Listing Number: 66661-87237
A fantastic opportunity to purchase an established coffee house that has been in business for 15 years, in a busy high street area in West London. The business is open from 5am to 11:30pm every day and has a full A3 licence. The business premises are spacious and cover 60 square metres on the ground floor with similar space below where the kitchen and store rooms are located. At the rear there is a partially covered garden area of about 50 square metres, which is used for shisha at present.
The business has gross sales of £2,500 week and has very high profit margins of 60%, resulting in annual net profit of £78,000/annum, representing a payback of just under 2 years on the initial investment. The rent on the lease is £25,000/annum with business rates of £5,000/annum. There is considerable scope to develop the business further, by extending use of the rear garden area, as well as much more advertising, which has not been done until now.
The owner is selling the business to focus on a restaurant business in another area of Greater London.
This business is being marketed by Transworld Business Advisors as sole agency advisors. Please get in touch on 07881-500900 or email@example.com for more information about this great opportunity.
- Price: $150,000
- Down Payment: $0
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Location: Greater London, England
- Inventory: $0
- FF&E: $0
- Employees: 0
- Reason for Selling: Focus on another business
- Category: Catering