Business for sale

Business description

This business is located in central london.

Turnover we are informed the turnover averages £2,000/£2,500 p.w. In our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

Price to include the secure lease, goodwill, fixtures & fittings £110,000 plus stock at valuation
substantial loan to an approved applicant

features front area with space for 2 tables and 4 chairs to -

Electric shutters to attractive newly fitted coffee shop/sandwich bar with slate tiled floor, air conditioned. Tables and chairs plus breakfast bar with stools providing seating for approx. 25 Persons. Spot and wall lighting. The equipment includes 1 cool display serveover counter, 1 salad display bar, orange juice machine, 2 group automatic coffee machine, double coffee grinder, ice maker, dishwasher, open cool display soft drinks fridge. Cctv system with 4 cameras, 1 monitor plus recording system.

Kitchen at rear with electric convection oven, gravity slicer, deep freeze, 2 fridges, upright stainless steel deep freeze etc.

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

Stairs to large basement with office, quarry tiled floor

Large storage area with shelving

In our opinion the basement area has potential for development, subject to the necessary planning permission and in our opinion it would be necessary for a second staircase to be installed.

Staff the business is at present staff operated. Staff employed 2 full time plus 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Opening hours monday - saturday inclusive - 7.30 a.m.- 5 p.m.
Saturday opening - 9 a.m. - 3 P.m.
No sunday trading

Tenure we understand the premises are held on a secure renewable lease for a period of 15 years from november, 2005 at a rental of £16,000 p.a. Exclusive of rates for the first 5 years, with rent review at that time and thereafter after the following 5 years.

Uniform business rates: £5,300 p.a. Approx. + Water rates

Personally inspected and highly recommended

Must be seen to be fully appreciated

Reference : R7796