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Traditional English Café In Walworth For Sale

Walworth, London, UK
Asking Price:
£100,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
£100K - £200K
Cash Flow:
£50K - £100K

Leasehold Sale

Fully Established 36 seater café, located in busy market area

Eat in and Takeaway customers

Lots of potential for growth

Can do with some TLC

Sale due to retirement

Rent:£13,000 per year
Rateable Value: 14,250, Rates paid this year: £2700 (rates relief)
9 year renewable lease
Healthy takings
Low overheads
Lots of potential for growth with some time and effort
Same owners for 22 years
Currently open 6 days a week, Uber Eats set up
South East London.

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Lease Terms:

9 year renewable lease

Rent review every 3 years, has only gone up £250 every 3 years

Leasehold Rent:

£13 per annum

Location:

Located in middle of busy market which runs 6 days a week from Tuesday to Sunday, lots of new flats and builds, new potential customers and plenty of trade from builders and workmen with more work in the area planned for the future

Premises Details:

Single story premises, 36 seater in the front of the cafe, kitchen / coffee machine at the rear, storage and toilet facilities at the very back of premises

Business Operation

Expansion Potential:

Menu updates, new food additions, healthy menu

Prices can be increased as still on the cheaper side

Open for longer hours and open on a Monday (currently closed as need day off)

More delivery options, Deliveroo and Just Eat,

Competition / Market:

Very little competition, no other cafes located nearby

Reasons for selling:

Due to retirement

Trading hours:

6.15 am - 4pm (Tuesday to Saturday)

Employees:
3
Years established:
22 years

Other Information

Support & training:

Happy to stay on and provide support / training for two months if necessary

Furniture / Fixtures value:
£20,000 - included in the asking price
Inventory / Stock value:
£500 - included in the asking price

Contact Seller

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