Coffee Shop plus Bakery in Tooting For Sale

Situated in a parade, main road trading postion, densely populated residential & commercial area TOOTING, LONDON, SW17 near COLLIERS WOOD & WIMBLEDON

Turnover £ 1,250
Price £12,500

Features

Traditional Coffee Shop & Bakery (closed)

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 WHEN TRADING averages £1,250 p.w. with a Gross profit of 65% approx. (NO PORTALS)

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, FIXTURES & FITTINGS £12,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.