Profitable Cafe for Sale in Kingston Upon Thames (Surbiton)

Cafe for Sale in Kingston, serving breakfast & lunch. Lease: 6 years, Rent: £40,000/year & Asking Price: £109,995.

Restaurant Property Sellers presents this spacious and well maintained Cafe for Sale in Surbiton, Kingston serving breakfast & lunch. It comes with a basement used for office and storage and also has a rear garden which can accommodate up to 40 covers.

LEASE DETAILS

• Lease: 6 years remaining
• Rent: 40,000/year
• Rent Review Term: 5 yrs
• Next Rent Review: September 2019
• Total Area: Circa 1173 sq ft.
• Basement Area: Circa 301 sq ft.
• Rate: 8,000/year
• Planning: Cafe & A3 with premises license
• Sales Revenue: £338,000/year
• Net Profit: £55,000 to £60,000/year (Inc. tips & 10% service charge)
• Premium: £109,950 plus SAV

THE LOCATION & BUSINESS

Established over 20 years, this Cafe is extremely popular among locals. Located on the Victoria Road, this well maintained Cafe attracts high footfall during morning & day time alike making it an ideal for cafe business. The immediate area is a mixture of local businesses, offices, banks and other high street brands like Poundland, M&S etc.

THE PREMISES

With total area of 1173 sq ft (inc. basement), this well maintained Cafe for Sale in Kingston has three major sections. The premises has 5 Star Hygiene Rating from the local council.

TRADING HOURS & PLANNING

Mon-Fri: 8am till 4:00pm

Sat-Sun: 8:30am till 4:00pm

Cafe & A3 Planning with premises license

FINANCE & STAFF

We have been informed a yearly turnover of circa £338,000 with a net profit of circa £55,000/year (inc.tips and 10% service charge). It is currently operated by 4 full time staffs with an owner and 2 other part time staffs.

VIEWINGS

Strictly through Restaurant Property Sellers only. Staffs are not aware, hence no approach must be made at any circumstances. Discreet customer visit is highly advised and then afterwards, further arrangement will be made.

DISCLAIMER

The above information are provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.