Licensed Cafe Restaurant in East London For Sale

Situated in a parade, High Street position, busy commercial & residential area, EAST LONDON

Turnover £ 5,750
Price £90,000

Features

Licensed Café

FORECOURT WITH SEATING FOR 10/12 PEOLPE
5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,475 ft² WITH ELECTRIC SHUTTERS, wood strip floor, suspended ceiling with spot and hanging lighting, sales counter, EPOS till. Tables and chairs providing seating for 40 People, CCTV system (4 cameras)

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 4-burner), combi oven, Deep fryer, meat slicer, Dough mixer, stainless steel preparation tables.

Walkin coldroom.

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

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,750 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor with 1 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 10am - 5pm
SATURDAY & SUNDAY 9am - 5pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £30,000 p.a. + VAT

Business Rates from April 2024 £4,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote