Due to change in personal circumstances, we are selling our business, including trading name, website and social media.
The asking price is set at £20,000 as this is a quick sale.
The premises include a ground floor, a basement and a garden and the rent is, for ground floor only, £400 p.w., or both ground floor and basement, £500 p.w. The first option allows a short lease and no premium and bills shared with the landlord, whereas the second option can be taken only upon payment of a premium (to be confirmed) and with a 10-15 year long lease. Rates in the region of £9,000 p.a
We sell all the fittings, furniture and equipment including La Cimbali M29 coffee machine.
The premises benefits, among the other things, from a just renewed alcohol licence as well as the music one.
We have been able to establish our names within Camden's community since day one with various recognition such as TimeOut 4-star ratings, 5-star ratings across all media, shortlisted start-up of the year and awarded with Camden's best eating and drinking experience in 2017. Again, personal circumstances force us to now follow other paths and a very quick sale as this is literally a walk-in business: no major refurbishment needed, if any at all.
Quickbooks accounting up to date and relevant reports available to be checked. The bank account has no dodgy transaction and that means the Company is a neat and clear one, ready to be taken over. The selling price is set at £30,000 as the growth potential, both because of the area and, above all, because of the business itself, is exponential.
We have started our adventure from less than scratch, we took over the premises in September 2016 and, after refurbishment, we started trading at the beginning of December 2016. As of month 4, the business has been able to run by itself.
Of the two options to take over the first one is recommended as it would be a small investment since premium would not have been paid, and the new owner will be able to virtually enter the premises and start trading at once. Also, by keeping the same name, considering the sowing we have done over the past 16 months, they will only have to concentrate on the harvesting, rather than starting all over again. That's why we sell the Company as a whole.
The garden at the back is great now that the good weather is approaching.
Overall, as a full house, the premises can accommodate about 30 covers.