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Reference R9722

Well Fitted Cafe Restaurant in South London For Sale

Well Fitted Cafe Restaurant in South London For Sale
Well Fitted Cafe Restaurant in South London For Sale Buy a Well Fitted Cafe Restaurant in South London For Sale

Register to see map and to make an appointment Occupying a corner position, excellent main road trading position, situated under a large hotel in a residential, office and commercial area, SW LONDON

Turnover £ 10,000
Price £150,000

Features

Well Fitted Cafe Restaurant (full A3 Use)

FRONT AREA WITH OUTSIDE SEATING FOR 15 PERSONS

DOUBLE FRONTED PREMISES in the region of 900 ft². Tiled floor. Air conditioning with hot air. Tables and chairs providing seating for 40 persons. Cool display counter with refrigerated storage section, EPOS till, 2-deck pizza oven, bread oven, juice machine, toasters, fridge, oven, microwave oven, 3-group coffee machine etc.

Toilet with w.c. and wash hand basin.

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 (currenty £8,000 due to covid) p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 3 full time and 3 part time staff employed.

Trading Hours

7 Day week
Monday - Saturday inclusive - 7am - 8pm
Sunday opening - 7am - 7pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2013 with reviews every 5 years (next review 2023) at a current rent of £39,000 p.a. + VAT

Business Rates from April 2021 £8,000 approx. payable (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (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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