Café in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SE LONDON.

Turnover £ 3,000
Price £50,000

Features

Café

4 STAR HYGIENE RATING.

SINGLE FRONTED PREMISES, in the region of 900 ft², WITH ELECTRIC SHUTTERS, CCTV (3 cameras), Laminate flooring, plasterboard ceiling with tube and pendant lighting.

Tables and chiars for 50 people.

Sales counter, electric cash register, coffee machine (2 group) on lease, grinder (on lease), under counter fridge.

Customer cloakroom with toilet and wash hand basin

Kitchen - Stainless steel extractor, 4 ring hob, oven, microwave, toaster, painini grill, single basket deep fat fryer, single door freezer, large single door fridge, single sink and drainer, wash hand basin, etc.

Staff cloakroom with toilet and wash hand basin.

Stairs to basement, in the region of 400 ft².

2 rooms used as staff resting area.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 9 a.m. - 7 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £32,000 p.a.

Business Rates from April 2025 £6,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024 AND OFFERED FOR SALE DUE TO THE VENDOR'S FAMILY COMMITMENTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote