Licenced Café and Wine Bar in South London For Sale

Situated in a parade, main road trading position, close to 2 schools, residential, office and tourist area and close to SE LONDON Also 2 markets on Saturday & Friday. Friday is an antique market and Saturday is a farm market.

Turnover £ 3,750
Price £95,000

Features

Cafe and Wine Bar (not Utilised)

FORECOURT WITH SEATING FOR 6 PEOPLE
Tables and chairs providing seating for 18 People

DOUBLE FRONTED PREMISES WITH SHUTTERS, industrial non-slip floor, hanging lights, Air conditioning with hot air, sales counter, EPOS till, extractor unit, 2 burner hop, Coffee Machine, under counter fridge, 2 freezers, dishwasher, glass washer, CCTV system (7 cameras).

Toilet with w.c. and wash hand basin.

Basement, used for storage purposes.

Preparation room with Oven, 3 x fridge, 2 x freezer, Slicer, etc.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 - £4,000 p.w. with a Gross profit of 65% approx.

It will be appreciated upon inspection that there is terrific potential to increase the sales by introducing deliveries.

Staff

The business is at present operated by the Staff with 2 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 3.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 3 years in 2024 with reviews every 3 years (next review 2027) at a current rent of £18,000 p.a.

Business Rates from April 2025 £1,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote