Well Established Cafe in Erith For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, KENT ERITH

Turnover £ 2,000
Price £65,000

Features

Well Established Café

REAR OUTSIDE SEATING FOR 25 PERSONS

5 STAR HYGIENE RATING

DOUBLE FRONTED CORNER PREMISES in the region of 410 ft². Tiled floor, suspended ceiling with fluorescent lighting. Sales counter, cash register. Tables and chairs providing seating for 28 persons. CCTV system (4 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, 6-burner gas cooker, 3 fridges, 4 freezers, stainless steel preparation table, toaster, painini machine, 2-pan deep fryer, 4-pot bain marie, 2 group coffee machine, coffee grinder, 2 microwaves.

Stockroom

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a gross profit of 65% approx. (£200 online sales)

Staff

The business is at present operated by a lady vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m - 3.30 p.m
SUNDAY 8 a.m - 3 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2011 with reviews every 4 years (next review 2027) at a current rent of £11,400 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote