Licensed Cafe in Sydenham For Sale

Situated in a Parade, main road trading position, residential, office and commercial area, SE LONDON SYDENHAM

Turnover £ 1,750
Price £49,950

Features

Licensed Café

Outside seating 16 persons.

5 DAYS OPENING

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES with SHUTTERS. CCTV (4 cameras). Industrial non slip lino floor, spotlight and tube lighting. Sales counter, cash register, soft drinks fridge, 2 group coffee machine on lease, display fridge.

SEPARAT KITCHEN. Stainless steel extractor, griddle, double basket deep fryer, microwave, 4-pot ban marie, panini press, 6 slot toaster, dishwasher, large fridge, fridge/freezer, chest freezer, 3 stainless steel preparation tables, double sink and drainer

Unisex cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,750/ £2,000 p.w with a gross profit of 65% approx.

Staff

The business is at present operated by a husband & wife team with the assistance of 2 part time staff. We are informed the wage bill averages £600 p.w. approx.

Trading Hours

5 Day week
MONDAY - FRIDAY 7 a.m - 3 p.m

Outside

Garden with seating for 30 persons

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2007 with reviews every 4 years (next review 2027) at a current rent of £15,900 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote