Cafe and Bakery for sale in Prime Location
Leyton, LondonEst. 10 years
- Status
FOR SALE
- Advert ID
658650
- Leasehold: £79,500
- Rent: £20,000 (£1,667 per month)
- Turnover: £234,000 (£4,500 per week)
- Profit: On request
Business Details
Cafe and Bakery for sale in Prime Location
PRIME LOCATION Well established business in E10 LEYTON,trading for 10 years,situated in an excellent main road trading position, close to Library,with regular customers
Turnover £ 4,500/week
Price £79,500
Features
Staff Run Coffee Shop / Sandwich Bar / Bakery
Good footfall,established business,regular customers,licenced to sell alcohol,excellent position.
Serving hot drinks and cold drinks including beer and wine,sandwiches,baguettes,paninis,croissants,english breakfast,pizza,omelette,pastries etc
6 DAYS OPENING
Tables and chairs seating 9 customers outside.
DOUBLE FRONTED PREMISES aprox.400 sq ft with front shutter, Tiled flooring, suspended ceiling with LED lighting.
Inside seating for 12-15 people with tables and chairs
Sales counter - Electric cash register,display counter,coffee machine (2 group), grinder, Buffalo oven, 2 display fridges,Buffalo hot display,wash hand basin
Kitchen - Electric hot plate, microwave, 1 undercounter fridge, 1 large chest freezer,2 small freezers,ribbed panini grill,orange juicer,milkshake/smoothie blender,double sink and drainer.
Staff cloakroom with toilet and wash hand basin.
Bakery(separately from cafe,next door)
Preparing all pastries fresh everyday like pretzels,sausage rolls,cheese tart,apple strudels and also cooking pizza and omelette
Large sink for equipment wash,stand up freezer,tall POLAR stainless steel fridge,stainless steel preparation table with large fridge underneath,2 SMEG commercial ovens,1 Middleby conveyer oven,one tall wall shelving for storage
Turnover
The turnover currently averages £4,500 p.w. with a Gross profit of 55% approx.
Staff
The business is at present operated by 2 full time staff employed.
Trading Hours
There is potential for additional opening hours.Can be open 7 days a week
6 Day week
MONDAY - SATURDAY 6 a.m. - 6 p.m.
Tenure
The premises are held on a SECURE 5 year rolling lease (private landlord) granted for 10 years in 2024 at a current rent of £20,000 p.a.
Business Rates exempt(No business rates to pay) (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016 AND OFFERED FOR SALE DUE TO THE VENDOR'S OTHER COMMITMENTS.
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500
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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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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