| (REF: 1093) Coffee/Sandwich Bar in St Johns Wood For Sale |
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| Seller Reference: |
1093 |
| B4S Reference: |
26377 |
| Asking Price: |
£44,995
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| Net Profit: |
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| Sales Revenue: |
£140,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
St Johns Wood, Central London, United Kingdom |
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KEY FEATURES:
• Consistently high levels of turnover and profitability on restricted hours
• Widespread local reputation and regular customer base
• Lots of year round passing trade benefits
• Huge development potential
• Secure new lease available
• Situated on a busy residential road
• Priced for quick sale with early viewing essential
THE BUSINESS:
This is a very well established concern which enjoys all the considerable commercial advantages of a fantastic and much sought after trading position among other complementary outlets and with excellent close proximity to Edgware Road and Paddington underground stations on the busy residential road through the very active town of Westminster in London.
Operating from superbly fitted and presented two-storey parade premises, the business currently primarily offers a full and varied menu of classic coffee shop breakfast and lunches, together with an excellent choice of hot and cold sandwiches, snacks, side-orders, soups and beverages all prepared freshly to order in its extensively equipped catering facilities and served in the very pleasant surroundings of a tastefully furnished and appointed in-house dining area which may accommodate up to 18 covers in style and comfort. The sandwich/coffee shop has been trading for over 40 years and has built up a strong, loyal customer base not only locally but also further afield.
“Rias Altas Deli” also provides a popular sandwich takeaway service and would furnish any enthusiastic purchaser with vast scope for continued growth, not least with regard to a degree of menu expansion, the possible introduction of local delivery and outside catering services and to operating hugely extended hours in order to fully exploit year round local demand, particularly at weekends.
The business would also benefit greatly by adopting a far more vigorous marketing policy of its excellent existing facilities and services, particularly with reference to the introduction of on-line advertising and ordering in order to improve upon the already high levels of turnover and profitability it is achieving in the hands of the current proprietor. “Rias Altas Deli” was acquired by our clients in 2006, however due to health problems they have been forced to sell this business which would however be an asset to any purchaser and we would unreservedly recommend a viewing.
TENTURE:
Leasehold.
TRADING HOURS:
“Rias Altas Deli” are as follows:
Monday – 9:00am – 5:00pm
Tuesday – 9:00am – 5:00pm
Wednesday – 9:00am – 5:00pm
Thursday – 9:00am – 5:00pm
Friday – 9:00am – 5:00pm
Saturday – 9:00am – 3:00pm
Sunday – 9:00am – 3:00pm
FINANCIAL INFORMATION:
Current turnover in excess of £140,000 per annum with huge scope to increase.
LEASE:
The premises are being offered with the benefit of a secure renewable lease, the original length was 15 years and 10 years remaining with reviews every 5 years.
PROPERTY DESCRIPTION:
“Risa Altas Deli” is a mid-terrace ground and lower ground lock-up shop which forms part of a retail parade.
Internal details
Fitted and presented to exceptional trade specifications throughout, these substantial and extremely well maintained lease hold terraced parade premises have truly outstanding internal business accommodation which to the ground floor consists of an inviting deeply recessed glazed single-fronted public entrance into the main, bright, welcoming and deceptively spacious in-house and takeaway customer service and waiting area with prominent menu boards, tiled flooring throughout for easy cleaning and is attractive furnishings for approximately 18 internal dining covers which houses a full range of modern display and customer servery facilities including a substantial food serve over counter area with glass-fronted delicatessen, large glass-fronted refrigerated drinks display unit, display furniture and shelving for associated confectionery lines, electronic till point and easy open access through to a fully fitted and extensively equipped commercial kitchen housing ample work surfaces, storage units, a full range of modern high quality catering appliances and a fully equipped preparation/washing-up kitchen area.
Basement
the property provides further ancillary accommodation which consists of a range of 3 x good sized general storerooms together with a fully furnished and equipped private and general administration office area.
External details
Occupying an outstanding trading position on a high footfall prime trading position, to the front the premises are well signed and attractively presented and afford extensive and inviting display window space on to a good sized pavement trading area which could potentially provide additional external dining covers in good weather increasing the number of covers.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the Offices of Local commercial. And no approaches what so ever should be made to the owner or the business. For an appointment to view please telephone 01254 776022.
Quote Ref 1093
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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