*** A1 fully Licenced Cafe and Bar*** The business has been running successfully for 9 years.
The business runs as a coffee shop / bar and selling a fantastic range of delicious homemade foods. They offer breakfasts, lunches and hot and cold snacks and prime wines in the newly refurbished premises. The business is highly popular and receives a generous amount of repeat trade and heavy footfall, thanks to the close proximity to Marylebone Station and several offices (including BNP Paribas) and schools.
The coffee shop generates a healthy turnover (full data available upon request). There is further potential to boost turnover by extending opening hours and by introducing happy hours to welcome workers when the offices close. The business closes at 5pm from Monday to Sunday. By opening later hours the new owner could look to offer an evening menu which should maximise trade.
The coffee shop has very little competition around offering not only coffee but also a wide variety of British, Mediterranean and European delicatessens.
The business has an exceptional reputation in the area and they also collaborate with local artists displaying their artwork in the shop.
This is a wonderful business in a beautiful position, a real lifestyle business with high levels of repeat trade. Marylebone Properties International highly advise early viewings to take in full potential of the trade.
Sky Café and Bar is located in Lisson Grove, Marylebone.
Ground Floor: Approximately 500
Basement: Approximately 180 .
Outside: Tiled pavement area with seating for a further 4 at tables and chairs alfresco.
Small yard to the rear.
The business is located moments away from the well' known BNP Paribas Bank. The café is well-signed with a big sign across the front and on the side. There is a terraced area for table and chairs for Al Fresco dining during the warmer months. The premises benefits from a ventilation system. The capacity of the bar is 36 seats.
Beautifully presented and well-maintained café. There are large windows to the front creating a light airy and inviting interior. There is a wooden floor, artworks on the walls, display alcoves, modern LED lights running though the ceiling, the best LED lighted Beverage Shelves, dado rail, bar, bespoke counter area with glass fronted display, sophisticated Android Platform till, perimeter shelving, menu boards, latest Astoria coffee machine (now introduced also in Costa Cafe), coffee grinder and a hand wash basin. A beautifully designed stair leads to the lounge in the basement, where customers are welcome to sit in a modern and elegant environment, where leather sofas and table are placed. The floor is covered with shiny ceramic tiles and the ceiling is also a piece of design work, with LED Lights imitating the night sky, dotted with stars.
The cafe benefits from 2 fully-tiled bathrooms with Dyson Hand-Drier, luxury mirrors, on the lower ground floor.
On the lower ground floor, the staff room, the utility room. A further spacious fridge and freezer are also accommodated for extra storage.
Comprehensively equipped catering kitchen presented in immaculate order. With anti-slipping flooring, full Extraction System, 2 Commercial Microwaves, Panini Maker, 6 Slot Toaster, Holman Conveyor Grill, Perimeter Shelving, Utensil and Crockery Storage, Stainless Steel Preparation Tables, Commercial Dishwasher, Cupboards, Sink, Hand Wash Basin, 4 Burner Gas Cooking Range, Tall Upright Sadia Refrigerator and main Combi Water Heater and a Separate Galley style kitchen with part stainless clad walls and a Stainless Steel Industrial Sink & Drainer Unit.
A decked pavement area with seating for a further 4 at tables and chairs alfresco, for a more entertaining dining experience in Marylebone. To protect the clients cherishing a relaxing moment on the deck, the branded canopy can also be rolled up and down with a remote controller.
Private yard to the rear.
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 15 years
Remaining lease length: 12 years as of 2016.
Rent: £15,000 per annum
Business Rates: £7,000 per annum.
Premium: £135,000 + stock at valuation (negotiable)
The business generates a turnover in the region of £220,000 per annum.
The turnover of the bar can be easily leveraged, opening until 11.30 pm, as the license hold by our clients allow them to be open until late. Strong of this, the new leaseholder can also host a wine bar during evening time, as the bar is already renewed for its selection of prime wine from all over the world.
The vendor has obtained a Premises of Licence and Late Night Refreshment Licence, permitting the sale of alcoholic beverages, trading till 11.30pm from Monday to Saturday and till 10.30 on Sundays.
Viewings by appointment only.
Our agency will not progress an application until the holding deposit has been paid and an application form is completed and returned by the applicant(s). To avoid unnecessary delays, it’s important that you return your application form(s) within 48 hours.
The holding deposit is the equivalent of one week’s rent, which once paid, is offset against the total balance due.
A tenancy cannot be completed until the agreed first month’s rent and bond are paid in full. On occasions, the Landlord may request a guarantor in order to offer a tenancy subject to referencing. The holding deposit is non-refundable should following referencing, it is discovered that key material facts have been omitted or prove false which then leads to the Landlord declining your application.
By paying the holding deposit, the property you have reserved will be taken off the market and all future viewings cancelled, and it is therefore deemed fair that the tenant will receive no refund should they later decide not to take up the tenancy or fail to move in on the agreed proposed check in date.
If the Landlord decides against proceeding with the tenancy, the tenant will receive a full refund of all monies paid.