Daytime Cafe Restaurant in South London For Sale

Occupying a corner position, excellent trading position, sought after residential area SOUTH EAST LONDON

Turnover £ 1,700
Price £100,000

Features

Licenced Café / Restaurant

6 DAYS OPENING
FORECOURT WITH SEATING FOR 12 PEOPLE
5 STAR HYGIENE RATING

CORNER PREMISES in the region of 1,160 ft² with wood strip floor, suspended ceiling with spot and hanging lighting, sales counter, EPOS till. Tables and chairs providing seating for 24 People (cen be expanded, CCTV system (2 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), salamander grill, hot cupboard, oven, 3 fridges, 2 freezers, double sink and drainer, stainless steel preparation tables.

Basement in the region of 300 ft², used for storage purposes with protential for Tables and chairs providing seating for 30 People

First floor in the region of 320 ft², used for storage purposes.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,600 - £1,800 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

6 Day week (Late Licence with Midnight)
TUESDAY - SATURDAY 9am - 3pm
SUNDAY 10am - 3pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, at present let on a shorthold tenancy providing a rental income of £1,500 per month (could be increased). The accommodation comprises:

2 Double Bedrooms
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £35,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote