Business for sale

Business description

Location this business is located in central london.

Turnover we are informed the turnover averages £2,700 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 £69,500 plus stock at valuation
substantial loan to an approved applicant

Features single fronted café with tiled floor, suspended ceiling with concealed lighting, tiled walls. Fixed tables and chairs providing seating for 36 persons. Cool display serveover counter, stills hotwater boiler, electronic cash register, upright glass fronted drinks display fridge (on loan from coca cola), 1 small glass fronted display fridge (on loan), coffee machine (on rental at £40 per month).

Level kitchen with tiled floor and tiled walls. Fully equipped including stainless steel extractor unit, 6-burner gas cooker with oven, large electric grill, double deep fryer, commercial microwave oven, 1 domestic microwave oven, 9-pot bain marie, 2 stainless steel tables, 2 toasters, double door stainless steel fridge, 2 small chest deep freezes. Adjoining wash-up area with double sink and drainer etc.

Staff cloakroom with w.c. And wash hand basin

Large basement ideal for storage purposes

Staff the café is at present operated by a husband and wife team with the assistance of 1 full time staff.

Opening hours monday - friday inclusive - 6 a.m. - 3 P.m.
Saturday opening - 7 a.m. - 12 Noon
no sunday trading

Tenure we understand the premises are held on a secure renewable lease having approximately 14 years unexpired at a rental of £14,100 p.a. Exclusive of rates for the next 3½ years, with rent review at that time and thereafter every 4 years.

Uniform business rates: £950 p.a. Approx. (After small business relief)

The business has been in the same hands for the past 6 years and there are genuine reasons for sale.

Personally inspected and highly recommended

Must be seen to be fully appreciated


reference : r8511