of the highest rated and most popular cafes in North London. This is a well run turnkey operation with a high turnover and scope for further growth.

Key features:

  • High street location and extremely good passing trade.
  • Very loyal existing customer base. 
  • Alcohol Licence.
  • A3 Planning Use Class.
  • High annual turnover with potential for growth.
  • Low rent.
  • Zero business rates.
  • 5 star food hygiene rating.

The premises has 24 covers (internal only), a serving counter and a separate kitchen. The sale includes all equipment required to run a successful cafe / coffee shop including a very well maintained two group espresso machine and grinder. There are opportunities to expand the existing opening hours into the evening and make use of takeaway delivery companies as these are currently not explored to their full potential.

The sale would require a re-brand as the owner wishes to keep the brand / name to continue business interests outside of London.

The landlord is willing to offer a new 10 year lease within the Landlord and Tenant Act. At a rental price per annum of £18,000 with a rent review after 5 years.

Landlord's requirements:

1. Personal Guarantor (Subject to References)

2. 3 to 6 Months Rent Deposit (Subject to References)

3. Accountant's References

4. Trade References

Interested parties are invited to get in contact for more detailed information and to schedule a viewing. 


 

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Contact the seller for more details, or book a viewing

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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.

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