Crypt Licensed Cafe in Barbican For Sale

Situated in a Church, prominent trading position, residential, office and commercial area, CENTRAL LONDON. BARBICAN

Turnover £ 6,000
Price £75,000

Features

Church Crypt Licensed Café

OUTSIDE SEATING FOR 30 PERSONS

5 DAYS OPENING

5 STAR HYGIENE RATING

VAULTED CHURCH CRYPT in the region of 700 ft² serving Rustic handmade dishes for breakfast & lunch with artisan wines, stone flooring. Tables and chairs providing seating for 90 persons.

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, 6-burner gas cooker, 4-burner gas cooker, electric microwave, dishwasher, double sink and drainer, 5 fridges, 2 freezers, ice machine, drinks coolers.

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

Office
Stockroom / Storeroom
Staff room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 1 full time plus 5 part time staff as required.

Trading Hours

5 Day week
MONDAY & FRIDAY 11.30 a.m - 2.30 p.m
TUESDAY - THURSDAY 7.30 a.m - 2.30 p.m
CAN BE OPEN 7 A.M - 11 P.M

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a LICENCE from the Church with a rent of 8.5% of turnover with a minimum fee of £23,000 (2023) on a sliding scale increasing by £1,000 each year.

Business Rates from April 2022 £6,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012

Price

TO INCLUDE THE LICENCE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote