Licensed Bistro & Dessert Parlour in Mortlake For Sale

Situated in a parade, excellent trading position, close to station, residential, office and commercial area, SW LONDON MORTLAKE

Turnover £ 8,000
Price £95,000

Features

Well Fitted Licensed Bistro & Gelato

6 DAYS OPENING

5* HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,040 ft² with CANOPY. Wood strip floor, ceiling with spotlights & hanging lighting. Air conditioning with hot air. BAR with 3 fridges, EPOS till. Tables and chairs providing seating for 32 persons. Ice cream display fridge, gelato section.

Toilet with w.c. and wash hand basin/baby changing station

OPEN PLAN KITCHEN. Stainless steel extractor unit. 6-burner gas cooker, griddle, 2-deck pizza oven, dough mixer, dishwasher, 2 microwaves, 6 fridges, 2 freezers, preparation tables, refrigerated making table, double sink and drainer.

Stockroom

Staff toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a gross profit of 65% approx. (40% DELIVERY)

Staff

The business is at present operated by a husband & wife team with the assistance of 4 part time staff.

Trading Hours

6 Day week
TUESDAY - SATURDAY 12 noon - 10 p.m
SUNDAY 12 noon - 8 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £23,500 p.a. + VAT

Business Rates from April 2023 £2,400 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 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