* Calls to this number will be recorded for quality, compliance and training purposes.
Ideally located close to busy rail stations.
Combined Turnover of £318,000
Two superbly presented premises with modern decor & outside seating
Very reputable with 133 Google reviews and a 4.8-star rating
Reference - 47938
Description The Coffee Bars are in Streatham in South London one close to Streatham Common Station and the second near Streatham Hill Station. The first has 20 covers internally, 12 outside the front of the shop and 8 to the rear courtyard, the second has 11 internally and 2 externally.
The two sites currently generate an average weekly income of £11,000 per week and has experienced an increase in sales during Covid-19. There is potential to apply for an A3 license for the larger unit to facilitate an evening menu. An owner operator could also save on wages.
Both sites are superbly presented and offer an excellent business opportunity.
Sales Currently shop sales average £11,000 approximately.
Accounts Current records and accounts can be inspected when viewing
Staff Operated under management with zero hour part time staff.
Building External Greyhound Lane is a wide single fronted mid-terrace three storey building with outside seating for up to 20 customers.12 outside the front and 8 to the rear courtyard. Internally has seating for up to 30 with the customer service counter to the left. At the rear is a kitchen and good-sized storage room and a passageway that leads to customer toilets including baby change, a small outside courtyard with additional seating and a second storage room.
Drewstead Road is a characterful two storey single fronted building with a customer service and dining area at the front with counter to the right and a small seating area at the front. To the rear is a kitchen and staff W/C.
There is no residential accommodation for owners/management available.
Tenure We are advised that Greyhound Lane is held on a 10-year lease which commenced in April 2014. The annual rent is £14,500 exclusive (correct as advised on 04/08/20).
We are advised that Drewstead Road is held on a 10-year lease which commenced in 2016. The annual rent is £10,000 exclusive (correct as advised on 04/08/20).
No business rates as they qualify for Business Rate Relief. This is because they are separate businesses
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary This is an excellent opportunity to acquire two profitable, very well-presented and ideally located coffee bars in South London. Early viewing come highly recommended.
For more information about this property, please contact Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)
Contact Kings Business Transfer about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer 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.