Profitable Coffee Sandwich Shop in New Cross London for Sale with Loyal Customer Base
New Cross, London
- Status
SOLD / WITHDRAWN
- Date Submitted:
04/02/22
- Advert ID
290038
- Leasehold: £149,000
- Rent: £16,000
- Turnover: £310,000 (£5,962 Per week)
- Net Profit: On request
Business Details
Profitable coffee & sandwich shop for sale
Profitable coffee shop for sale
Bussy cafe sandwich & bar
6 days a week.
Turnover 5,500/6000 week
Sundays closed
Bank holidays are closed.
Renewable lease
Rent.16.000.
The area is served by two railway stations: New Cross and New Cross Gate. There is a 24-hour bus garage less than 200 meters east of this café.
It is in good decorative order and benefits from a loyal client base from surrounding colleges. There is a 24-hour bus garage and the main post office; it also boasts low overheads and a 6-day trading week.
It is arranged as an open kitchen/service area to the front with 50 cover seating, customer toilets and a stock room with a walk-in freezer and access from the rear.
Financial details:-
- Lease: Renewable lease expiring in 2028 with five-yearly rent reviews
- Rent : £16,000 p. A. the next review is in 2026.
- Rates: Currently zero small business relief with a £12,750 rateable value.
- Trade: Takings are £5.500,,6000 weekly
- Price: £150,000 on nearest offer to include a lease, fixtures, fittings and goodwill S. A. V
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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