« Search more Cafes for sale in Central London
Reference R6818

Cafe Restaurant in Central London For Sale

Cafe Restaurant in Central London For Sale
Cafe Restaurant in Central London For Sale Buy a Cafe Restaurant in Central London For Sale Sell a Cafe Restaurant in Central London For Sale Cafe Restaurant in Central London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, opposite a university, residential & office area EC LONDON

Turnover £ 3,500
Price £99,950

Features

Attractive well Equipped Café / Sandwich Bar (we Understand The Premises Have A3 Use)

Wide pavement. We understand the vendor is able to have 8 tables & chairs for 16 persons in the front area (can be increased). We further understand that a Licence Fee of £500 p.a. is payable to the local authority.

Impressive and spacious CAFÉ/SANDWICH BAR in the region of 480 sq. ft. with quality tiled floor. Tables & chairs providing seating for 20 persons. Cool display serveover counter, computerised till with EPOS system, large microwave oven, upright open cool display unit (for soft drinks), 2 group coffee machine, coffee grinder, work surface behind counter, 4-door stainless steel counter fridge, wash hand basin. Front area ceiling with inset spotlighting, 6 hanging lights over counter area. Rear section with 4 tracks with spotlighting.

REAR LEVEL KITCHEN with tiled floor, extractor unit, grill, Lincat 2-burner electric hob, electric oven, sink & drainer, dishwasher etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £3,500 p.w. including takeaway, in our opinion there is potential to introduce deliveries, if desired. We are further advised that the gross profit is in excess of 75%.

Staff

At present operated by the vendor & wife with the assistance of 3 part time staff.

Trading Hours

Operated 5 days per week
Monday - Friday inclusive - 7 a.m. - 4 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY
It will be appreciated upon inspection there is potential for additional opening hours if desired.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £17,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £3,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 49,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

« Search more Cafes for sale in Central London

Buy a Cafe Restaurant in Central London For Sale on NationwideBusinesses.co.uk