Prestigious Cake Shop in South London For Sale

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