Seasonal Dessert Parlour & Coffee Shop in South London For Sale

Situated in a small parade, excellent trading position, residential, office and commercial area, SW London

Turnover £ 12,000
Price £225,000

Features

Most Attractive Ice Cream, Coffee & Dessert Bar

5 STAR HYGIENE RATING.
1st April - 30th September only

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS & CANOPY, tiled floor, suspended ceiling with LED Strip lighting, cool display counter with refrigerated storage section, 24 Ice Cream display counter with refrigerated storage section, glass display patisserie counter, EPOS till, 8 LED Menu Boards, 4 arcade machines

Breakfast bar and stools providing seating for 10 People.

Basement, used for storage purposes.

2 x Walkin Freezers

Separate Shared access to
Ladies' & gentlemen's Toilet with w.c. and wash hand basin.
Shower Room.
Kitchen / Laundry Room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. with a Gross profit of 65% approx. (NO PORTALS)

Staff

The business is at present the business is closed for the winter, however when operating the business is operated by 6 part time staff.

Trading Hours

Open 6 months a year 1st April - 30th September

7 Day week
MONDAY - SUNDAY 12 noon - 8 p.m.

There is huge potential to increase opening hours.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new lease 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £68,500 p.a. for the first 4 years.

The landlord maybe looking to redevelop the site in the future if they do then they will refund 100% of the premium for the first 4 years or 50% of the premium between year 4 and year 8 and 25% of the premium between year 8 to year 16, subject to contract.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £225,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 112,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote