Old Establisted Coffee Shop in South London For Sale

Situated in a parade, busy road, residential area, close to Station and Several bus routes, Vibrant area of SE LONDON

Turnover £ 3,000
Price £65,000

Features

Old Established Coffee Shop

FORECOURT WITH SEATING FOR 14 PEOPLE

SINGLE FRONTED PREMISES in the region of 685 ft² WITH CANOPY, parquet flooring, hanging lights, , sales counter, EPOS till, Coffee Machine (2 Group), coffee grinder, under counter refrigerated display fridge, under counter drinks display fridge (glass fronted upright double-door), 2 x under counter fridge, freezer, CCTV system (3 cameras, 1 monitor)

Tables and chairs providing seating for 6 People.

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

Small Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. (NOT PORTALS)

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 3pm
SUNDAY 9am - 2pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £15,000 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 £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote