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Reference R8133

Cafe Delicatessen in Sutton For Sale

Cafe Delicatessen in Sutton For Sale
Buy a Cafe Delicatessen in Sutton For Sale

Register to see map and to make an appointment Situated in a parade, busy road, residential & office area, SURREY. SUTTON

Turnover £ 10,000
Price £215,000

Features

Well Equipped Licensed Café / Coffee Shop & Delicatessen

We understand the premises have A3 use & a Full On & Off Licence for the sale of wines, beers & spirits.

Front patio area with tables & chairs for 16 persons to -

SPACIOUS CAFÉ/COFFEE SHOP & DELICATESSEN. We understand mainly refurbished approximately 2 years ago. Tiled floor. Tables & chairs providing seating for 55 persons. Cool display serveover counter, 2 group coffee machine, coffee grinder.

Fully tiled ladies'/disabled cloakroom with w.c. & wash hand basin
Fully tiled gentlemen's cloakroom with w.c. & wash hand basin

LARGE LEVEL KITCHEN with tiled floor, tiled walls, stainless steel extractor, electric cooker, grill, deep fryer, 4 commercial microwave ovens, stainless steel preparation fridge, 4 3-door stainless steel counter fridges, 1 deep freezer etc.

Storage area (rented from the same landlord) with walk-in coldroom & walk-in deep freezer

Turnover

WE ARE INFORMED the turnover averages £10,000/£10,500 p.w. in our opinion offering further potential to increase in the right hands. We are further advised that the gross profit is in the region of 60%.

Staff

At present operated by the vendor with the assistance of his wife on a part time basis plus 5 full time in the restaurant/delicatessen area plus 3 full time in the kitchen area.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 6 p.m.
Sunday opening - 10 a.m. - 5 p.m.
(We understand the premises are Licensed to be open until 12 midnight if desired).

Accommodation

Accommodation available as an OPTIONAL EXTRA comprises a SELF CONTAINED FLAT over, available on a shorthold tenancy at a rental of £800 per month. The accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge (or 3rd bedroom)
Kitchen

Outside

Yard at rear

Tenure

We understand the ground floor is held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of £16,000 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter. The vendor also rents from the same landlord a large storage area which houses the walk-in deep freezer and walk-in coldroom and includes 1 parking space at rear. We understand the rental payable to the same landlord is £7,000 p.a).

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 14 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £215,000 plus STOCK AT VALUATION (£15,000/£20,000 including a large wine stock)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 107,500 (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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