Sandwich Bar Cafe Borough High Street London SE1 For Sale SE1 area, London, United Kingdom Advert ref: CF502CG Business description
Established around twenty eight years ago by the current vendor, this traditional day time café has around 25 covers inside with additional seating outside as shown. The business has been trading continuously as a café since 1980 and could suit a variety of uses (subject to permissions).
The owner has built up an exceptional reputation over the years and this business offers great scope for increased opening hours and expansion of the limited delivery service. In this location there is great demand for lunchtime takeaway sandwiches and baps for the large number of office employees and passers by. In addition the café serves a wide variety of “eat in” main meals. The cafe occupies the ground floor of a 3 storey building with the upper floors utilised as offices. There is no residential accommodation above the shop which would restrict later opening hours.
Years established: 28
Employees: Owner plus 1 full time and 1 part time member of staff
Trading hours: 06.00 to 4.30pm 5 days a week
Property: Leasehold
Lease terms
We are informed that a 15 year lease was established in 2002 with the rent currently at £12,500 per year. The next rent review is in 2012.
Location
Situated in a prime, extremely busy main road position central to a very large business and residential area, in London SE1. The business benefits from both the high level of passing trade and good level of regular local customers.
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| | Financial details Asking price: £84,995
Sales revenue: < £200k
Net profit: < £100k
Furniture / Fixtures value: £10,000
Inventory / Stock value: Undisclosed |
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