Traditional Cafe in Walworth For Sale

Occupying a corner position, main road trading position, residential and commercial area, SE LONDON WALWORTH

Turnover £ 4,200
Price £125,000

Features

Traditional Café

6 DAYS OPENING

Outside seating for 12 persons

5 STAR HYGIENE RATING

SINGLE FRONTED GROUND FLOOR PREMISES n the region of 495 ft². Stainless steel extractor. Tiled flooring, tube lighting. Tables chairs seating 30 persons. Counter, electric cash register, soft drinks fridge, 4 chest freezers with stainless steel surfaces, 2 large fridges, grill, cooker with oven, double basket deep fat fryer, bain marie, microwave, dishwasher, single sink with drainer, wash hand basin, 2 stainless steel preparation tables.

Customer cloakroom with toilet and sink

Stairs to basement in the region of 245 ft², used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,200 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by 2 partners with 1 full time staff plus the assistance of 1 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 6 a.m - 4 p.m
SATURDAY 7 a.m - 4 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2018 with reviews every 3 years (next review 2024) at a current rent of £16,000 p.a.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote