TRCU Coffee Concepts Ltd has appointed Colliers International to sell its two Central London artisan coffee shops, trading as New Row Coffee and Freestate Coffee, both located in the West End.
New Row Coffee an established espresso bar is located in New Row, Covent Garden, just off St. Martin’s Lane, close to the Theatre district and began trading in March 2012.
Freestate Coffee, a former Pret a Manger unit is situated on the corner of Southampton Row and Sicilian Avenue in Holborn, with outside seating, and only began trading in Feb 2013.
Samuel May, Senior Surveyor, Licensed and Leisure, Colliers International said “TRCU has decided to sell the businesses, because the owners are moving back to the US for both personal reasons and to start up another coffee business. We were brought in initially to give specialist valuation advice in relation to the trading business, and subsequent disposal advice in relation to the artisan coffee, food & beverage and restaurant market - all of whom have shown interest in this sale. This rare opportunity to buy an established profitable coffee business will be an excellent bolt-on to an established coffee operator, or will be of interest to an entrepreneurial barista looking to go solo to buy a proven coffee business with two prime locations and established clientele. Whilst we have only begun to market the business to a targeted coffee audience, we have also had interest via our Colliers Australia office from Australian café operators looking to come in to the competitive London specialty coffee scene.”
A purchase of the company would give the buyer immediate ownership of both leasehold sites and all fixtures and fittings.
Further information on the opportunity and bidding process is available from Colliers to named parties only.