A1 Licence Cafe for sale in Melcombe Street, Marylebone
Marylebone Properties International welcomes to the market this well-presented A1 Licence Cafe for sale in Melcombe Street, Marylebone. The business is well established and was first opened around 12 years ago. Our client is now looking to sell due to the desire to move abroad.
The business runs as a coffee shop and restaurant, selling a fantastic range of delicious Mediterranean foods. They offer breakfasts, lunches and hot and cold, pastries, cakes and sandwiches. The business is highly popular and receives a generous amount of repeat trade and heavy footfall, thanks to the close proximity to Baker Street and Marylebone Stations, touristic attractions and several offices (including BNP Paribas) and schools.
The coffee shop generates a healthy turnover of around £300,000 per annum. There is further potential to boost turnover by extending opening hours, adding the alcohol licence and by introducing happy hours to welcome workers when the offices close. Deliveroo and Uber Eats can also assist the new owner in increasing sales and maximise brand exposure. By opening later hours the new owner could look to offer an evening menu which should maximize trade.
This is a wonderful business in a beautiful position, a real lifestyle business with high levels of repeat trade. Marylebone Properties International highly advise early viewings to take in full potential of the trade.
The unit for sale is located next to Baker Street, Marylebone.
The business is situated on a parade of shops in a very good location close to numerous office developments and within easy reach of Marylebone Station and Marylebone Road.
The area has great tourist attractions such as Regent’s Park, Madame Tussauds, Abbey Road, Paddington Basins and much more.
Ground Floor: Approximately 650
Basement: Approximately 500 .
Outside: Decked pavement area with seating for a further 4 at tables and chairs alfresco.
The business is located moments away from the well’known BNP Paribas Bank. The café is well-signed with a big sign across the front and on the side. There is a terraced area for table and chairs for al fresco dining during the warmer months. The premises benefits from a ventilation system. The capacity of the bar is 40 seats.
Beautifully presented and well-maintained unit. There are large windows to the front creating a light airy and inviting interior. There is a wooden floor, artworks on the walls, display alcoves, modern LED lights running though the ceiling, the best LED lighted Beverage Shelves, dado rail, bar, bespoke counter area with glass fronted display, sophisticated Android Platform till, perimeter shelving, menu boards, latest coffee machine, coffee grinder and a hand wash basin.
On the lower ground floor, 2 toilets, prep area, office the staff room, the utility room. A further spacious fridge and freezer are also accommodated for extra storage
Comprehensively equipped catering kitchen presented in immaculate order. With anti-slipping flooring, full Extraction System, 2 Commercial Microwaves, Panini Maker, 6 Slot Toaster, Holman Conveyor Grill, Perimeter Shelving, Utensil and Crockery Storage, Stainless Steel Preparation Tables, Commercial Dishwasher, Cupboards, Sink, Hand Wash Basin, 4 Burner Gas Cooking Range, Tall Upright Sadia Refrigerator and Main Combi Water Heater and a Separate Galley style kitchen with part stainless clad walls and a Stainless Steel Industrial Sink & Drainer Unit.
A decked pavement area with seating for a further 4 at tables and chairs alfresco, for a more entertaining dining experience in Marylebone.
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 10 years
Rent: £42,000 per annum
Premium: £150,000 (negotiable)