Attractive Coffee Shop in Central London For Sale

Situated in a parade, excellent trading position, not far from the British Museum, WC LONDON

Turnover £ 5,000
Price £119,950

Features

Attractive Coffee Shop (we Understand The Premises Have A1 Use)

Forecourt area with space for 5 tables and 12 chairs to

SPACIOUS SINGLE FRONTED COFFEE SHOP, marble tiled floor, marble tiled walls. Tables and chairs providing seating for 24 persons. Large cool display serveover counter, 2 commercial plus 1 domestic microwave oven, 2 group coffee machine, coffee grinder, 2 panini toasters, double sink etc.

Stairs to basement

Kitchen with electric oven, electric hob, 2 walk-in coldrooms, 2 chest deep freezes, gravity feed slicer, double sink and drainer, wash hand basin etc.

Stockroom

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 65% approx. In our opinion having potential to increase with the introduction of deliveries.

Staff

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

Trading Hours

Monday - Friday inclusive - 6 a.m. - 5 p.m.
Saturday opening - 8 a.m. - 5 p.m.
In our opinion there is scope to open 7 days per week plus evening opening.

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in March, 2023 at a rental of £44,000 p.a. exclusive of rates with rent to be agreed thereafter.

Uniform Business Rates: £10,400 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR 16 YEARS AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR VISHING TO RETIRE,

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £119,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 59,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote