Well Established Cafe in Bermondsey For Sale

Situated in a terrace, main road trading position, residential & commercial area BERMONDSEY, LONDON, SE1

Turnover £ 7,000
Price £200,000

Features

Well Established Café

SINGLE FRONTED CAFÉ newly refurbished in February, 2015. Laminated strip floor. Tables & chairs providing seating for 38 persons. Counter, till with scanning system, 2 group coffee machine plus coffee grinder (both on rental).

LEVEL KITCHEN with tiled floor, stainless steel cladding to walls, stainless steel extractor, 4-burner gas cooker with oven, double deep fryer, 1 stainless steel fridge, 4 additional fridges, 2 upright deep freezers, 3 chest deep freezers, dishwasher, double sink & drainer etc.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 60% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 full time & 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 4:30 p.m.
Sunday opening - 8.30 a.m. - 4 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 8 years in 2023 with reviews every 4 years (next review 2027) at a current rent of £17,400 p.a.

Business Rates from April 2025 £1,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010 AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote