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Advert Ref: C995

Leasehold Cafe In London For Sale

  • London, London
Asking price:
£100,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

PRIME LOCATION
SAME HANDS 25 YEARS
48 COVERS
HUGE POTENTIAL
TURNOVER £4,500 PWK

LOCATION
These well appointed premises occupy a coveted trading position being just off a busy main road in Bethnal Green, serving a densely populated residential area.

BUSINESS
This is a well established concern which has been in the present hands for some 25 years and which is now only being marketed as a result of the Vendors wish to retire. Tremendous potential exists for longer hours and the introduction of evening trade.

TURNOVER
£4,500 PWK @ 60% GP.

STAFF
Husband and Wife plus 2 full timers, 2 part timers WAGES - £1300 PWK

HOURS
6.00am to 6.00pm - Mon to Sat (Closed Sun)

PREMISES
Seating for 12 to front. Double fronted premises with single entrance to: Cafe Area: Recently refurbished throughout. Tasteful decor and furnished to accommodate 48 covers. Refrigerated serve over counter, till, 2 group espresso machine, boiler, 2 fridges, Open Plan Kitchen: Full extractor canopy, 4 burner range, double fryer, 2 microwave ovens, griddle, bain marie. Wash Up area: st/stl sink, dishwasher. Store Area: 2 upright chillers, 2 chest freezers, st/stl prep surfaces. Staff W.C and W/basin.

TENURE
17 years remaining on current lease RENT - £17,000 PA (5 year reviews)

EPC RATING
TBA

BUSINESS RATES
£680 P.A. Payable

Property:
Leasehold

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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