Cafe Restaurant with Off Licence in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, opposite Train Station and Bus Station, SW LONDON

Turnover £ 5,000
Price £139,500

Features

Café Snack Bar with Full On Licence

6 DAYS OPENING
5 STAR HYGIENE RATING
FORCOURT WITH SEATING for 3 PEOPLE
NEWLY REFITTED IN 2023

SINGLE FRONTED PREMISES in the region of 800 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with spot lights, cool display counter with refrigerated storage section, EPOS till, Tables and chairs providing seating for 11 People.

Kitchen with stainless steel extractor unit, cooker, 2 x microwave, grill, fridges, freezers, double sink and drainer.

Toilet with w.c. and wash hand basin.

Basement in the region of 380 ft², used for storage purposes with fridge & freezers.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 1 full time & 1 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 7am - 6pm

Outside

Small Court Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £14,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1990, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £139,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 69,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote