Coffee Shop in West London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, West London

Turnover £ 3,200
Price £40,000

Features

Coffee Shop

FORECOURT WITH SEAING FOR 8 PEOPLE

DOUBLE FRONTED PREMISES in the region of 340 ft² WITH SHUTTERS & ELECTRIC CANOPY, cool display counter with refrigerated storage section, EPOS till, 3 fridge, 2 freezer. Tables and chairs providing seating for 10 People, Coffee Machine (3 Group), 2 coffee grinders.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,200 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor part time with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 2pm
SUNDAY 8am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a 2 SECURE RENEWABLE lease (private landlord) granted for 10 years in 2019 with reviews every 3 and a half years (next review 2025) at a current rent of £19,920 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote