Cafe Sandwich Bar in Central London For Sale

Excellent main road trading position, adjacent to a Theatre, 10 Theatres and 2 Universities close by, CITY OF LONDON

Turnover £ 2,750
Price £125,500

Features

Profitable Café / Sandwich Bar (a1 Use)

5 Day Week - Total seating seating 22 - two outside tables.

DOUBLE FRONTED PREMISES in the region of 530 ft² with wood strip floor, suspended ceiling with LED spot lights. Sales counter, till, double painini press, ice maker, crepe machine, 2 group coffee machine, coffee grinder. CCTV (3 cameras, cloud recording)

STAIRS TO BASEMENT KITCHEN area in the region of 300 ft². Lino flooring, fluorescent tube lighting. Gas hob, turbo oven, 2 freezers, 2 upright fridges, stainless steel work surfaces, double sink with drainer, separate hand wash facilities. Dry stores.

Office Area

Unisex cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 - £3,000 p.w. with a Gross Profit in the region of 65% (£250 per week via deliveries)

Staff

The business is at present operated by the vendor plus 2 full time and 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY inclusive 7.30am - 7pm

Outside

Court yard to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2018 with reviews every 5 years (next review 2023) at a current rent of £33,000 p.a. + VAT

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

Business Rates from April 2023 £2,400 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote