Long Established Cafe in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SE LONDON

Turnover £ 4,350
Price £120,000

Features

Long Established Café

6 DAYS OPENING

DOUBLE FRONTED PREMISES, in the region of 800 ft², WITH ELECTRIC SHUTTERS, Suspended ceiling with spotlights, Tiled floor.

Tables and chairs seating 50 people.

Sales counter. Electric cash register, display chiller, 2 soft drinks fridges, coffee machine, grinder, etc.

Kitchen - Stainless steel extractor, Grill, Double basket deep fat fryer, gas hob, oven, microwave, 2 freezers, fridge, double sink and drainer, blender, smoothie maker, wash hand basin, etc,

Cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,350 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the Husband & Wife team with family assistance as required.

Trading Hours

6 Day week

MONDAY - FRIDAY 6.30 am - 5 pm
SATURDAY 6.30 am - 4 pm

CLOSED SUNDAY

Outside

Bin store

Parking for 2 cars

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 20 years in 2014 with reviews every 5 years (next review 2029) at a current rent of £20,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote