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Sandwich Bar, Coffee Shop in South London For Sale

Sandwich Bar, Coffee Shop in South London For Sale
Sandwich Bar, Coffee Shop in South London For Sale Buy a Sandwich Bar, Coffee Shop in South London For Sale Sell a Sandwich Bar, Coffee Shop in South London For Sale Sandwich Bar, Coffee Shop in South London For Sale for Sale Sandwich Bar, Coffee Shop in South London For Sale for Sale Sandwich Bar, Coffee Shop in South London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, over looking a park, SW LONDON

Turnover 5,000
Price 125,000

Features

Well Fitted Coffee Shop / Sandwich Bar

We understand the premises have A1 use

Front area with space for 8 tables & 22 chairs

SPACIOUS SINGLE FRONTED COFFEE SHOP/SANDWICH BAR, quality tiled floor. Tables & chairs providing seating for 30 persons. 2 cool display counters, 2 group La Marzocco coffee machine, 2 coffee grinders, 2 grills, 2 microwave ovens

KITCHEN/WASH-UP AREA with 2 sinks, dishwasher, upright deep freezer, chest deep freezer, 2 fridges etc.

Cloakroom with w.c. & wash hand basin plus baby changing facilities

Turnover

WE ARE INFORMED the turnover averages 5,000/6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. (Included in the turnover is approximately 1,000 p.w. in respect of deliveries). We are further advised that the gross profit is in the region of 70%.

Staff

The business is at present mainly staff operated. Staff employed 3 full time plus 1 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Summer months - 7 a.m. - 5.30 p.m. seven days per week

Winter months - 7 a.m. - 4.30 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of 28,000 p.a. exclusive of rates up to June, 2019 with rent to be agreed thereafter.

We understand, subject to contract that the Landlord is happy to grant a new 15 year lease at terms to be agreed.

Uniform Business Rates: 12,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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