Café / Restaurant in Vauxhall For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON VAUXHALL

Price £49,500

Features

Café / Restaurant

6 DAYS OPENING

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS. 625 sq. ft. Tiled flooring, suspended ceiling with concealed lighting. Tables and chairs seating 41 persons. Counter, cash register, 2 group coffee machine, coffee grinder, knock out drawer, under-counter fridges, 2 freezers, wash hand basin.

Door to KITCHEN. Stainless steel extractor. Grill, double basket deep fryer, 4- burner hob with oven, 4-pot bain marie, microwaves, toaster, 1 fridges, pizza fridge with cool surface, 3 freezers, dishwasher, double sink with drainer

Unisex cloakroom with mirror, sink and toilet

Store room

Turnover

THE VENDOR enjoys a good turn over, full details will be discussed upon inspection. In our opinion the business offers terrific potential, especially with additional opening hours or change of cuisine.

Staff

The business is at present operated by a lady vendor with the assistance of her family and 2 full time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 11 am - Midnight
SATURDAY 8am - 2.30 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2019 with reviews every 4 years (next review 2023) at a current rent of £16,500 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, OODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATON.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote