Restaurant/cafe for sale in Romford Road, London E12

£34,995
Restaurant/cafe for sale
Interested in this property? Call +44 1204 351867 * or Request Details

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Property description

Business
Hilton Smythe are delighted to present to the market an exceptionally presented modern cafe/takeaway which comes with a large outside terrace. The successful business was fully refurbished by our client 2.5 years ago who spent in the region of £40,000 transforming the tired cafe unit.

Our client is looking for a quick sale so is pricing the business for the assets and lease transfer only to allow him to concentrate on his other business interests.

The cafe is fully staff run as our client works full time in his garage business.

The business attracts local office workers, builders, garage workers, parents and teachers from the local schools and commuters.

The business currently offers -


  • Traditional English breakfasts

  • Fresh croissants, pastries and muffins

  • Freshly made burgers, hot sandwiches and pasta dishes

  • Hot paninis, baguettes, cakes, salads, jacket potatoes

  • Bean to cup coffees, smoothies and cold drinks

  • Snacks, biscuits and donuts


The business previously offered Italian Stone Baked Pizza which was very popular with locals and families however due to staffing issues, our client removed from the menu to not disappoint.

Any new buyer would benefit from adding any of the following to increase current sales levels -


  • Adding pizza back to the menu

  • Having an owner working full time in the business

  • Extending the opening hours to include an evening menu

  • Adding any of the well-known delivery partners to increase local delivery turnover

  • Add an outside catering menu for the local offices and businesses

  • Applying for an alcohol licence


Very rarely do cafe business of this standard come onto the market in this area and we strongly recommend early viewing to avoid disappointment.

Location
Cafe Italia occupies a highly sought-after trading position on Romford Road in Manor Park in London E12.

Romford Road is a busy link road from the North Circular, linking Ilford to both Stratford and central London. There is an excellent choice of independent businesses, garages, takeaways, offices, leisure and community centres as well 3 schools - John Heron Primary, Dersingham Primary and Sheringham Nursery School. This is a large and popular residential area with excellent football throughout the day and evening.

Manor Park is a residential area and district of the London Borough of Newham in east London, the area is borders by Ilford to the east, Forest Gate to the west and Wanstead to the north.

There is free parking and metered parking available in the adjacent streets.

The business sits between Manor Park and Ilford mainline stations.

Premises
Front external -

Dining pace for min of 15 covers - includes 4 x red metal stools to raised table and 4 lower level tables with 11 chairs, A board.

Ground Floor - further 10 covers, open drinks chiller, 3 x industrial style pendant lights to the window and above the counter, solid wood counter servery with integrated glass fronted display chiller, till and card machine, cutlery stand, exposed wooden flooring.

Customer Toilet

Service / Kitchen - new tiled flooring includes drinks fridge, wall mounted storage shelving, blackboard menu board, 2 x arm semi-automated coffee machine and grinder, space for pizza oven, extraction hood, single fryer, dualit mini oven, stainless steel prep fridge, griddle, microwave, drinks blender, buffalo panini grill, storage boxes, small fridge, music system.

CCTV throughout.

Premises are 28sqm.

Tenure
The business is being sold as a Leasehold with 2.5 years remaining on a 5-year renewable lease paying just £15,600 per year. The business benefits from full small business relief on the business rates paying 0 rates in the current year.

Hours

Monday - Saturday - 7am to 7pm



Sunday
- 9am to 7pm



Staff
The business is run by 2 x full time members of staff.

Financial Profile
The business currently averages at £1,500 to £2,000 per week, when pizzas were on the menu this increased to £3,000 per week. Gross profit of £65,000.

Arrange Viewing

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

Contact Hilton Smythe Commercial about this property

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Disclaimer

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 PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation 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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