Iconic Notting Hill coffee shop for sale
Key Coffee Equipment
Located on Portobello Road, this iconic coffee shop for sale by way of lease assignment
SUPER PRIME LOCATION Prestigious Portobello Road location in prime section of the street on the busy side, massive tourist footfall on market days provides opportunity for growth.
EXCELLENT REPUTATION Time Out magazine ranks Coffee Plant best cafe in West London. Loyal customer base, roughly 80% of sales are to regulars. Scope for letting the shop to community groups in the evenings or changing the shop front so it opens fully permitting continental style seating.
UNIQUE APPEAL All the hot drinks are certified organic and most of the coffee to take home is dual certified organic Fairtrade. This creates valuable word of mouth publicity as there are many supporters of ethical purchasing in this area. Supplied by our own roastery, we offer an exceptionally strong but smooth coffee.
NOT JUST A CAFE We are coffee specialists, and sell a wide range of Coffee Plant coffee beans to take home, freshly roasted at our nearby roastery. £3k plus per week of turnover is in coffee bean sales. (The roastery is not included in this offer.)
SAME HANDS LAST 20 YEARS The business owner lives on the South Coast and wishes to reduce his involvement prior to retirement. He currently works one or two days per week on this business. He also owns the Coffee Plant roastery which is not currently for sale.
TURNOVER, PROFITS Turnover £8-9k net of VAT per week during Covid restrictions, estimates £12k or more per week post-Covid. We can furnish average weekly accounts based on real time data, currently showing substantial profits. In addition rent rebate is under discussion.
LEASE Lease is protected through the Landlord and Tenant Act, expires June 2024. Rent £76,500 (currently under review, likely to be unchanged or lowered). Business rates £41,000 (but rates holiday this year)
GOODWILL COST The owner seeks offers in excess of £150,00 for the goodwill, fixtures and fittings
FRANCHISE OFFERED The owner will consider all offers but would prefer to sell the shop business as a Coffee Plant franchise. This would guarantee the customer base stays loyal. There would be no extra charge or rent for the franchise. The Coffee Plant roastery already supplies many third party cafes so we can offer ample support to a franchisee.
MORE INFORMATION For further information and price indications please email your contact details, a brief CV resume of your relevant experience, and an indication of how you would plan to finance the purchase.