Coffee Shop in East London for Sale

Coffee Shop in East London For Sale

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Address

East London
United Kingdom

Key Business Information

Latest FY Turnover
£4,000 per week
Number of Staff
Owner 4 days per week, plus 2 full time & 2 part time staff

Premises Overview

Property
Leasehold
Rent
£21,500
Area
980 sq. ft.
Alcohol Licence
Licensed
Next Rent Review
2.5 years
Lease Expires
12.5 years
Business Rates
£8,000 p.a. approx

Key Coffee Equipment

Espresso Machine

Sale

Asking Price
£125,000 plus stock at valuation
Opportunities
Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount.

Contact

Company
Nationwide Businesses

SPACIOUS SINGLE FRONTED PREMISES in the region of 980 sq. ft. area. Woodstrip floor, ceiling with hanging lighting. Tables & chairs providing seating for 32. Counter, 2 group coffee machine, coffee grinder plus an additional small coffee grinder, 1 3-door glass fronted counter fridge.

OPEN PLAN KITCHEN AREA with non-slip floor, stainless steel extractor, stainless steel cladding to walls of cooking area, electric grill, Rational fan assisted oven, 4-burner induction cooker, small deep fryer, gravity feed slicer, 3-door stainless steel counter fridge, 2 stainless steel upright fridges, 2 counter deep freezers, upright glass fronted double door fridge, single sink & drainer etc.

WE ARE INFORMED the turnover averages £4,000 p.w. including takeaway. In addition there are some deliveries via Uber Eats.

At present operated by a lady vendor (4 days per week) with the assistance of 2 full time & 2 part time staff. It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

We understand the premises are held on a secure renewable lease, the present lease having approximately 12½ years unexpired at a rental of £21,500 p.a. exclusive of rates for the next 2½ years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £8,000 p.a. approx,

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