Search more Cake Shops for sale in South London
Reference R9958

Prestigious Cake Shop in South London For Sale

Prestigious Cake Shop in South London For Sale
Prestigious Cake Shop in South London For Sale Buy a Prestigious Cake Shop in South London For Sale Sell a Prestigious Cake Shop in South London For Sale Prestigious Cake Shop in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, sought after SOUTH WEST LONDON

Turnover 4,000
Price 97,500

Features

Superbly Equipped Bespoke Celebration & Wedding Cakes Business

Front area with 2 tables & 4 chairs under a Licence Agreement payable

SPACIOUS DOUBLE FRONTED PREMISES 860 sq. ft. with double doors. Ceramic tiled ceiling, suspended spotlight. Tables & chairs plus window section with 3 high chairs - total seating 14.

Customers' cloakroom with w.c. & wash hand basin

LARGE LEVEL KITCHEN with woodstrip floor, spotlights. Well equipped including 2 fan assisted ovens, 1 single door deep freezer, 1 double door stainless steel fridge, 1 Buffalo induction hob, 1 Buffalo mixer, 2 Nespresso coffee machine, heavy duty Kitchen Aide mixer, single sink & drainer, dishwasher.

Storeroom
Staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 4,000 p.w. in our opinion offering tremendous potential for further development in the right hands. We are further advised that the gross profit is in the region of 65%.

Staff

The business is at present operated by a lady vendor with the assistance of 2 part time staff.

Trading Hours

Monday - Saturday inclusive - 9.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING

Outside

Parking at rear for 2 cars

Tenure

We understand the premises are held on a 10 years lease from September, 2017 at a rent of 40,000 p.a. plus VAT with reviews every 5 years (next review 2022). We undertstand there is a Break Clause in September, 2023.

Uniform Business Rates: 4,267 (2021/2022) after small business relief. (Please contact local authority to confirm)

SOLELY OFFERED FOR SALE DUE TO VENDOR WISHING TO START A FAMILY

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 97,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 48,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Cake Shops for sale in South London

Buy a Prestigious Cake Shop in South London For Sale on NationwideBusinesses.co.uk