Licensed Cafe Restaurant in South London For Sale

Situated in a parade, main road trading position, densely populated urban, diverse, and vibrant area, great transport links, schools nearby, SE LONDON

Turnover £ 4,000
Price £140,000

Features

Fully Licensed Cafe Restaurant

COVERED DECKING WITH SEATING FOR up to 25 PEOPLE
Full licensed with 00.30 Licence on Friday and Saturday's.
EASY HOURS

DOUBLE FRONTED PREMISES in the region of 685 ft² WITH CANOPY, wood strip floor, hanging lights, cool display counter with refrigerated storage section, cash register, Coffee Machine (2 Group) (ON LOAN), open cool display unit (1.5 metres) Tables and chairs providing seating for 35 People, CCTV system (5 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Cooker (Gas 4-burner), griddle, 2 microwave, painini machine, deep fryer (2 pan), 4 fridge, 3 freezer.

Toilet with w.c. and wash hand basin..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 - £4,500 p.w. with a Gross profit of 65% approx. - NO DELIVERIES

Staff

The business is at present operated by the Husband & Wife team with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8.30am - 4.30pm
SUNDAY 7am - 1pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £30,000 p.a.

Business Rates from April 2025 £6,360 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote