Licensed Coffee Shop and Sports Bar in West Norwood For Sale

Situated in a parade, busy trading position, densely populated residential area, SE LONDON WEST NORWOOD

Turnover £ 4,500
Price £30,000

Features

Licensed Coffee House & Sports Bar

External seating for 8 customers

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES with double doors. Ceramic tiled floor, spotlights. 4 TV's and priojector system for live screening. BAR. Electric cash register, 2 group coffee machine, coffee grinder and knockout drawer. Under-counter 4 door fridge for beers, full height drinks fridge, ice machine, dishwasher, 3 serving pumps. Toaster, panini press, 2 microwave ovens, marble topped work surfaces, single sink with drainer, wash hand basin. CCTV (9 cameras)

Ladies cloakroom with toilet and sink

Stairs to basement

Pool table, dartboard, gaming machines, TV, sofas and stalls.

Gentlemen's cloakroom with toilet and sink.

Staff toilet with walk-in shower and sink.

Storage with 4 freezers

Turnover

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

Staff

The business is at present operated by the vendor with 3 full time staff plus the assistance of 1 part time staff. We are informed the wage bill averages £1,200 p.w. approx.

Trading Hours

7 Day week
SUNDAY - SATURDAY 7 a.m - 11 p.m with the exception of Friday & Saturday when the business closes at 12 midnight

Accommodation

We are advised above is a 4 bedroomed flat which is available to rent from the same landlord in the region of £2,000 per calendar month.

Outside

Patio garden to rear with BBQ seating 20 persons.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a RENEWABLE lease from a private landlord, granted for 10 years in 2018 with reviews every 5 years (next review 2023) at a current rent of £15,600 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 15,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote