Richmond,Surrey,UK, ID 139837
This well-established and highly profitable cafe and bakery business has been operating successfully for nearly 10 years in the heart of Richmond. It is a popular choice among locals and school communities, providing a loyal customer base and steady foot traffic. There are no competing cafes in the immediate area, giving this business a unique advantage.
The property is available under a secure lease, with the current lease term running until February 2035. The rent is £21,000 per annum until February 2027, with an increase to £22,500 thereafter. The rent is reviewed every 5 years, with the next review set for February 2030. The premium for the business, lease, and fixtures and fittings is £160,000.
The cafe and bakery has been successfully operating for nearly 10 years, and its long-standing presence in the community ensures a stable revenue stream. The business generated approximately £729,000 in gross revenue in 2024. Currently, the business is managed by two directors with the assistance of 4 full-time and 3 part-time staff members. The directors also draw salaries and other benefits from the business.
The cafe and bakery is situated on a busy parade of shops in Richmond, a highly sought-after area. The premises enjoy high visibility with no direct competition from other cafes in the vicinity. The surrounding area features a mix of independent shops and national retailers, drawing in foot traffic and further increasing the potential for customer acquisition.
All interested buyers are required to provide proof of funds to meet the premium and landlord’s requirements. Additionally, all potential buyers must agree to a Non-Disclosure Agreement (NDA) to ensure the confidentiality of the transaction, as requested by the current owner.
The information provided by the seller is given without responsibility on the part of the firm. As such, it should not be relied upon as fact. Any prospective buyer must verify the accuracy of all statements and data provided. Neither the firm nor its employees have any authority to offer guarantees, representations, or warranties concerning the property or business.
