Café Bistro in Plumstead For Sale

Situated in a parade, unopposed trading position, residential area, SE LONDON PLUMSTEAD

Turnover £ 5,000
Price £89,500

Features

Award Winning Licensed Café & Bistro offering Cakes, Pastries Brunch and Lunch ~ offered For Sale Due To Impending Emigration

OUTSIDE SEATING 25 PERSONS

5 DAYS OPENING

5* HYGIENE RATING

Ample customers' car parking as there are no parking restrictions in front of shop.

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with pendent lights. Air conditioning with hot air. Tables and chairs providing seating for 30 persons. Cool display counter with refrigerated storage section, EPOS till, glass fronted upright double door drinks display fridge. CCTV system (4 cameras).

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, Rational Induction cooker, small pizza oven, under-counter fridge, under-counter 3 door fridge, under-counter freezer, new sink, plumbing and 6 drawer service fridge.

Toilet with w.c. and wash hand basin

Small storeroom

Benefits from recently added storage unit currently housing large chest freezer and dry stores

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. increasing with a gross profit of 65% approx. The sales split is 85% card sales, 5% cash sales, 5% Deliveroo & Just Eat and 5% external catering. The vendor has recently listed with Deliveroo and Just Eat.

Staff

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

Trading Hours

5 Day week
FRIDAY - TUESDAY 8 a.m - 4 p.m

The vendors have recently commenced special events, ocasionally, in the evenings.

It will be appreciated upon inspection that there is terrific potential for 7 days opening plus additional opening hours.

Outside

Parking space for 1 car

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 2022 with reviews every 4 years (next review 2026) at a current rent of £16,800 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote