Licensed Cafe in Norbury For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON NORBURY

Turnover £ 10,000
Price £250,000

Features

Well Fitted Licensed Café

FORECOURT WITH SEATING FOR 8 PERSONS

5 STAR HYGIENE RATING

PREMISES in the region of 925 ft² with canopy. 2 Air conditioning units with hot air. Tiled floor, suspended ceiling with spot and hanging lighting. Sales counter, EPOS till. Tables and chairs providing seating for 50 persons. CCTV system (9 cameras, 1 monitor),

KITCHEN. Stainless steel extractor unit, electric cooker, 2 fryers, grill, microwave, 2 fridges, 2 freezers, glasswasher, double sink and drainer.

Toilet with w.c. and wash hand basin

Stockroom, 2 fridges, freezer

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000/ £12,000 p.w. with a gross profit of 65% approx. (£500 via online portals)

Staff

The business is at present operated by the vendor with 7 full time & 2 part time staff.

Trading Hours

Summer months 7 Day week
MONDAY - SUNDAY 8 a.m - 8 p.m

Winter months
MONDAY - SUNDAY 8 a.m - 6 p.m

Outside

Parking space for 1 car

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2016 with reviews every 4 years (next review 2024) at a current rent of £24,000 p.a.

Business Rates from April 2022 £3,650 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

OFFERS TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS in excess of £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote