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 £750 per month. Flat to back £650 per month

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in March 2023 at a rental of £10,080 p.a. exclusive of rates for the remainder of the term. On the basis the purchaser was to take one or both flats 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 to be agreed with.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