Asking price: £75,000

Sales revenue: £104,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Space at side of Café/Sandwich Bar with tables and chairs for 16 persons (can be increased). This area is not included in the lease of the business.

2 Entrances to SPACIOUS CAFÉ/RESTAURANT with attractive beamed ceiling. Tables and chairs providing seating for 24 persons (can be increased). Open cool display unit (used for soft drinks), 1 double door undercounter deep freeze, 1 single door undercounter fridge, 3 group coffee machine, attractive wooden counter with cool display section plus hot display section, electronic cash register, juice machine, cool display refrigerated counter with 12 sections plus yoghurt section for soft ice cream display.

Adjoing level kitchen with tiled walls, well equipped including 6-burner gas cooker with double oven, panini toaster, gravity feed slicer, dishwasher, sink and drainer, 3-door plus 2-door stainless steel counter fridge, stainless steel racking, upright stainless steel deep freeze etc.

Ladies' & gentlemen's cloakrooms each with w.c. and wash hand basin

Employees: The business is at present staff operated. 2 full time staff employed plus part time staff at weekends. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Trading hours: 6 days per week opening 8 a.m. - 5 p.m. NO MONDAY TRADING (We understand the planning permission is restricted for the business to be closed by 8 p.m. each evening).

Property: Leasehold

Lease terms
We understand the premises are held on a secure renewable Council lease for a period of 25 years from 1996 at a rental of £16,000 p.a. exclusive of rates up to 2011, with rent review at that time and thereafter every 5 years. Uniform Business Rates: £13,500 p.a. approx. (we understand the rates are under discussion with the Council at the present time). OUTSTANDING OPPORTUNITY TO ACQUIRE A MOST ATTRACTIVE CAFÉ/SANDWICH BAR WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS. PERSONALLY INSPECTED & HIGHLY RECOMMENDED

Location
Excellent main road trading position, sought after location, adjoining large park, LONDON, SW

Expansion potential
WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for further development in the right hands. Gross profit 65% approx.

Reasons for selling
To Include The Secure Lease, Goodwill, Fixtures & Fittings £75,000 Plus Stock At Valuation Substantial Loan To An Approved Applicant

Financing available
Substantial Loan To An Approved Applicant.