Well Established Cafe in Bermondsey For Sale

Situated in a terrace, main road trading position, residential & commercial area BERMONDSEY, LONDON, SE1

Turnover £ 7,000
Price £200,000

Features

Well Established Café

SINGLE FRONTED CAFÉ newly refurbished in February, 2015. Laminated strip floor. Tables & chairs providing seating for 38 persons. Counter, till with scanning system, 2 group coffee machine plus coffee grinder (both on rental).

LEVEL KITCHEN with tiled floor, stainless steel cladding to walls, stainless steel extractor, 4-burner gas cooker with oven, double deep fryer, 1 stainless steel fridge, 4 additional fridges, 2 upright deep freezers, 3 chest deep freezers, dishwasher, double sink & drainer etc.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 60% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 full time & 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 4:30 p.m.
Sunday opening - 8.30 a.m. - 4 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 8 years in 2023 with reviews every 4 years (next review 2027) at a current rent of £17,400 p.a.

Business Rates from April 2025 £1,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 5 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote