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Reference R7831

Cafe in Central London For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, LONDON, WC

Turnover £ 6,500
Price £220,000

Features

Profitable Café

We understand the Café has been in the same family since 1958

Front area with space for 7 tables & 28 chairs (Licence Fee currently payable of £1,050 p.a).

SPACIOUS CAFÉ with laminated strip floor, ceiling with inset lighting. Tables & chairs providing seating for 36 persons. Cool display serveover counter with refrigerated storage section, 2 electric cash registers, upright glass fronted drinks display fridge.

OPEN PLAN LEVEL KITCHEN with stainless steel extractor. The equipment includes Garland gas grill, 6-burner gas cooker with oven, 2 deep fryers, 2 commercial microwave ovens, 1 fridge, 1 deep freezer.

Stairs to basement preparation room with 2 commercial fridges, 2 chest deep freezers, 1 upright deep freezer

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Staffroom
2 stockrooms (not used)

Turnover

WE ARE INFORMED the turnover averages in the region of £6,500/£7,500 p.w. in our opinion offering further potential to increase, especially with additional opening hours.

Staff

At present operated by the vendor with the assistance of 5 full time plus 1 part time staff.

Trading Hours

Operated 5 days per week
Monday - Friday inclusive- 7 a.m. - 4 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY
We understand the business is also closed on all bank holidays

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 5 years unexpired at a rental of £40,000 p.a. exclusive of rates for the next 4 years with rent to be agreed thereafter.

Uniform Business Rates: £9,800 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 110,000 (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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