Coffee shop and Patisserie in South London For Sale

Situated in a Parade, excellent main road trading position, wealthy residential and commercial area, close to stations and hotels, SW LONDON.

Turnover £ 5,000
Price £150,000

Features

Old Establlished Patisserie and Coffee Shop

4 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 15.

DOUBLE FRONTED PREMISES in the region of 1,275 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot and LED lighting,, cool display counter with refrigerated storage section, cash register, Tables and chairs providing seating for 35 People, CCTV system (13 cameras, 1 monitor).

Basement in the region of 640 ft²

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), 2 x microwave, deep fryer (2 pan), hot plate, 3 x freezer, 5 fridge, dishwasher, glass washer.

Toilet with w.c. and wash hand basin.

Stock room.

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (including £ 400 online sales)

Staff

The business is at present operated by the Husband & Wife team with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 6am - 6pm
SUNDAY 8am - 6pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £28,200 p.a.

Business Rates from April 2024 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote