FinanceYou can borrow
£ 39,750 (lease)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Situated in a parade, excellent trading position, LONDON, SE
Features
Folding Glass Fronted Doors (can be open front - weather permitting). ATTRACTIVE PATISSERIE with woodstrip floor, suspended ceiling with concealed lighting. 8 tables with chairs providing seating for approx. 30 persons. Cool display serveover counter, 3 group coffee machine, coffee grinder.
LARGE KITCHEN with quarry tiled floor. 6-burner gas cooker, 1 gas convection oven, 3-door stainless steel counter fridge, 2 stainless steel fridges plus additional fridge, upright large deep freeze, 3 small chest deep freezes, double sink, single sink, wash hand basin.
Ladies' cloakroom with w.c. and wash hand basin plus baby changing facilities
Gentlemen's cloakroom with w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover currently averages £2,500/£2,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. We understand there is a Premises Licence for the sale of wines, beers and spirits and there is potential for the introduction of the sale of alcohol, subject to obtaining the necessary Personal Licence.
Staff
The business is at present operated by the vendor on a part time basis with the assistance of 4 full time and 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Opening Hours
9 a.m. - 8 p.m. seven days per week
Accommodation
The SPACIOUS accommodation in the form of a SELF CONTAINED FLAT over, comprises:
6 Bedrooms (4 doubles, 1 with en suite shower room with showe, w.c. and wash hand basin), 2 singles
Bathroom with bath, w.c. and wash hand basin
Kitchen
At present the accommodation is let on shorthold tenancies and provides a rental income currently we understand of £2,490 per month.
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired from March, 2013 at a rental of £22,000 p.a. exclusive of rates up to March, 2018, with rent to be agreed thereafter. (As will be appreciated with the current rental of £29,880 there is a profit rental at the present time of £7,880 p.a).
Uniform Business Rates: £6,350 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
Selling your business?
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