Cafe plus Seafood Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, SW LONDON

Turnover £ 7,000
Price £230,000

Features

Well Presented Café and Fish & Seafood Restaurant

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, wood strip floor, ceiling with spot lights and hanging lights, 2 x Air conditioning with hot air, 1-pan gas counter range, chip dump, hot display, cash register, coffee grinder, Coffee Machine (3 Group). Tables and chairs providing seating for 60 People, CCTV system (10 cameras, 1 monitor).

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Basement:
Preparation room, potato chipper and peeler, Fish fridge, freezers.
Office.
Walkin coldroom.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 65% approx. (£800 ONLINE SALES)

Staff

The business is at present operated by the vendor with 5 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 10pm
SUNDAY 9am - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) at a current rent of £43,200 p.a.

We understand the Landlord subject to references would require a £20,000 rent deposit.

Business Rates from April 2024 £850 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £230,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 115,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote