Staff run Coffee and Sandwich Shop in East London For Sale

Situated in a Parade, excellent main road trading position, close to Library and Museum , residential, office and commercial area, EAST LONDON.

Turnover £ 4,000
Price £100,000

Features

Staff Run Coffee Shop / Sandwich Bar

5 DAYS OPENING
Tables and chairs seating 12 customers outside.

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, Tiled flooring, suspended ceiling with LED lighting.

Inside seating for 4 people.

Sales counter - Electric cash register, coffee machine (2 group) on lease, grinder on rental, Merichef oven, 4 pot bain marie, 3 display fridges, wash hand basin.

Kitchen - Electric hot plate, microwave, 1 undercounter fridge, 2 tall fridges, tall single door freezer, stainless steel preparation table, double sink and drainer.

Staff cloakroom with toilet and wash hand basin.

Staff changing room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 55% approx.

Staff

The business is at present operated by 2 full time staff employed.

Trading Hours

5 Day week
MONDAY - FRIDAY 7 a.m. - 3 p.m.

We are advised there is deamnd and potential for addiontional opening hours.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE 5 year rolling lease (private landlord) granted for 5 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £25,000 p.a.

Business Rates from April 2025 £7,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024 AND OFFERED FOR SALE DUE TO THE VENDOR'S OTHER COMMITMENTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote