Retails Bakery and Patisserie in South London For Sale

Situated in a parade, excellent main road trading position, wealthy residential area, SOUTH WEST LONDON.

Turnover £ 3,000
Price £75,000

Features

Retail Bakery and Patisserie - Recently Refitted (2021)

6 DAYS OPENING

5 STAR HYGIENE RATING

ATTRACTIVE SINGLE FRONTED SANDWICH BAR/RETAIL BAKERY, in the region of 475 ft², CCTV, Tiled flooring, suspended ceiling with energy saving lights.

Sales counter - EPOS cash register, heated display serve over, cool display serve over, soft drinks fridge, 2 electric ovens, microwave, bread slicer, display racking, coffee machine, wash hand basin, large single door fridge, large single door freezer, 2 stainless steel preparation tables, double sink and drainer, water heater, etc.

Staff cloakroom with toilet and wash handd basin

Storage areas.

Turnover

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

Staff

The business is at present operated by the staff, 1 full time and the vendor's son on a part time basis.

Trading Hours

5 Day week
TUESDAY - SATURDAY 7 a.m. - 2 p.m.

Outside

Fire exit.

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new SECURE RENEWABLE 10 years lease with reviews every 5 years at an initial rent of £30,000 p.a. for the first 5 years.

Business Rates from April 2025 £4,000 approx. after small business relief (Please contact local authority to confirm)

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote