ETS Corporate are pleased to place on the market this very well-known café which is on the market due to re-location of the Owner. It is a leasehold turnkey operation with a turnover of over £170,000 with less than a year’s trading producing an operating profit in excess of £20,000 pa.
The high-quality café for sale is located between Balham and Tooting Bec stations. It is on a large residential road with a selection of small businesses including a hair salon, gardening shop, antiques shop, pizza restaurant, bakery and an estate agent. There is free for 1-hour parking outside the premises and pay and display parking locally.
Balham itself is an extremely busy area with affluent young couples and families, and students alike. There are many schools nearby in this up and coming area of London. There is also a highly publicised summer street fair which takes place on the street.
This very new café business is being sold due to re-location and other business interests. The brand name has existed since January 2010, and has been exposed via various sites throughout London, namely:
- Soho in Jan 2010-2016.
- Pop up in Box Park Shoreditch from Oct 2011 – Sept 12
- Pop up in Google Campus Shoreditch from Jan 14 – March 14
- Opened Whitechapel Branch in May 2014 – Oct 2017. It was closed due to landlord refurbishing the building after their fixed term contract finished. On this site, the business won the “Best Independent Café” award from Cafelife Awards in 2015 and the “Best Independent Sandwich Shop & Cafe of the year” from The Sammies in 2015.
- Pop up in Old Street tube station for March 2015 – June 2015
- Pop up in Dalston (Beyond Retro clothing store) June 2015 – June 2016
The present premises opened in Balham in April 2018 and has been a thriving business producing excellent profits.
The business itself is a high-class café and offers a quality brunch and lunch service. The link for the website and full menu is https://www.foxcroftandginger.co.uk/menus.
The retail products are offered at a discounted rate from a sister company, and this arrangement and the linked discounts can be extended to the Buyer. There is also an alcohol license in place.
The brand has had a good global following from around the UK and the World which gives Foxcroft and Ginger an added benefit if a purchaser was looking to start a chain and expand. They have had articles in Time Magazine, Elle Magazine, The Times (UK), New York Times, London Evening Standard, Heat Magazine, Good Housekeeping, Korean Marie Claire, French Cosmo, GQ (Italia) and have been featured on New Delhi Television and many more publications and interviews. There is a brand video – https://www.youtube.com/watch?v=yXA70mj6qX8
The business is fully staff operated and employs 6 staff including a head chef and 2 supervisors. The till system used is Izettle Pro which is used from an Ipad and the accounts system used is Kashflow accounting. It is a true turnkey operation.
The business has a strong social media following including 2075 Facebook followers and 2130 likes, 3,835 Twitter followers, and 1055 Instagram followers.
The business will enjoy organic growth as it becomes established in the area and also by joining Deliveroo. Also, the business could open later and offer dinners.
Monday 8am – 4.30pm
Tuesday 8am – 4.30pm
Wednesday 8am – 4.30pm
Thursday 8am – 4.30pm
Friday 8am – 4.30pm
Saturday 8am – 4.00pm
Sunday 9am – 4.00pm
The turnover for the business for the full financial year will be £170,000 with a profit estimated to be £20,000.
On the ground floor there are large windows and a main door looking in to the eating area with a counter on the left-hand side. The Kitchen is to the left rear. There is a door at the far back right which leads out to the toilets and back courtyard where there are storage sheds.
The front of the premises consists of a large terrace at front which has sun all day.
There are 16 covers inside, and 14 outside.
There are 6 years left of a 7-year lease, and the rent is currently £18,000 pa. It is due to increase to £20,000 for the last 2 years of the lease and the deposit is 2 months’ rent.
Price: £69,000 plus assets
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.