Cafe Shop in Central London For Sale

Situated in a terrace, excellent trading position, mainly office area, close to Market & Nightclubs, CITY OF LONDON

Turnover £ 3,000
Price £75,000

Features

Old Established Café Shop

24 hrs licensed, Café shop and was established since 1978.

SINGLE FRONTED PREMISES in the region of 475 ft², tiled floor, ceiling with fluorescent lighting, cool display counter with refrigerated storage section, EPOS till, Tables and chairs providing seating for 16 People.

Open plan kitchen with stainless steel extractor unit, Electric Cooker, Deep fryer, grill, 2 microwaves, 2 fridge, 2 freezer, stainless steel extractor unit.

Toilet with w.c. and wash hand basin.

Basement in the region of 270 ft², used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the Husband & Wife team with 1 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 3pm
SUNDAY 8am - 3pm

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 2020 with reviews every 4 years (next review 2028) at a current rent of £28,000 p.a.

Business Rates from April 2024 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1978, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote