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Reference R8403

Café in Tooting For Sale

Café in Tooting For Sale
Buy a Café in Tooting For Sale Sell a Café in Tooting For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, Underground Station is situated nearby, SW LONDON TOOTING

Turnover £ 10,000
Price £150,000

Features

Profitable Café / Restaurant

We understand the premises have A3 use

CAFÉ/RESTAURANT, attractive brickwork to walls. Tables & bench seating providing seating for 32 persons. Counter, electronic cash register, 2 group coffee machine, coffee grinder.

OPEN PLAN KITCHEN AREA with stainless steel extractor, tiled walls, 5 fridges etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £10,000 p.w. including takeaway & delivery. We are further advised that the gross profit is in the region of 60%.

Staff

The business is mainly operated under management. Staff employed 1 full time manager, 3 full time plus 2 part time staff. In addition there are 4 part time staff employed at weekends. We understand the present owner provides some part time assistance in the operation of the business.
It will be appreciated upon inspectiion that with an active husband & wife team the wage bill could be reduced.

Trading Hours

Monday - Friday inclusive - 7 a.m. - 5 p.m.
Saturday & Sunday - 9 a.m. - 5 p.m.

Outside

Rear enclosed yard with tables & chairs for 20 persons

Tenure

We understand the premises are held on a secure renewable lease from a private landlady, the present lease having approximately 7 years unexpired at a rental of £16,500 p.a. exclusive of rates for the next 2 years with rent to be agreed thereafter.

Uniform Business Rates: £6,500 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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