Family-Run Coffee Shop with High Foot Traffic in Upper Norwood London for Sale
Upper Norwood, London
- Status
FOR SALE
- Advert ID
629688
- Leasehold: £80,000 (Stock at valuation)
- Rent: £25,000 (£2,083 per month)
- Turnover: On request
- Profit: On request
Key Features
- Split Level Trading Area
- Town Centre location
- New Lease
- Accounts Available
Business Details
Coffee shop for sale in Upper Norwood
The coffee shop and patisserie, a family-operated business, is strategically positioned in the affluent and vibrant Crystal Palace triangle. This prime location in Upper Norwood, London, lends itself to high foot traffic, supported by a thriving community of locals and independent retailers, making the area highly popular for shoppers.
Over the past five years, the business has flourished, building a robust customer base. It is particularly celebrated for its extensive patisserie and cake selection. A significant feature of the establishment is its upper-floor space, perfectly suited for private functions and afternoon teas, which presents a host of opportunities for business growth to prospective buyers.
The shop is located in an area bustling with amenities, including various shops and restaurants. This strategic location amplifies its appeal to both locals and visitors alike. The business has maintained a steady increase in turnover since its inception five years ago, with accounts available to support this promising financial growth.
The asking price for the leasehold opportunity is available upon request, with an annual rent of £25,000. Fixtures and fittings are largely included in the sale, but specifics will be confirmed with interested parties. The sale is prompted by the owners' decision to relocate closer to family.
The business is well-supported by a team of two full-time and six part-time staff. Additionally, there is a strong online presence, especially on social media platforms like Instagram, enhancing customer engagement and visibility. New owners can benefit from training and support provided by the current owners to ensure a smooth transition.
This coffee shop is a highly attractive prospect with a split-level trading area, offering flexibility for potential alternative uses. The lease includes a new agreement, emphasizing its readiness for new ownership. Prospective buyers are invited to explore this promising business opportunity, set in the central position of an affluent village, adjacent to multiple retailers.
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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.
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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