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Restaurant/cafe for sale

£29,995

7 The Avenue, London E4

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Property description

Business
Hilton Smythe welcomes to the market Coffee Fox. The business was originally founded in February 2017 and has been successfully run and managed by our client.

The Coffee Fox has been completely remodelled and refurbished by our client and the poplar menu includes, sandwiches, granola, smoothies, sliced cakes, cold drinks and fresh Bean to Cup coffees.
The cafe serves a popular menu including breakfasts, lunches and daily specials. Accompanied by complementary teas, coffees and soft drinks. The business also serves bagels, toasties & cakes with great scope to increase turnover by offering a proper food menu.

The cafe is immaculately presented with covers for 23 internally and a garden for possible covers in the warmer months. The sale also includes a high level of catering equipment.

The business genuinely comes to the market due to our client’s family commitments.

Coffee Fox is well supported by local residents and is very well known in the area with good repeat business.

The business has an informative website and a great presence on social media with a regularly updated Facebook page, with features and a gallery of photos.

The business has excellent reviews on TripAdvisor/Facebook with comments such as “Really lovely little coffee shop with cakes and snacks. Ambience is great, comfortable surroundings, nice little patio out back when the weather is good. Coffee is excellent, amongst the best i've tried (and I am not from around Highams Park!), cakes (locally made) are unusual and very tasty. Good friendly service. Great central location near the station. Deserves to succeed”

The purchaser should consider a modest marketing campaign, having a presence on social media is a cost-effective way to promote the business.

In addition, the new owner could consider, extending opening hours, offering a bistro style menu, applying for an alcohol license, offering an outside catering service and offering delivery in the area.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
The Coffee Fox is located in the affluent Highams Park area of London.

The business occupies a prominent trading position, on a busy urban retail parade with lots of local custom, with an exciting new development in the local area expecting to drastically increase passing trade.
Moreover, the business is just a stone’s throw away from the rail station, which adds to the footfall.

Premises
The business has excellent signage, highly visible to passing trade.
The ground floor unit provides for 23 covers and is tastefully decorated, and completed to an exceptional standard . In the warmer months, customers can take advantage of the sun trap garden to the rear. The seating is a good mix between rustic bench style seating and tables contrasted with bold coloured comfy chairs.
The main customer area has a preparation area with ample workspace, chilled units and serve over counters. Additionally, there is a separate kitchen including a double gas burner stove, sink and further preparation area.


Equipment


- 2 Under counter fridges
- 1 Under counter freezer
- 1 Cash till with key
- 1 Small, counter-top drinks display fridge
- Full stock of plates, cutlery, utensils, chopping boards etc
- Double burner stove w/ gas tank in small kitchen
- Fully fitted modern bathroom
- 4 slot toaster
- Mini Oven for pastries and grilling
- 3 German beer hall 8 seater tables with seating benches
- 1 x 4 seater table and benches
- 1 x 2 seater sofa
- 3 x Leather arm chair
- 1 x 2 seater table & seating bench
- 2 x Framed artwork by local artist priced at £50 each
- CCTV and an alarm system fitted
-Music hi-fi system & speakers

Tenure
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 5years.
Remaining lease length: 4 years as of 2018.
Rent: £12,000 per annum.

The business is currently exempt from paying business rates.

Hours
The business opening hours:
Monday: 7.30am- 4.00pm
Tuesday: 7.30am- 4.00pm
Wednesday: 7.30am- 4.00pm
Thursday: 7.30am- 4.00pm
Friday: 7.30am- 4.00pm
Saturday: 10.00am- 4.00pm
Sunday: 10.00am- 4.00pm

Staff
The business is run and managed by our client, with the help of 5 part time members of staff.

Financial Profile
Coffee Fox generated an advised turnover of circa £78,000.

What Zoopla users think of E4

Overall rating:

  • currently 4 stars
Very good - 84% (259 ratings)

Ratings breakdown:

  • currently 4.5 stars
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  • currently 3.5 stars
Entertainment & nightlife
  • currently 4.5 stars
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  • currently 4 stars
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Schools & public services
  • currently 4.5 stars
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Nearby transport

  • Highams Park (0.1 miles)
  • Woodford (1.4 miles)
  • Wood Street (1.6 miles)
  • London City Airport (7.6 miles)
  • London Stansted Airport (21.5 miles)
  • London Heathrow Airport (21.9 miles)
  • East India Pier (7.1 miles)
  • Canary Wharf Pier (7.3 miles)
  • Hilton Docklands Nelson Dock Pier (7.4 miles)

Nearby schools

View all schools in Waltham Forest
  • Handsworth Primary School (0.2 miles)
  • Oakhill Primary School (0.4 miles)
  • Selwyn Primary School (0.4 miles)
  • Big Creative Academy (2.3 miles)
  • Beacon Business Innovation Hub (2.7 miles)
  • LAE Tottenham (2.9 miles)
  • Highams Park School (0.1 miles)
  • Joseph Clarke School (0.2 miles)
  • Rushcroft Foundation School (0.7 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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