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Reference R8905

Cafe in Penge For Sale


Register to see map and to make an appointment Situated in a parade, excellent main road trading position, SE LONDON PENGE

Turnover £ 2,600
Price £42,000

Features

Well Established Fully Equipped Café

Front area with space for 4 tables & 12 chairs

DOUBLE FRONTED CAFÉ with tiled floor, ceiling with inset spotlighting. Tables & chairs plus breakfast bar with high chairs providing seating for 20 persons. Electric cash register, 2 group coffee machine, coffee grinder.

OPEN PLAN COOKING AREA the equipment includes panini toaster, griddle, 2 domestic microwave ovens, 4 fridges, 2 deep freezers, double sink & drainer, dishwasher, wash hand basin etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £2,600/£2,700 p.w. in our opinion offering further potential to increase in the right hands.

Staff

At present operated by the vendor with the assistance of 1 part time lady plus 1 additional Sunday part time staff.

Trading Hours

8.30 a.m. - 6 p.m. seven days per week

Outside

Small yard

Tenure

We understand the premises are held on a secure renewable lease from a private landlord, the present lease expiring in August, 2021 at a rental of £16,000 p.a. exclusive of rates. We further understand the landord, subject to satisfactory references, is prepared to grant a new lease at rent and terms to be agreed.

Uniform Business Rates: Nil payable at present after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £42,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 21,000 (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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