Busy Cafe in South London For Sale

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

Turnover £ 3,500
Price £120,000

Features

Busy well Fitted Cafe

DOUBLE FRONTED PREMISES in the region of 1,000 ft² with ELECTRIC SHUTTERS and canopy. Tiled floor, suspended ceiling with concealed lighting. Tables and chairs providing seating for 70 persons. Sales counter, illuminated menu board, cash register, Coca-Cola fridge. CCTV system.

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, 6-burner gas cooker, 3 freezers, fridge, under-counter fridge, preparation table, 3 group coffee machine, sink, dishwasher, 2 microwaves, etc.

Ladies' & gentlemen's 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.

Staff

The business is at present operated by 2 partners with 2 full time and part time staff as required.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 4pm
SUNDAY 8am - 4pm

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 2019 with reviews every 4 years (next review 2023) at a current rent of £18,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote