Well Hall Parade, Eltham, SE9

For Sale - Offers Invited

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  • ESTABLISHED COFFEE SHOP FOR SALE
  • 20 COVERS / PREMISES HAS 'A1' USE
  • SALES FOR YEAR END 2017 £63,000 (GP AROUND 50%)
  • SCOPE FOR FUTURE GROWTH IN SALES
  • LEASE UNTIL NOV 2021 / MODEST RENT £9,600pa

LOCATION:
Eltham is a suburban district of south east London, in the Royal Borough of Greenwich. It is located some 8.7 miles east south-east of Charing Cross and around 5.8 miles west of Bexleyheath.

The subject premises forms part of a small shopping parade just off Well Hall Road. Other businesses within the parade are independent and specialist retailers and the area immediately behind the shops is predominately residential.

Eltham has its own Network Rail station which is located within a few minutes' walk of the subject premises and the town is well served by bus routes and has good road links.

DESCRIPTION:
The subject property comprises a ground floor lock-up 'A1' premises forming part of a small shopping parade. There is a modern fully glazed frontage incorporating a single entrance door under a signage.

There is an open plan public area of around 435 square feet with tables and chairs for 14 persons plus window seating. There is also some outside seating. The counter position / preparation area including a serve over chiller is to the left hand side with behind a kitchen of 75 square feet. To the right-hand corner is a customer toilet.

The public area is finished off with pine stripped flooring, painted walls & ceilings, spotlights and drop lighting giving the overall feel and appearance of a clean modern business.

We understand that the fixture and fittings were acquired when the business opened and are owned outright with nothing held on either lease or loan agreements.

THE BUSINESS:
It's All About Taste has been established since 2015 and is now only being sold due to genuine family reasons

The business is that of a high-quality coffee shop offering a menu including sandwiches, baguettes, paninis, salads, wraps and breakfasts. There is a good selection of coffees, tea and hot chocolate.

Owned and operated by one working owner who is assisted in the day to day running of the business by two members of part time staff. The business is open to trade Monday through to Saturday 9am through to 4pm thus providing a total of 42 trading hours per week.

The business benefits from regular trade from repeat custom, support from the surrounding residential area, commuters and local shoppers.

TRADING INFORMATION:
At the time of our inspection we were provide with a sales sheet from 1st January 2018 through to 9th September which showed sales of £43,841.

AGENTS COMMENTS:
It is our opinion that weekly sales could be increased by expending the opening hours, opening Sunday, an increased menu, outside catering and parties.

TENURE:
The premises are available by way of an assignment of a 5 year lease which commenced on the 1st December 2016. The current passing rental is £9,600pa

A rental deposit will be required subject to status.

EPC RATING:
The premises has an EPC rating of D -77

RATES:
We understand that the rateable value is £5,000 per annum. Interested parties are advised to make their own enquiries with the relevant council with regards to possible rate relief.

LEGAL FEES:
Each party are to be responsible for their own legal costs

VIEWING ARRANGEMENTS:
No direct approach may be made to the property. For an appointment to view, please contact the agent.

Hummerstone & Hawkins
144 Welling High Street
Welling, DA16 1TN

T: 0208 303 1061
E: agency@hummerstone.co.uk


IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.