Child Friendly Licensed Cafe in East London For Sale

Situated in railway arches, adjacent to busy road, residential area EAST LONDON

Turnover £ 3,500
Price £75,000

Features

Child Friendly Licensed Café / Children's Party Venue

FRONT FORECOURT WITH ARTIFICAL GRASS, in the region of 425 ft², WITH SEATING FOR 16 PEOPLE

5 STAR HYGIENE RATING

DOUBLE DOORED PREMISES, in the region of 800 ft², WITH ELECTRIC SHUTTERS, Concrete floor, feature pendant lights, sales counter, 2 group coffee machine, grinder, knock out drawer, drinks display fridge (glass fronted), Tablet cash register, wash hand basin.

Tables and chairs providing seating for 16 people plus sofa area, CCTV system (2 cameras).

Fully equipped with speciality child activity areas, role play, quiet zone, toys, sand pit, paddling pool, etc.

Open plan kitchen area with electric hob, slow cookers, grill, small oven, blender, food prcessor, toaster, 3 under counter fridges, chest freezer, double sink and drainer, dishwasher, stainless steel preparation table, etc.

Cusatomer / Staff / Wheelchair accessible toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx. (including private functions)

Staff

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

Trading Hours

MONDAY - THURSDAY 9 a.m. - 2 p.m.
FRIDAY 9 a.m. - 7 p.m.
SATURDAY 9 a.m. - 1 p.m.

SATURDAY AFTERNOON & SUNDAYS - Venue available for private hire.

Outside

Rear storage area.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (Rail Track) granted for 6 years in 2022 with reviews every 3 years (next review 2028) at a current rent of £19,210 p.a. plus V.A.T.

Business Rates from April 2025 £1,080 approx. (after small business relief) (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote