Licensed Cafe in Battersea For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, close to Portobello Market, WEST LONDON BATTERSEA

Turnover £ 7,000
Price £100,000

Features

Licensed Cafe Bar (e Class)

FORECOURT WITH SEATING FOR 8 PERSONS

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 800 ft² with ELECTRIC SHUTTERS. Industrial non-slip floor, ceiling with hanging lights. Bar, EPOS till. Tables and chairs providing seating for 30 persons. Glass fronted upright double door display fridge. Baking area with extractor unit, 2-group coffee machine, coffee grinder, counter fridge, toaster, blender, 2 ovens, single deck pizza oven and other equipments. Fire alarm, fire extinguishers. CCTV system

Toilet with w.c. and wash hand basin.

BASEMENT KITCHEN in the region of 390 ft². Electric cooker, 2 microwaves, 2 heavy duty salamander grills, 2 stainless steel fridges, freezer, double sink and drainer, preparation tables.

Wash room with 2 double sinks and drainer

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 pw with a Gross profit of 65% approx.

Staff

The business is at present operated by a manager with the assistance of 3 part time staff.

Trading Hours

7 Day week MONDAY - SATURDAY 8 a.m - 5 p.m
SUNDAY 9 a.m - 4 p.m

This unit has a 10 p.m licence. Licensed hours 7 a.m. - 10 p.m.

Outside

Rear yard used for storage

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £30,000 p.a. Service charge £800 p.a. plus reasonable management fees (Annual).

Business Rates from April 2022 £4,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote