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Reference R8793

Coffee Shop & Sandwich Bar in Kensington For Sale

Coffee Shop & Sandwich Bar in Kensington For Sale
Buy a Coffee Shop & Sandwich Bar in Kensington For Sale Sell a Coffee Shop & Sandwich Bar in Kensington For Sale Coffee Shop & Sandwich Bar in Kensington For Sale for Sale Coffee Shop & Sandwich Bar in Kensington For Sale for Sale

Register to see map and to make an appointment Situated end of parade, excellent main road trading position, sought after residential & commercial/office area with school nearby & close to a police station, WEST LONDON KENSINGTON

Turnover 4,000
Price 85,000

Features

Well Fitted & Profitable Coffee Shop / Sandwich Bar - A1 Use (light Catering Including Continental Breakfast, Sandwiches, Pastires, Salads, Teas & Coffees)

Sales year ending 31st October, 2018 showed 185,695 with a gross profit of 74.2%.

The business has been in the same hands for the past 22 years & there are genuine reasons for sale.

This ATTRACTIVE COFFEE SHOP/SANDWICH BAR has A1 use. Occupying a corner position. Space in front and side for 3 tables & 6 chairs. Current licence fee payable 600 p.a.

ATTRACTIVE COFFEE SHOP/SANDWICH BAR with 3 sunblinds, parquet woodstrip floor.Air conditioning/heating unit. Tables, chairs plus upholstered bench seating for 24 persons. Fully equipped including upright glass fronted drinks fridge, 2 cool display serveover counters, electronic cash register, 2 group coffee machine, coffee grinder, domestic microwave oven, soup kettle, dishwasher, ice maker (for crushed ice), double panini toaster, smoothie blender, hotwater boiler.

REAR KITCHEN with 2 electric fan assisted ovens, dishwasher, 2-door glass fronted counter fridge, slicer, 3 stainless steel upright fridges, double sink & drainer, large Kenwood mixer, sealing machine etc.

Customers' cloakroom with w.c. & wash hand basin plus electric dryer

The business has the advantage of having rear access for deliveries.

Turnover

WE ARE INFORMED the turnover averages 4,000 p.w. inclusive of VAT including seating area plus takeaway, in our opinion there is terrific potential to develop deliveries, if desired. We are further advised that the sales year ending 31st October, 2018 showed 185,695 with a gross profit of 74.2%.

Staff

At present operated by a husband & wife team with the assistance of 2 full time plus 1 part time staff.

Trading Hours

7 a.m. - 5 p.m. seven days per week
The present owners close for 1 weeks holiday in the summer months with an additional week over the Christmas period.

Tenure

We understand the premises are held on a secure renewable lease for a period of 15 years from the 23rd June, 2017 at a rental of 30,000 p.a. exclusive of rates up to June, 2022 with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 7,000 p.a. approx.

THIS QUALITY COFFEE SHOP/SANDWICH BAR HAS BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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