Highly Profitable A3 Cafe | | Southwark London | | • ADVISED AVERAGE GROSS WEEKLY SALES £2,000, GP 70% • TRADITIONAL FAMILY BUSINESS ESTABLISHED 30 YEARS– 29 COVERS • LOCATED CLOSE TO UNIVERSITY, STUDENT HALL AND OFFICES • ALL EQUIPMENT OWNED OUTRIGHT AND INCLUDED IN SALE • SITUATED CLOSE TO EXCELLENT TRANSPORT LINKS • TRADING FIVE DAYS A WEEK | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 58557
ADVERT IMPRESSIONS : 7,508 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £55,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The business is situated in a prime position on Borough High Street (A3) and is equidistant to Borough market and the Elephant and Castle Shopping Centre. Borough Underground Station (Northern Line) is within walking distance from the unit as well as good bus links.
DESCRIPTION
The unit is a lock-up ground floor shop and comprises a preparation area and seating at the rear with 25 covers with a further 4 external covers. The storage area, WC, and washroom are located in a separate building at the rear as well as rear access.
THE BUSINESS
The business was established in 1980 as a family business and has been trading as a café for the last 30 years. The unit operates under the A3 user class and is currently trading 5 days per week under management. The cafe is ideally situated on the ground floor of an office block, walking distance from the South Bank University and Student Accommodation as well as a large residential catchment area. Takeaway and eat in options are available. Customers can choose from a wide breakfast selection, fresh sandwiches, pastas, salads, Jacket potatoes, Pizzas as well as hot and cold beverages.
The incoming owner can extend the trading days to include Saturdays as well as longer trading hours. The café would be well suited to a new or an experienced operator looking for an established business to start trading immediately. The owner is now ready to sell to concentrate solely on other business ventures.
TRADING INFORMATION
Our client has advised that the business currently generates a gross weekly turnover of £2,000 with 70% GP. Further trading information will be available after a formal viewing has been conducted.
STAFF
The business is currently operated by a manager and is assisted by 1 full time worker.
TRADING HOURS
The business currently trades:
Mon-Fri 6.30am – 4.00pm
TERMS & TENURE
We have been advised that the premises is held on a FRI lease with 6.5 years remaining on the term, with the option to renew. The annual rent passing is £12,000. Formal rent reviews are conducted every 5 years.
BUSINESS RATES
We have also been advised by our client that the business rates payable for 2010/2011 is circa £2,400. This is to be confirmed with the council.
FIXTURES AND FITTINGS
1 x 4 Burner stove with oven
2 x Display Chillers 1 x Display Fridge
3 x Microwaves (2 Stainless Steel)
1 x Dishwasher 1 x Stainless Steel Fridge
1 x Chest Freezer 1 x Coffee Machine
1 x Meat Slicer 1 x Deep Fryer
1 x Grill 1 x Panini Grill
Extractor System 2 x Coffee Machines | | | | | | FOR SALE | | | | | REFERENCE: | BMA491 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
