 | Licensed Cafe Bar with Accommodation S.E. London, London, United Kingdom Advert ref: 1051SB FINANCIAL DETAILS | Asking price: £49,950 Sales revenue: < £200k Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | Recently opened having been totally refurbished and fitted to high standards. 32 covers on ground floor with scope for up to 40. First floor function room with potential for further 20+ covers. Varied hot and cold menu and extensive range of alcoholic beverages served.
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GENERAL INFORMATION | Employees: owner plus 1 full time and 1 part time
Trading hours: 10.00 a.m. to 6.00 p.m. daily
Property: Leasehold
Lease terms
Over 14 years unexpired. Current rent
£25,000 p.a. for the business premises and accommodation
Living accomodation
Second floor owners accommodation comprising double bedroom with ensuite shower room and lounge with galley style kitchenette.
Location
High footfall area well known for good choice of restaurants, bars and pubs. Densely populated surrounding catchment area.
Expansion potential
Owners other commitments restrict opening hours
Competition / Market
Healthy competition. Wide choice attracts people to the area
Reasons for selling
Owner has other commitments and had always intended to sell following refurbishment
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The Business Partnership - South East London | | | |
