Restaurant/cafe for sale in Upper Tulse Hill, London SW2

£334,950
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Restaurant/cafe for sale

Property description

Ref 7754 – Freehold or Leasehold Café/Coffee Shop
Blacks Brokers are pleased to bring to the market this café/coffee shop located in Brixton Hill, London.


Introduction


Le Dailycorner Café was established by our client in this affluent residential area of London in 2012 previously as Le Deli Corner. The business has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Trip Advisor and Google. Le Dailycorner Café has a strong social media following.


Location


Le Dailycorner Café occupies a prominent main road trading position within a small parade of shops. The area is densely populated residentially and there a number of other local amenities nearby including schools, fitness centres, restaurants and parks. The area is well linked by the A23 with very strong public transport links and parking is available in the immediate area.


Reason for sale


The business is ideally suited to a hands-on owner-operator but due to our client’s relocation wishes, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


Lease


The current owner is willing to offer a leasehold option if preferable to a purchaser. A new lease can be negotiated upon sale at a cost of £423 per week.


Staff


The business operates with one member of staff in employment supporting our client working on a full time basis. Our client is willing to offer a handover period if required by a new owner to ensure a smooth transition for all.


Financial details


Le Dailycorner Café has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 30th September 2020 show annual turnover of £186,791 and gross profit of £131,579. Full financial information is available upon request.


Business rates


The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This popular and well established business occupies an enviable trading position in a sought after residential area of London. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of delivery services, outside catering, an extension of the alcohol licence (currently 7am – 8pm) and partnerships with other local businesses. A new owner could also look to create a new online presence and introduce a strong online marketing strategy. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business & Property: £334,950.

Please quote ref: 7754

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (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 Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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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