Coffee Shop plus Bakery in South London For Sale

Situated in a parade, main road trading postion, densely populated residential & commercial area SW LONDON.

Turnover £ 1,250
Price £40,000

Features

Traditional Coffee Shop & Bakery

5 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES WITH CANOPY, vinyl floor, hanging lights, hot display serveover counter, EPOS till. Tables and chairs providing seating for 4 People, coffee grinder, 2 x Coffee Machine (2 Group), CCTV system (1 cameras), sink, dishwasher.

Kitchen with Oven, microwave, hot plate, refrigerated making table, Panini toaster.

Toilet with w.c. and wash hand basin.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,250 p.w. with a Gross profit of 65% approx. (NO PORTALS)

Staff

The business is at present operated by the vendor's uncle

Trading Hours

5 Day week
MONDAY - FRIDAY 7am - 3pm

Outside

Rear yard for bin

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £15,600 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote