Immaculate Cafe Bistro in South London For Sale

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

Turnover £ 1,800
Price £79,500

Features

Immaculate Café / Bistro

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 450 ft², Ceramic tiled floor, plasterboard ceiling with pendant lighting.

Tab;es seating 30 people.

Sales counter - Touch screen cash register, card machine, coffee machine (on lease), cake display fridge, hand wash basin.


Rear Kitchen - Stainless steel extractor on wall cladding, 6 burner hob, 3 head wok burner, single basket deep fat fryer, grill, 2 microwaves, bain marie, turbo fan oven, toaster, water boiler, grinder, double door fridge, single door freezer, under counter fridge, twin sinks, dishwasher, stainless steel preparation tables, etc,

Rear Store - Stainless steel shelving, frige, 2 stainless steel preparatrion tables

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,800 p.w. with a Gross profit of 7% approx.

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

6 Day week
MONDAY - THURSDAY 9 a.m. - 3 p.m.
FRIDAY & SATURDAY 9 a.m. - 3 p.m. 5.30 p.m. - 9 p.m.
CLOSED SUNDAY

Ther is poteantial and local demand for longer opening hours.

Outside

Paved to rear with additional customer seating.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 12 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £16,500 p.a.

Business Rates from April 2024 £700 approx. After small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023 & OFFERED FOR SALE DUE TO THE VENDOR MOVING OVERSEAS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote