Restaurant for sale

London, City of London, , SE18

£89,999

Property Description

Commercial information

  • Business for sale

Key features

  • Ref:B04911
  • Leasehold

Full description

Business

Hilton Smythe welcomes Cafe Restaurant Varna to the market.


Cafe Restaurant Varna has been trading since 2018 and provides a Bulgarian cuisine and benefits from having an alcohol license.


They currently operate an eat-in or takeaway service with 90% takeaway and 10% eat-in with a cover of 16 to the front area of the restaurant and 20 to the rear of the restaurant.


This busy restaurant is popular with the local residents and due to recommendations, Cafe Restaurant Varna hasn’t needed to advertise.


The current owner has fully refurbished the premises with new wiring, boiler system and flooring.


The business also comes with the added benefit of a 2-bed duplex apartment


This business is now being sold due to the owner’s family commitments and having to relocate.


Potential:


• Use online discount sites such as Groupon and Wowcher

• Delivery service

• Use delivery sites such as Deliveroo, UberEATS and Just Eat

• Hire out room for parties

• Introduce halal food

• Serve full English breakfasts


Hilton Smythe recommends early viewing to avoid disappointment.



Business
Hilton Smythe welcomes Cafe Restaurant Varna to the market.


Cafe Restaurant Varna has been trading since 2018 and provides a Bulgarian cuisine and benefits from having an alcohol license.


They currently operate an eat-in or takeaway service with 90% takeaway and 10% eat-in with a cover of 16 to the front area of the restaurant and 20 to the rear of the restaurant.


This busy restaurant is popular with the local residents and due to recommendations, Cafe Restaurant Varna hasn’t needed to advertise.


The current owner has fully refurbished the premises with new wiring, boiler system and flooring.


The business also comes with the added benefit of a 2-bed duplex apartment


This business is now being sold due to the owner’s family commitments and having to relocate.


Potential:


• Use online discount sites such as Groupon and Wowcher

• Delivery service

• Use delivery sites such as Deliveroo, UberEATS and Just Eat

• Hire out room for parties

• Introduce halal food

• Serve full English breakfasts


Hilton Smythe recommends early viewing to avoid disappointment.



Location
Cafe Restaurant Varna is located along Kingsman Parade, Woolwich, London. It is situated amongst a parade of other complementary businesses such as a newsagent, pharmacy and off license.


Woolwich is a district of south-east London, within the Royal Borough of Greenwich. The town is a river crossing point, with the Woolwich Ferry and the Woolwich foot tunnel crossing to North Woolwich in the London Docklands.


Distance from Cafe Restaurant Varna:


Woolwich Ferry: 7-minute walk

Woolwich Foot tunnel: 11-minute walk

Woolwich Dockyard Train Station: 4-minute walk



Premises
The premises is along a parade of shops within a built-up residential area, situated on the corner with clear visible signage.


As you enter the premises you are greeted with seating for 16 along with a large bain-marie counter and kitchen area.


A walkway takes you passed the customer toilets and through to the main restaurant area which has seating for 20, to the rear of the restaurant is a well-equipped kitchen and to the right of the restaurant is a doorway to a large storage area which includes a shower.


Apartment:


• 2 Double bedrooms

• Lounge

• Bathroom

• Kitchen


The current owner has advised there are 2 parking spaces which are included with the lease


Equipment:


• Domestic fridge

• Domestic freezer

• Coffee machine

• Till system

• Microwave

• Bain-Marie counter

• Air-conditioning

• CCTV

• Alarm system

• 6 burner cookers

• Double fryer

• Turbo oven

• Double stainless-steel freezer

• Single stainless-steel fridge x 2

• 70 kg mixer

• Dishwasher

• Chest freezer

• Display rotisserie

• Display drinks chiller



Tenure
We have been advised that this business is a Leasehold opportunity, with 10 years remaining from the original 12 years.


Rent £20,000 per annum

Rates £2,530 per annum



Hours
Monday - Thursday 7.00 am – 10.00 pm

Friday - Saturday 7.00 am - Midnight

Sunday Closed



Staff
The current owners run and manage the restaurant.



Financial Profile
We have been advised the business will generate a turnover of £94,800 with gross profit of £76,600 and net profit of £47,100


Assets: £40,000

SAV: £6,000




Nearest stations

  • Woolwich Dockyard (0.1 mi)
  • Woolwich Arsenal (0.6 mi)
  • King George V (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Woolwich Dockyard (0.1 mi)
  • Woolwich Arsenal (0.6 mi)
  • King George V (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference B04911. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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