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Reference R8666

Cafe in Central London For Sale

Cafe in Central London For Sale
Cafe in Central London For Sale Buy a Cafe in Central London For Sale Sell a Cafe in Central London For Sale Cafe in Central London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, densely populated commercial & residential area, LONDON, EC

Turnover £ 3,800
Price £60,000

Features

Fully Equipped Café (we Understand The Premises Have A1 Use) Recently Reduced To £55,000 Plus Stock At Valuation For Early Sale

Space for 2 tables & 4 chairs outside the Café

DOUBLE FONTED CAFÉ with woodstrip floor, suspended ceiling with concealed lighting. Tables & chairs providing seating for 22 persons. Salad cool display counter, bain marie, soup kettle, electric oven, domestic microwave oven, 1 2-door stainless steel counter fridge, 1 3-door stainless steel counter fridge, upright stainless steel fridge, double sin & drainer etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £3,800 p.w. from the seating area plus takeaway, in our opinion there is terrific potential to introduce deliveries if desired plus additional opening hours, if desired.

Staff

At present operated by a lady vendor with the assistance of 2 full time plus 1 part time staff.

Trading Hours

Monday - Friday inclusive only 11.30 a.m. - 4 p.m. each day
THE BUSINESS IS CLOSED ON SATURDAY & SUNDAY
In our opinion there is scope for additional opening hours, especially at weekends & with evening opening, if desired.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £36,750 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £8,700 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6½ YEARS

RECOMMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus s.a.v. subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (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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