£270,000

Restaurant for sale

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Business

£270,000

Restaurant for sale

London, England, United Kingdom E1

Local area information

Property location

Nearby amenities

  • Mazahirul Uloom London School 0 miles
  • Stepney Green 0.1 miles
  • John Scurr Primary School 0.3 miles
  • Mile End 0.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Bromley-by-Bow to find out more about the area.

Features and description

Business
Please quote reference B07086

Hilton Smythe are delighted to welcome to the market a highly rated coffee shop based in the Bethnal Green area of London.

The business was established by our clients in 2018, building up an excellent reputation and loyal customer base.

Only now does the business come to the open market due to our clients desire to move onto other business ventures.

The business trades as a Coffee Shop on the ground floor, with 3 rental properties above.

Key selling points -


  • Repeat custom
  • Scope for expansion
  • Handover offered
  • Additional income from rental properties above
  • Excellent reviews

All fixtures and fittings are included in the sale, with a detailed list of equiptment/assets available upion

Location
The coffee shop occupies a highly desirable trading location on Mile End Rd in Bethnal Green, London.

The business receives high levels of footfall and passing trade.

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 counter
  • Modern decor and light

First & Second floor -


  • 3 rental properties
  • Fully tenanted with rental incomes of £900, £800 & £850 per month.


Tenure
We are advised that the business is being sold on a Leasehold basis, with 16 years remaining on the 20 year lease. The rent is £3,750 per month.

Hours
The business hours are -

Monday – 08:00 – 17:30
Tuesday – 08:00 – 17:30
Wednesday – 08:00 – 23:00
Thursday – 08:00 – 23:00
Friday – 08:00 – 23:00
Saturday – 08:00 – 23:00
Sunday – 08:00 – 23:00

Staff
We are advised that the business has 4 full-time members of staff.

Financial Profile
We are advised that the business generates a turnover in the region of £750,000 as per the 2023 accounts. Further financials can be made available upon request.

Please quote reference B07086

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Hilton Smythe Business Sales. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Business Sales for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. London
  4. East London
  5. Mile End
  6. Stepney Green
  7. Mile End Road

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