Sourdough Sophia secures second site
January 17, 2024
Sourdough Sophia, the London micro bakery concept which last summer raised £500,000 through a crowdfunding campaign to aid its further growth in the capital, has secured its second site.
Propel understands that Sourdough Sophia has secured the ex-Costa Coffee site at 117-119 Essex Road, Islington, with an opening planned for this spring.
Founded by Sophia Handschuh and Jesse Sutton-Jones in Crouch End, the business achieved sales of nearly £1m last year out of its 650 square-foot bakery site. The company, which said it has an 87% repeat customer rate and a £10.26 average spend in store, raised the funds through Kickstarter in under three weeks.
Sourdough Sophia plans to use the new investment to triple the capacity of its existing site and have a second store open next year, with a third store opened by 2025. It is targeting revenues of £3m by 2026.
Louie Gazdar, of Davis Coffer Lyons acted on behalf of the Landlord. Adam Bowers, of onepoint2, acted on behalf of the tenant.