Portuguese Cafe and Grocery Deli in Surrey For Sale

Situated in a parade, residential area, close to local schools, SURREY

Turnover £ 9,500
Price

Features

Portuguese Café & Deli (full A3 Licence), with Specialist Groceries (brazilian, South African and Portuguese) and Gaming Zone


DOUBLE FRONTED PREMISES, in the region of 700 ft², WITH ELECTRIC SHUTTERS. CCTV (9 cameras), tiled flooring, syspended ceiling with spot lights.

Tables and chairs seating 16 people

Sales counter, EPOS cash register, Mayor 2 group coffee machine (on lease), grinder (on lease), toaster, Buffalo Industrial Microwave oven, display fridge, Lincat double panini press, Polar 2 door display fridge, Polar 4 door counter fridge , Tefcold 2 door display fridge, 2 door coldrink fridge, etc

Kitchen area - Stainless steel extractor, Lincat Griller, Lincat 2 bin deep fat fryer, grill, Lincat convection oven, 3 door counter fridge, 2 single sinks with drainer, hand wash basin, dishwasher, etc.

Unisex cloakroom for customers with toilet and wash hand basin.

Supermarkert area to the rear with modern adjustable shelving.

Staff cloakroom with toilet and wash hand basin.

Walkin freezer, storage area.

Office.

Traditional gaming area to the rear (4 one arm bandits) - Income generated iro £500 pw.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,500p.w. GP 25%. We are advised the accounts for year ending July 2023 shows sales of £445,129, with a GP of £103,074 We are advised the accounts for year ending July 2024 shows sales of £446,779 and a Net Profit of £56 382.

Staff

The business is at present operated by the Husband & Wife team with 1 full time staff employed.

Trading Hours

MONDAY - FRIDAY 6 am - 6 pm
SATURDAY 7 am - 5 pm
SUNDAY 8 am - 4 pm

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 2017 with reviews every 5 years (next review 2027) at a current rent of £18,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £185,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.