Long Established Cafe in East London For Sale

Situated in a Parade, excellent trading position, residential area, EAST LONDON

Turnover £ 5,000
Price £130,000

Features

Long Established Takeaway Café (e Class)

5 STARE HYGIENE RATING

SINGLE FRONTED PREMISES, in the region of 400 ft², WITH ELECTRIC SHUTTERS, CCTV, Laminate flooring, plasterboard ceiling with wall and pendant lighting.

Customer waiting area with seating for 7 people.

Sales counter - Electric cash register, serve over chiller, soft drinks fridge, La Marzocco 2 group coffee machine , grinder, knock out drawer, smoothie maker.

Oven (electric), cooker, toaster, paini press, microwave, juicer, 2 chest freezers, 2 fridges, topping fridge (4 doors), single sink and drainer, wash hand basin, dishwasher, stainless steel prepartion tables, etc.

Stairs to BASEMENT in the region of 475 ft², used for storage.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. - £6,000 p.w. With a Gross profit of 65% approx.

Staff

The business is at present operated by a husband and wife team with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 7.30 am - 5.30 pm

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 2022 with reviews every 4 years (next review 2026) at a current rent of £18,000 p.a.

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

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 65,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote