Coffee and Bubble Tea Shop in East London For Sale

Situated in a parade, main road trading position, EAST LONDON

Turnover £ 1,200
Price £47,000

Features

Newly Fitted Coffee & Bubble Tea

6 DAYS OPENING
FORECOURT WITH SEATING FOR 10 PEOPLE
LARGE FREE CAR PARK TO REAR
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lights, cool display counter with refrigerated storage section, EPOS till, new coffee machine, grinder, 4 fridges, Gelato ice cream fridge, food display unit, Panini toaster, waffle machine, toaster, ice machine, blender, Gelato Panini Press. Tables and chairs providing seating for 10 People (can be expanded)

Toilet with w.c. and wash hand basin.

Mezzanine floor with office and storage

Staff Toilet with w.c.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,200 p.w. with a Gross profit of 65% approx. (50% VIA PORTALS)

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

6 Day week
MONDAY & WEDNESDAY - SUNDAY 9am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £47,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 23,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote