Attractive Patisserie In South East London For Sale

Business description

Folding Glass Fronted Doors (can be open front - weather permitting). ATTRACTIVE PATISSERIE with woodstrip floor, suspended ceiling with concealed lighting. 8 tables with chairs providing seating for approx. 30 persons. Cool display serveover counter, 3 group coffee machine, coffee grinder.

LARGE KITCHEN with quarry tiled floor. 6-burner gas cooker, 1 gas convection oven, 3-door stainless steel counter fridge, 2 stainless steel fridges plus additional fridge, upright large deep freeze, 3 small chest deep freezes, double sink, single sink, wash hand basin.

Ladies' cloakroom with w.c. and wash hand basin plus baby changing facilities
Gentlemen'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 12 years unexpired at a rental of £20,400 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter. (As will be appreciated with the current rental income of £27,840 from the accommodation over, there is a profit rental p.a. at present).

Uniform Business Rates: £5,700 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The SPACIOUS accommodation in the form of a SELF CONTAINED FLAT over, comprises: 6 Bedrooms (4 doubles, 1 with en suite shower room with showe, w.c. and wash hand basin), 2 singles Bathroom with bath, w.c. and wash hand basin Kitchen At present the accommodation is let on shorthold tenancies and provides a rental income currently we understand of £2,320 per month.

Location:

Situated in a parade, excellent trading position, LONDON, SE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £3,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. We understand there is a Premises Licence for the sale of wines, beers and spirits and there is potential for the introduction of the sale of alcohol, subject to obtaining the necessary Personal Licence.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

8 a.m. - 8 p.m. seven days per week

Employees:

The business is at present operated by the vendor on a part time basis with the assistance of 4 full time and 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Other information

Financing available:

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