A3 Riverside Park Cafe, Central London, Wc2 Premium Advert

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Status
FOR SALE
Advert ID
196595
Reference
P7591RB / RightBiz

Details

LOCATION:Situated on the Embankment overlooking The Thames. At the rear is the famous park which has the best kept gardens in London and is within a 3 minute walk to the underground station opposite the Savoy Hotel and generally occupies one of the best imposing positions in the Westminster Borough.

DESCRIPTION:This is a fully air conditioned detached building (500 sq ft internally) within the Royal Park with a large seating area outside facing the park. Option for over 250 covers outside (140 covers presently). 16 Covers inside. There are also terraces to the side and front overlooking The River Thames. Inside, is the takeaway section and a seating area for 16. There is a fully fitted kitchen with a wash up section, a small office, a side door to an undercover storage area and 1 wc. The mezzanine floor is used for storage. There is also the benefit of planning consent to extend the upper terrace to increase the seating area.

BUSINESS:In the same hands 30 years, the business is family run with 7 full time staff takes on average, £480,000 pa at 65%/70% gp. The owner proposes retire.

EQUIPMENT:Fully equipped with a Wega cappuccino machine and grinder, a Polar stainless steel 3 door preparation fridge, an 8 pot Baine Marie, a glass front counter display, a fridge, 2 Buffalo sandwich makers, a glass front display fridge, 2 Casio cash registers, 2 double bar fridges, a Polar ice cream machine, a hot tea boiler, a Lincat 4 burner cooker with oven, a Buffalo oven/grill, 2 Buffalo and 1 Lincat fryers, a Buffalo griddle, a new industrial dishwasher, 2 Samsung industrial microwave, ovens, a Ntosa stainless steel preparation fridge, a Tefcold upright fridge, a chest freezer, furniture, etc.

HOURS:8 am to 6 pm 7 days.

TENURE:Renewable 30 year lease from March 1994 with 5 yearly reviews at a current rent of £35,000 pa.

RATES:Approximately £8,500 pa payable.

VIEWINGS/
NEGOTIATIONS:Strictly through PEGASUS BUSINESS SALES on 020 7935 3939
Listing Details
Leasehold Price: £590,000
Tenure: Leasehold
Sector: Sandwich Shops, Cafes
Financials
Annual Net Profit: Available upon request
Key Features
  • Planning Consent Available
  • Price Reduced
  • Unique Business
  • Retirement Sale
  • Close to Local Amenities
  • Attractive Business
  • Established Business
  • Town Centre location
  • Fully Fitted
  • Prime Location
  • Accounts Available
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The data showed regarding this advert 'A3 Riverside Park Cafe, Central London, Wc2 - P7591RB / RightBiz' comprises as a business advertisement. RightBiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall RightBiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.