- Advert ID: 655996
- (Seller ref: R8801)
Cafe For Sale
- Location:
-
- United Kingdom
- > England
- > South East
- > London
- > North London
- > North London
- Category:
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Summary
- Asking price:
- £85,000
- Sales revenue:
- £104,000
- Net profit:
- Available on request
- Employees:
- The business is at present operated by the vendor with the assistance of 2 full time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
Business description
Outstanding opportunity to acquire an old established Café/Restaurant, which has been in the same hands for the past 35 years and is now offered for sale due to the vendor's retirement.
3 windows to spacious Café/Restaurant with tiled floor, fluorescent lighting. Tables and chairs plus breakfast bar with 5 stools providing seating for 35 persons. It will be appreciated upon inspection that the seating capacity could readily be increased to accommodate in excess of 50 persons. Counter, electronic cash register, hot water boiler, upright glass fronted fridge, upright double door drinks display fridge (on loan)
Rear kitchen with sink and drainer, microwave oven, stainless steel extractor canopy, large grill, 4-pot bain marie, hot cupboard, wash hand basin etc.
Rear second kitchen with double sink and drainer, single door upright deep freeze, large manual gravity feed slicer, 6-burner gas cooker, fridge
Staff cloakroom with w.c. and wash hand basin
Property information
- Lease terms:
- We understand the premises are held on a new 10 years lease from 25th December, 2005 from London Transport Property at a rental of £10,000 p.a. for the first 5 years, with rent reviews every 5 years.
Uniform Business Rates: £3,000 p.a. approx.
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 35 YEARS AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
- Location:
- Excellent main road trading position, opposite Underground Station,, LONDON
Other information
- Expansion potential:
- WE ARE INFORMED the turnover currently averages £2,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 65% approx.
- Reasons for selling:
- To Incude The Secure Lease, Goodwill, Fixtures & Fittings £85,000 Plus Stock At Valuation Substantial Loan To An Approved Applicant
- Trading hours:
- Monday - Saturday inclusive - 6 a.m. - 4 p.m. Sunday opening - 8 a.m. - 2 p.m.
- Financing available:
- Substantial Loan To An Approved Applicant.
Contact the seller
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- United Kingdom
- > England
- > South East
- > London
- > North London
- > North London
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