Restaurant/cafe for sale in City Of London, England, United Kingdom N1
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Property description
Business
Please quote reference B07823
CoGoGo are delighted to welcome to the market Rheidol Rooms, a highly rated, busy, family run cafe in the heart of Islington.
The business was first established in 1950 and been in our clients ownership since 2015, building an excellent reputation and regular customer base during it's time of trading. As seen by the online ratings and reviews, the business is extremely popular within the local area.
Rheidol Rooms has now come to the open market due to our clients desire to retire.
A traditional cafe in a residential part of Islington offering Normal full english breakfasts, pancakes, scrambled eggs and smokes salmon, eggs benedict, kippers and home made burgers; great food and affordable prices.
Equipment Included:
- Expresso Machine
- Industrial Kitchen
- Furniture
- Fittings
The cafe has had a lot of filming contracts that took place within the cafe, this generated another stream of income. They have featured in films such as Wonder Women2, Slow Horses on Apple TV, The Wagathachristie documentary on Disney +, The Hatton Garden Heist and many more.
Location
This business is run in Islington, London.
A lovely location with the option to sit outside if the weather permits, being a good spot for a quick pit stop for coffee or even a full english.
Premises
Basement Room -
- 3 Large Rooms
- Toilet
- Garden
Ground Floor -
- Cafe
- Kitchen
First Floor -
- 4 Bed Sits
- Kitchen
- Lounge
External Area of Premesis -
- 2x Signs
- 2x Awnings
Tenure
We are advised this business is being sold on a Leasehold Basis with 7.5 years remaining on a 16 year lease. The rent is advised to be £30,000 Per Annum.
Hours
The current trading hours are:
Monday - Closed
Tuesday to Friday- 8:00am - 3:00pm
Saturday to Sunday - 10:00am - 3:00pm
Staff
We have been advised the business is run and managed by our client.
Financial Profile
The advised turnover is said to be at £500,000. Full financials can be made available upon further request.
For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales 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.