Coffee Shop in South London For Sale

End of terrace property, excellent trading position, residential, office and commercial area, SW LONDON.

Turnover £ 3,000
Price 325,000

Features

Long Leasehold Coffee Shop (closed)

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 800 ft² plus basement WITH ELECTRIC SHUTTERS, laminated strip floor, sales counter, 2 glass display fridges, Coffee Machine (2 Group) on lease, coffee grinder on lease, Tables and chairs providing seating for 25 People.

Toilet with w.c. and wash hand basin.

Basement.

Kitchen stainless steel extractor unit, induction cooker, microwave, slicer.
Stock room with fridge, freezer.

Turnover

WE ARE INFORMED by the owner the turnover when trading was £3,000 p.w. with a Gross profit of 65% approx.

Tenure

LONG LEASEHOLD 999 year peppercorn rent.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

THE VALUABLE LONG LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £325,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 227,500 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote