Coffee Shop & Restaurant in South London For Sale

Situated in a parade, excellent trading position, SE LONDON

Turnover £ 6,000
Price £150,000

Features

Licensed Coffee Shop & Columbian Restaurant

6 DAYS OPENING

5 Star Hygiene Rating

Single fronted premises, in the region of 625 ft², with tiled flooring, plasterboard ceiling with inset spot lights and pendants.

Tables and chairs seating 48 customers.

Sales Counter - Contactless till, 2 group coffee machine, grinder, knock out drawer, juicer, soft drinks fridge, wash hand basin.

Unisex cloakroom with toilet and wash hand basin.

Open plan kitchen - stainless steel extractor, grill, 3 deep fat fryers, salamander, 6 burner cooker, oven, microwave, toaster, bain marie (6 pot), chest freezer, 2 fridges, dishwasher, double sink and drainer, 2 stainless steel prepoaration tables, etc

Rear store area.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 60% approx. (approximately 35% coffee shop, 65% restaurant)

Staff

The business is at present operated by the Husband & Wife team with family assisatnce as required.

Trading Hours

Coffee shop 5 Day Week

Wednesday - Sunday 8.30 am - 3pm

Restaurant - 6 Day Week

Tuesday to Sunday 4pm - 10 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2014 with reviews every 3 years (next review 2026) at a current rent of £23,100 p.a.

Business Rates from April 2023 £600 approx. after samll business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR 7 YEARS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote