Licensed Bistro Cafe in West London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, WEST LONDON

Turnover £ 6,500
Price £150,000

Features

Well Fitted Licensed Café Bistro

4 STAR HYGIENE RATING

BI-FOLD FRONTED PREMISES in the region of 680 ft² WITH ELECTRIC SHUTTERS and CANOPY, laminated strip floor, ceiling with hanging lights. Bar, EPOS till. Tables and chairs providing seating for 50 People.

Open plan kitchen area with stainless steel extractor unit, grill, 2 x Deep fryer, Gas 4-burner Cooker, freezer, 2 large fridges, drinks fridge, 3 x microwaves, salad fridge, dishwasher, double sink and drainer.

Toilet with w.c. and wash hand basin..

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

It will be appreciated upon inspection that there is terrific potential to increase the sales by introducing deliveries.

Staff

The business is at present operated by the 1 of partners with the assistance of 3 part time staff.

Trading Hours

7 Day week (Midnight Alcohol Licence)
MONDAY - SATURDAY 8am - 4.30pm
SUNDAY 8am - 4pm

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Outside

Large rear garden with Metal shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2012 with reviews every 4 years (next review 2024) at a current rent of £18,000 p.a.

Business Rates from April 2024 £500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, 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