Well Equipped Coffee Shop Sandwich Bar For Sale

Business description

Front area with 2 tables and 4 chairs to

SPACIOUS COFFEE SHOP/SANDWICH BAR. Tables and chairs providing seating for 20 persons. Cool display serveover counter with refrigerated storage section, 2 group coffee machine, 2 panini toasters, 3 commercial microwave ovens.

Level kitchen with non-slip floor. 5-burner gas cooker, deep fryer, 1 refrigerated stainless steel counter fridge with marble top, 4 fridges, 2 chest deep freezes, 1 upright deep freeze, 2 stainless steel tables, double sink and drainer etc.

Customer's cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £21,000 p.a. plus VAT, exclusive of rates for the next 1 year, with rent to be agreed thereafter.

Uniform Business Rates: £3,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, main road trading position, CITY OF LONDON

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £3,200/£3,600 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. (Included in the turnover is buffets to local offices). Gross profit 70% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £77,500 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - 6 a.m. - 4 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.