| (REF: R1719) Attractive Café/Sandwich Bar |
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| Seller Reference: |
R1719 |
| B4S Reference: |
21555 |
| Asking Price: |
£75,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£93,600 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Central London, London, United Kingdom |
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Nationwide are pleased to offer to the market : This old established Café/Sandwich Bar has been in the same hands for the past 16 years and there are genuine reasons for sale. The food at present is Greek style including sandwiches, salads, kebabs etc.
To the front of the Café/Sandwich Bar is an attractive large area with space for tables and chairs for approximately 34 persons. This area is not included in the lease, however, we understand has established users rights and at present no rent is payable.
Adjacent to the Café/Sandwich Bar is a Hall used for meetings, functions etc and provides a source of further revenue for teas, coffees and sandwiches.
ATTRACTIVE SINGLE FRONTED CAFÉ/SANDWICH BAR with double door (can be prominently open front - weather permitting). Laminated strip floor, high ceiling with inset lighting plus spotlighting. Tables and chairs plus bench seating providing seating for 24 persons. Long counter with tiled front and top with hot display cabinet, cool display serveover section, electric cash register, Merrychef, soup kettle, panini toaster, 2 group coffee machine, 2 toasters, sink plus wash basin.
Stairs to basement providing kitchen area with industrial non-slip floor. The equipment includes 4-burner gas cooker, charcoal grill, microwave, extractor unit, chest deep freeze, 2 fridges, 1 small deep freeze, stainless steel table, electric oven, gravity slicer, dishwasher, double sink and drainer etc.
Staff cloakroom with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £1,800 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.
The vendors own the freehold and subject to satisfactory references are prepared to grant a new 12 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £3,500 p.a. approx.
THIS OLD ESTABLISHED CAFÉ/SANDWICH BAR HAS BEEN IN THE SAME HANDS FOR THE PAST 16 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Situated in a parade, sought after trading position, office area, LONDON, WC |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Friday inclusive - 8 a.m. - 4 p.m.
CLOSED SATURDAY & SUNDAY
In addition the business is closed for 2 weeks in the month of August and 2 further weeks in the Christmas period. |
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At present operated by the vendor with the assistance of his wife on a part time basis plus 2 full time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. |
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