\'PRICE REDUCED FOR A QUICK SALE\' - THIS REALLY IS THE OPPORTUNITY OF THE YEAR - An Opportunity to purchase this turn key business, which has been successfully trading for the last 8 years serving delicious coffees, sandwiches, and cakes. The shop is fully fitted out and ready to re-open and trade almost immediately, it was established in 2014 and is located on the ever popular Canbury Parade, North Kingston, Surrey KT2 5BZ.
This advert is for the sale of the company \'Cake Walk London Ltd\', and includes all equipment and the ability to take on a turn key business operation and trade almost immediately in this commercial rental property. The shop is a leasehold commercial tenancy with rent set at £14,000 per annum. The landlord has agreed to renew the lease to the new purchaser for a further 10 years, with a 5 year rent review at a rent of £14,000 per annum.
CAKE WALK is an award-winning, highly successful cafe. It serves a loyal clientele base with high quality Coffee, Sandwiches, Cakes and Deli Products throughout the day and is particularly busy for breakfast and lunch.
This highly profitable business is in a fantastic location on Canbury Parade just off Richmond Road and offers a superb opportunity to Purchase the entire business in one transaction, a turnkey purchase with a week complimentary staff training for new staff as part of the transfer, all of which is very rare to acquire these days.
The cafe has been built up by the current owners Emre & Eliff over an eight year period, but they have now decided to retire and return home to Turkey. It serves a wide range of speciality teas and coffees, but it’s probably its strong reputation for desserts and pastries using all-natural and organic ingredients that is best known for.
The cafe has become a lively meeting place for the local community and passing trade and it has a tranquil, warm and friendly atmosphere. It is an ideal place to spend time drinking excellent coffee and eating homemade sandwiches, salads, and light meals.
The Shop comprises of front of shop area with central glass door and bifold windows, this is an open plan, tiled area with refrigerated glass display units for cakes, coffee making and meal preparation, counter area, display shelving for deli products, and opportunity to fit 4 x tables and chairs inside. Externally there is a large forecourt with Canopy Cover for all weather dining of approx. 10 -12 tables. Downstairs there is a fully fitted kitchen, with large storage fridge and freezer, double baking ovens, kitchen sink, microwave, and ample preparation room to make sandwiches, cakes, buns, soups, etc. There is a customer’s toilet, and a good-sized storage area for additional food products
Weekly revenues are strongly supported by: -
* Five-star Trip Advisor reviews
* High ranking on Google searches
* Strong social media presence
* Uber Eats / Deliveroo can be added to the business
Only serious enquiries are requested. We want Cake Walk to continue to provide for its loyal customer base so if you think this established brand and business is for you then pleases email or call us
Ground Floor Shop: 20 sq./m) (approx.)
Lower Ground Floor Kitchen/Storage/WC: 20 sq./m) (approx.)
Total internal area: 40 sq./m(approx.)
Business Class: The property has A1 (Retail) business usage.
Business Rates: The Rateable value is less than £12,500 and therefore, there are no business rates.
Premium: £25,000 for Cakewalk business and all fixtures and fittings
Lease Length– The Landlord has agreed to provide a new 10 year lease with a rent review at Year 5, at a rental cost of £14,000 per annum.
Annual Rent: £14,000pa
Turnover: £120,000pa (£2,308 Per week)
Net Profit: £48,000 (40% Profit margin)
Legal Costs: Each party will be responsible for their own legal costs.
Non Refundable Reservation Fee – A £6000 NRRF will be required to secure the property which will be refunded on completion of the purchase of Cakewalk.
These particulars do not constitute any part of an offer or contract.
Misrepresentation Act 1967: Messrs. GREENWOODS Commercial for themselves and the vendor(s) of this property whose agents they are, give notice that;
Tenure : Leasehold