Well Established Cafe in South London For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, SW LONDON

Turnover £ 5,800
Price £110,000

Features

Well Established Cafe

FORECOURT WITH SEATING FOR 10 PERSONS

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 770 ft² with ELECTRIC SHUTTERS & CANOPY. Laminated strip floor, suspended ceiling with LED lighting. Menu board. Tables and chairs providing seating for 52 persons. Sales counter, EPOS till, Coca-Cola fridge

KITCHEN. Stainless steel extractor unit, grill, 2-pan deep fryer, 4-burner gas cooker, microwave, toaster, grill toaster, 2 fridges, 2 freezers, double sink and drainer.

Toilet with w.c. and wash hand basin

Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,800 p.w. with a gross profit of 65% approx. (10% ONLINE SALES)

Staff

The business is at present operated by a husband & wife team with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 6.30 a.m - 4 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2020 with reviews every 4 years (next review 2024) at a current rent of £24,000 p.a.

Business Rates from April 2023 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote