Fully Equipped Cafe in Croydon For Sale

Situated in a parade, busy road, expanding area with approximately 30 flats being built nearby & a large office building in the course of being converted into approximately 200 flats, SURREY CROYDON

Turnover £ 4,500
Price £140,000

Features

Fully Equipped Café ~ Customer Parking In Bays To Front & Vendor Parking To Rear

BAY PARKING TO FRONT

DOUBLE FRONTED CAFÉ in the region of 850 ft² with tiled floor, ceiling with concealed lighting. Tables plus upholstered bench seating providing seating for 28 persons. In addition to the rear is a conservatory with tables & chairs providing seating for an additional 20 persons. The CAFÉ is fully equipped including cool display serveover counter, hotwater boiler, 3 group coffee machine, computerised till, double door glass fronted fridge (on loan from Coca Cola), menu boards.

LEVEL KITCHEN with 4-burner gas griddle, 6-burner gas cooker with oven, double deep fryer, dishwasher, stainless steel tables, fridge, deep freezer, double sink & drainer etc.

Storage room with stainless steel fridge, 5 chest deep freezers

Customers' cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering further potential to increase in the right hands. Included in the turnover is the takeaway & delivery. We are further advised that the gross profit is in the region of 55/60%

Staff

At present operated by the vendor with the assistance of 2 full time plus 3 part time staff.

Trading Hours

7 a.m. - 3 p.m. seven days per week (11pm Licence)

Outside

Parking area to rear for up to 10 vehicles.

Tenure

We understand the premises are held on a new 24 years secure renewable lease, 5 yearly reviews at a rent of £14,000 p.a.

Uniform Business Rates: Nil payable at present (Please contact local authority to confirm)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote