The cafe already enjoys very high footfall. The forthcoming Cross Rail station will add to this, as will the relocation of a large City institution with 4,000 new customers on to the cafe’s doorstep. The business survives due to the excellent reputation that I have worked hard for the last 8 yrs. Its word of mouth, fresh product, service and wide selection offers to repeaters and the daily changes to the menu. The interior is well laid out, catering for both the takeaway and eat-in crowd. The hot buffet is very well priced and extremely popular. The cafe can accommodate 70 covers and it is rare to see many empty seats, given the free WiFi, superb coffee and food on offer.
One of the few cafes to have an alcohol license, this represents a fantastic opportunity for an energetic new owner keen to extend the opening hours to cater for the after-work crowd seeking both food and coffee from a top-notch, independent establishment. One review reads: “This is a popular spot for lunch in the square mile and the eating area is always busy, although I always takeaway as I work around the corner. They do a great selection of Specialty deli sandwiches off the menu and to order, but prefer the pizzas.
Location
The premises are prominently located on Coleman Street a short distance from Bank of England and short walking distance to Moorgate Tube Station.
Accommodation
SIZE: Approximately 1580 sq ft including basement.
FIXTURES & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.
Terms
Full repairing and insuring & renewable lease with 5 ½ years remaining & next rent review is in December 2014.
USES: A1 with alcohol license.
PREMIUM: £165,000 for the benefit of the lease, fixtures, fittings and goodwill.
RENTAL: 70,000 per annum
SERVICE CHARGE: £3,000 per annum
BUSINESS RATES: Approximately £38,000 per annum. Interested parties are recommended to make their own enquiries with the Rating Department of City of London.
OPENING HOURS: Monday till Friday 6:00 a.m till 6:00 p.m
TURNOVER: Current turnover in excess of £468,000 per annum approximately.