Busy Cafe in New Malden For Sale

Situated in a parade of shops, main road trading position, residential area, close to railway station, SURREY NEW MALDEN

Turnover £ 3,000
Price £83,000

Features

Well Presented Café

COVERED SEATING TO THE REAR 20 PERSONS

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES. Tiled floor, suspended ceiling with spotlights. Tables and chairs providing seating for 38 persons. Sales counter, EPOS till. coffee grinder, 2 group coffee machine. CCTV system (7 cameras, 1 monitor).

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit. Gas cooker, microwave, 4-pot bain marie, oven, large oven, 2-pan deep fryer, grill, large fridge, fridge/freezer, double sink and drainer, dishwasher

Walk-in coldroom.

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by a husband & wife team with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8 a.m - 4 p.m
SUNDAY 9 a.m - 3 p.m

Outside

Rear yard

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 from 24.06.2019 with reviews every 5 years (next review 2029) at a current rent of £16,000 p.a. In addition we understand there is a Service charge of £500 p.a. approx.

NIL Business Rates after full relief (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 VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £83,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 41,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote