Renowned Café in South London For Sale

Situated in a parade, main road trading position, Underground Station is situated nearby, SW LONDON

Turnover £ 6,000
Price £140,000

Features

Renowned Licensed Café / Restaurant


5 star hygiene rating.

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS, Solid floor, assorted pendant and spot lights.

Tables and chairs seating 32 people.

Sales and bar counter, electric cash register, Group Coffee machine, Grinder, under counter fridges, full height fridge, wash hand basin.

Open Plan Kitchen - Stainless steel extractor, 6 burner hob, oven, grill, blender, fridges, under counter freezer, dish washer, double sink and drainer, stainless steel preparation table, ice cream maker, waffle machine, etc,

Cloakroom with toilet and wash hand basin.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. Sales year ending 2023 showed sales of £299,000 inclusive of VAT

Staff

The business is at present operated by a manager with the assistance of 10 / 12 part time staff on zero hours contracts.

We are informed the wage bill averages £2,000 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 4pm
Scope to extend with evening opening

Outside

Rear enclosed yard with tables & chairs for 20 persons, planters and barbeque equipment.

Shed with freezer, used for storage of perishable and non-perishable stock.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a secure renaeable lease granted in January 2015 by a private landlord for a period of 10 years. The current rent is £21,000 p.a. with no further reviews.

Uniform Business Rates 2024 / 2025 : £363 p.a. approx. after small business relief.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND OFFERED FOR SALE DUE TO THE VENDOR'S OTHER BUSINESS COMMITMENTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote