To Let
Seven Sisters Road, Finsbury Park
£25,000 pax


  • arrow icon EXCELLENT CORNER PREMISES GROUND FLOOR SHOP/OFFICE A1/A2 TO LET 1,204sqft

Established cafe business, Use Class E premises to let. Prominently positioned with excellent footfall and only a short walk from Finsbury Park Station. The accommodation is arranged over the ground floor and thought suitable for a number of trades subject to the necessary consents.

LOCATION
The property is located on the corner of Seven Sisters Road and Pooles Park, On the North side of this extremely busy thoroughfare, linking Holloway Road and Finsbury Park, in the heart of this densely populated commercial & residential catchment area. Excellent public transport with Finsbury Park Mainline and Underground (Piccadilly & Victoria Line) Stations close by and numerous bus routes serving the immediate area.

DESCRIPTION
Use Class E premises arranged entirely over the ground floor with excellent return floor to ceiling glass frontage. The property comprises main open plan customer service area at the front with several rooms (inc. meeting room) towards the rear. Store rooms, WC's and kitchenette are located at the back of the property along with rear access from Pooles Park.

Business Overview:

Fine and Grosso - Coffee Station is a London-based coffee shop offering space for people to work and relax, at the same time the shop is open for other customers who want to sit or take away coffee, sandwiches, drinks, coffee gadgets and snacks.
The Company offers a day pass option for customers who want to seat in comfortable and and work all day.

Having built up the business, the owner is offering the shop and trade name including the website for sale to facilitate continued growth under the impetus of a new owner.

Fine and Grosso was established during the Covid-19 pandemic in Aug 2020.
However, it continued to operate a kiosk takeaway service during most of this period, highlighting its adaptability and resilience.

Fine and Grosso offers breakfast and lunch menus, comprising a variety of delicious coffee blends, cold drinks, sandwiches, oven bake and confectionery which can be enjoyed from its beautifully designed coffee shop or purchased to take away. The coffee shop prides itself on its skilled Baristas, advanced equipment, and fast service. The shop is simple to operate, basic barista training is needed, no special skills.

Trading hours: Monday to Friday 08:00 to 17:00, Weekends: 10:00 to 17:00.


Customers:

The coffee shop provides its services for a variety of individuals, Young professionals’ freelancers and young families throughout the Finsbury area. Due to the convenient location of its premises, which are situated in proximity to Finsbury Park tube station and Emirates Stadium, the business receives a high volume of new customers, on a regular basis Pre Covid – 19. (42M Passengers a year by TFL)

Staff:

Owners, who are assisted by a team of 3 staff including one Supervisor as a working manager and three skilled Baristas working by the Hour contracts.


Growth:

Fine and Grosso presents an ideal opportunity for organisations to integrate its employees working in the coffee shop by offering them special deals as a replacement to work from home or office. There are various opportunities for the coffee shop to focus on its marketing activities to achieve additional expansion such as social media and deliveries. There is also scope to expand Fine and Grosso’s menu. Open further branches across London and the UK to enhance the Company’s national presence.

The coffee shop and kitchen have the capacity for further staff and more menu products.
Following the transaction of the coffee shop and after, current owners are open to support and cooperate with the buyer.
Stretching the opening hours and doing private events after working hours.

Financial Information:

Nearly £10,000 revenue a month.

Forecasting:

£400.00 a day, £12,000 monthly revenue, £144,000 yearly turn over.
EBITDA: 20%, £28,800 yearly profit before tax.
£600.00 a day, £18,000 monthly revenue, £216,000 yearly turn over.
EBITDA: 25%, £54,000 yearly profit before tax.
£800.00 a day, £24,000 monthly revenue, £288,000 yearly turn over
EBITDA: 27%, £77,760 yearly profit before tax.
£1,000.00 a day, £30,000 monthly revenue, £360,000 yearly turn over.
EBITDA: 28%, £100,800 yearly profit before tax.

Additional Information:

Sale price is £145,000 + VAT.

Sale includes the lease, branding, website & social media, equipment & stock.
The 3 Baristas probably would stay with the new management.
Rent deposit is 3 months’ rent - £6,875.

ACCOMMODATION
Ground floor 1,349.7 sq ft / 125.4 sq m

AMENITIES
Corner position, glass frontage, suspended ceiling, rear access, kitchenette, WC and storage room.

TERMS
Assignment of an existing Full Repairing and Insuring lease for a term of 10 years. Outside the Landlord and Tenant Act
Lease granted June 2020

Rent : £23,500 in Year 1, £25,000 in Year 2, £27,500 in Years 3, 4 & 5

Premium : £145,000 + VAT

OUTGOINGS
Parties are advised to make their own enquires with the local authority. Estimates rates payable £11,000 per annum.

VAT
Under the Finance Acts 1989 and 1997 VAT will be levied on the rental price. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.

VIEWING
Strictly by appointment through Drivers and Norris.

Contact us to request a video walkthrough.

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For further details on this property please call us on:
020 7607 5001

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