Well Established Cafe in Tooting For Sale

Excellent main road trading position, densely populated residential and commercial area, TOOTING, LONDON SW17

Turnover £ 4,000
Price £125,000

Features

Old Established Café

5 STAR HYGIENE RATING

The business currently trades as a Cafe, which could obviously be continued or in our opinion there is potential for other types of cuisine like Turkish Restaurant or Wine Bar, if desired.

DOUBLE FRONTED CORNER PREMISES in the region of 680 ft² with tiled floor, ceiling with spot lights, sales counter, cash register. Tables and chairs providing seating for 46 People

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 4-burner), grill, , 3 microwaves, dishwasher, deep fryer (2 pan), boiler, 3 fridge, 2 freezer, sink and drainer.

Staff Toilet with w.c. and wash hand basin.

Additional Toilet with w.c. and wash hand basin.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 65% approx. (5% online sales)

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 3pm
SUNDAY 10am - 2pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at used by staff. The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Large yard.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 4 years (next review 2028) at a current rent of £26,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1988, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote