Cafe Restaurant in Waterloo For Sale

Situated in a parade, prominent corner position, excellent main road trading position, residential, office and commercial area, SE LONDON WATERLOO

Price £90,000

Features

Café - A3 Use (currently Closed)

5 STAR HYGIENE RATING

OUTSIDE DINING FOR 20 PERSONS

PREMISES in the region of 646 ft² WITH ELECTRIC AWNINGS. Tiled floor plasterboard ceiling with concealed lighting. TABLES AND CHAIRS SEATING 42 persons.

OPEN PLAN. Counter, cash register - upright Coca Cola soft drinks fridge, display fridge, under counter fridge, upright fridge, upright freezer, stainless steel topped chest freezer, stainless steel extractor, 2 group coffee machine, grinder, 2 burner grill, hotplate, 2 burner hob, chip fryer, 3 microwaves, double sinke and drainer, separate wash hand basin, dishwasher.

Disabled toilet
Second customer toilet

Store rooms

Staff toilet

Turnover

WE ARE INFORMED by the owner the turnover when trading averaged £3,250 p.w. with a gross profit of 65% approx.

Trading Hours

When trading
5 Day week
MONDAY - FRIDAY 7am - 2pm
In our opinion there is scope for additional opening hours

Outside

Bin storage area

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from te council, granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £13,300 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote