Advert Ref: SB.11.18.55.CS

Bistro/Coffee Shop\Sandwich Bar In Cheam Surrey For Sale

  • North Cheam, Surrey
Asking price:
£55,000
Sales revenue:
£91,000
Net profit:
Undisclosed


Established in 2015, County Business Sales have pleasure in bringing to the market this Bistro/Coffee Shop/Sandwich Bar. It has been run to a highly professional standard by our client since opening and boasts an impressive 4.7/5 on 18 Google reviews. It serves a tempting array of hot drinks breakfasts, lunches cakes etc. Confidential Sale-Viewings strictly by appointment only.

Property:
Leasehold
Lease terms:
We are advised that the premises are held on a licence. The present licence has approximately eleven years unexpired at a rental of £13,000 p.a. inclusive of building insurance, exclusive of rates. The rent is fixed for the remainder of the term offering a buyer comfort and protection against worrying rent increases. In addition, the current tenant has skilfully negotiated a tenant only break clause requiring only six months’ notice. Business rates are currently zero.
Location:
Situated on a traditional parade of shops close to a busy intersection in North Cheam. A single front leads to directly to a homely and welcoming environment with down lights, tiled floor and wooden tables and chairs. It is attractively decorated with bespoke mirrors and wall pictures. The premises are currently configured for nine tables providing seating for 30 persons, with an additional three tables and nine seats outside.
Planning consent:
Full restaurant and alcohol license

Expansion potential:
This business would ideally suit a working couple. It has a great location with significant potential. The current vendor has built a beautiful business from scratch with excellent reviews in a very short period and a new owner will have a ready-made business that can grow and grow. By extending the opening times in the mornings a buyer could expect to substantially increase takings . There is also plenty of scope to introduce an evening trade, perhaps in the form of theme nights or private parties or as a wine bar. There is also the option to expand the outside catering and delivery part of the business

Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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