Italian Cafe for Sale in Bethnal Green London with Rental Income Opportunity
Stepney, London
- Status
FOR SALE
- Advert ID
648966
- Reference
B09544 / Rightbiz
- Call Agent:
- Leasehold: £169,995
- Turnover: £250,000 (£4,808 per week)
- Profit: Not Applicable
Business Details
A Slice Above – Established Italian Cafe with Rental Income
BusinessPlease quote reference B09544
CoGoGo is delighted to bring to the market Di Stefano, an established and well-presented Italian cafe opportunity in the heart of Bethnal Green, London.
Owned since 2018, the business has built a solid local presence and benefits from a busy main road position, eye-catching signage and valuable external seating.
The business offers a stylish, modern trading environment with a serve-over counter and seating for 16 internally and 16 externally.
A major added benefit is the income from three fully tenanted rental properties arranged over the first and second floors, creating an attractive mixed-income opportunity. The sale comes about due to the owner moving abroad.
Early viewing is highly recommended.
Location
The business occupies a busy single-fronted unit in Bethnal Green, London, on a well-trafficked main road. The location benefits from strong visibility, passing trade and good local footfall, making it well-suited to cafe and takeaway-style custom.
Premises
The business occupies a busy single fronted unit on a main road, with eye catching signage and external seating to the front.
Ground floor -
- Main entrance to the service area
- 16 internal covers/16 external covers
- Serve over the counter
- Modern decor and light
- 3 rental properties
- Fully tenanted with rental incomes of £900, £800 & £850 per month.
Tenure
Leasehold. We are advised a new 15-year lease will be made available.
Rent is £48,000 per annum, with additional rental income of £13,200 per annum from the three upper-floor properties. The rental incomes are advised at £900, £800 and £850 per month respectively.
Hours
The current operating hours are:
Monday to Friday - 8:00 am to 7:00 pm
Saturday: 9:30 am to 7:00 pm
Sunday: 10:30 am to 2:30 pm
Staff
We are advised the business is supported by 4 full-time members of staff.
Financial Profile
We are advised that the business generates a turnover of £250,000 per annum.
Contact Agent
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Contact seller
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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