Profitable Bakery & Market Stall in South London For Sale

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

Turnover £ 12,550
Price £195,000

Features

French Wholesale and Retail Bakery Plus Market Stall

FORECOURT WITH SEATING FOR 12 PEOPLE
5 STAR HYGIENE RATING
VAN
PLUS FULLY EQUIPPTED MARKET STALL

DOUBLE FRONTED PREMISES in the region of 800 ft² WITH ELECTRIC SHUTTERS, lino floor, suspended ceiling with spot and fluorescent lighting. Tables and chairs providing seating for 10 People, 2 x cool display counter with refrigerated storage section, cash register, drinks display fridge (glass fronted upright double-door), CCTV system (7 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Oven, Dough mixer, 5 mixers, 3 freezer, 4 fridges, divider.

Staff Toilet with w.c. and wash hand basin..
Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,550 p.w. with a Gross profit of 65% approx.

Market stall £7,000 p.w.
Wholesale £1,500 p.w.
Shop sales £4,000 p.w.

Staff

The business is at present operated by the vendor with 2 full time & 8 part time staff.

Trading Hours

7 Day week Retail
MONDAY - SUNDAY 9am - 4pm

Wholesale is 10pm - 6am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SUB LEASE lease (private landlord) granted for 11 years in 2021 with reviews every 5 years (next review 2026) 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 2020, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

FOR SALE VIA SHARE TRANSFER

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote