Cafe and Fast Food Restaurant in Croydon For Sale

Situated main road trading position, SURREY CROYDON

Turnover £ 1,400
Price £28,000

Features

Well Established Café - A3 Use

SINGLE FRONTED CAFÉ with tiled floor, ceiling with concealed lighting. Tables & chairs providing seating for 24 persons. Upright glass fronted drinks fridge, cool display serveover counter, with refrigerated storage section, 2 group coffee machine plus coffee grinder (both on lease to be taken over), 2 counter deep freezers.

REAR OPEN PLAN KITCHEN with tiled floor, 6-burner gas cooker with oven, double deep fryer, 2-burner gas griddle, stainless steel extractor system, 3-pot bain marie, double sink & drainer, 1 commercial microwave oven, 1 domestic microwave oven, 4-slice toaster, work surfaces etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £1,400 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the sales year ending 31st March, 2020 showed £54,429 with a gross profit of £39,753. We are further advised that the sales year ending 31st March, 2019 showed £51,807 with a gross profit of £36,818 i.e. 71%.

Staff

At present operated by the vendor with the assistance of 1 part time staff plus 1 full time waitress.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 4 p.m.
Sunday opening 7 a.m. - 3 p.m.
We understand the premises have a Licence that allows the owner to open the shop until 11 p.m. In our opinion offering terrific potential to develop a Hot Food Takeaway business in the evenings.

Accommodation

Availble as an optional extra, we are advised the Landlord has available to rent a 1 bedroom flat above the café with a further flat at the back. Should the flats be required, flat above café £700 per month. Flat to back £400 per month

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in 2023 at a rental of £10,080 p.a. exclusive of rates for the remainder of the term. We are advised by the Vendor that the Landlord, subject to satisfactory references, is prepared to grant a new 10 years lease at a rental of £10,080 p.a. exclusive of rates for the first 4 years.

Unform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOOWILL, FIXTURES & FITTINGS £28,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 14,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote