Traditional Café in South London For Sale

Situated in a parade, excellent main road trading position, near Sainsburys', densely populated residential and commercial area, SE LONDON

Turnover £ 4,000
Price £70,000

Features

Traditional Café with Full Catering Consent and Huge Potential

6 DAYS OPENING

5 STAR HYGIENE RATING

Outside seating for 10 customers (could be increased.)

DOUBLE FRONTED PREMISES, in the region of 1,050 ft², WITH ELECTRIC SHUTTERS, Tiled floor, suspended ceiling with tube lighting.

Tables and chairs prividing comfortable seating for 40 customers

Sales counter, electric cash register, soft drinks fridges, coffee machine (2 group), grinder, knock out drawer, under counter fridges.

Kitchen - Stainless steel extractor, painini press, griddle, 4 ring hob, double oven, microwaves, toaster, under counter fridge, chest freezer, ice cream freezer, blender, smoothy maker, double sink and drainer, stainless steel preparation table, etc.


Cloakroom with toilet and wash hand basin.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor and his brother with the assistance of 2 part time staff.

We are informed the wage bill averages £500p.w. approx.

Trading Hours

6 Day week
MONDAY - FRIDAY 7am - 3pm
SATURDAY 9am - 2pm
Occasional Sundays for local events.

Licensed for 7 days opening until 11 pm

Outside

Parking at rear for 4 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2019 with reviews every 5 years (next review December 2024) at a current rent of £13,600 p.a.

Business Rates from April 2024 £600 approx. after small business relief (Please contact local authority to confirm)

N.B. The Purchaser is to be responsible for all legal fees.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote