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Reference R9832

Superb Licensed Coffee Shop in South London For Sale

Superb Licensed Coffee Shop in South London For Sale

Register to see map and to make an appointment Sought after position, commercial & tourist area excellent trading position SE LONDON

Turnover £ 10,000
Price £195,000

Features

Attractive Superbly Fitted Licensed Coffee Shop (specialising In Smoothies, Juices, Coffees, Sandwiches & Selected Dishes)

OPENED SINCE APRIL 2020

Front area under glass roof providing outside tables & chairs for 20/25 persons. (Fee payable £6,800 plus VAT).

ATTRACTIVE COFFEE SHOP in the region of 450 ft². Wooden floor plus attractive brickwork. Tables & chairs plus benches providing seating for 20 persons.

LEVEL KITCHEN with non-slip floor, tiled walls. Well equipped including microwave oven, electric hob, fridge/freezer, dishwasher etc.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by 6 full time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 7.30am - 6pm

Tenure

We understand the premises are held on a lease for a period of 15 years from November, 2019 at a rental of £40,000 p.a. exclusive of rates for the first year increasing by £1,000 each year for the first 5 years with rent review at the 5th year & thereafter every 5 years. PLEASE NOTE THE LEASE IS OUTSIDE THE LANDLORD & TENANT ACT.

The assignment of the lease is subject to satisfactory references by the landlord & we further understand the landlord will require a rent deposit.

Uniform Business Rates: Nil payable at present

Price

TO INCLUDE THE LEASE, GOODWILLL, 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

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