Well Established South London Cafe For Sale

Business description

Front area with space for 4 tables and up to 16 chairs to -

SINGLE FRONTED CAFÉ, tiled floor, suspended ceiling, 2 mirrors to walls. Tables and mainly fixed chairs providing seating for up to 35 persons. Small counter.

LEVEL KITCHEN the equipment includes stainless steel extractor plus stainless steel cladding to cooking area plus tiled walls. 4-burner gas cooker, large griddle, double deep fryer, Stotts hotwater boiler, 4-pot bain marie, 2 microwave ovens, upright stainless steel fridge, 1 additional fridge, chest deep freeze plus small chest deep freeze, double sink and drainer, wash hand basin etc.

Customers 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 12 years unexpired at a rental of £12,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £900 p.a. approx. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, busy road, densely populated residential area, LONDON, S

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £39,500 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 7 a.m. - 5 p.m.
In addition we understand the business is open for approximately 2 Sundays per month from 9 a.m. - 4 p.m.

Employees:

At present operated by the vendor with the assistance of 2 full time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance