LOCATION
Occupying a prime position on the High Street (A234), between Maple Road and Croydon Road (A213) in the centre of Penge. Neighbouring occupiers include; Greggs, Tesco, Iro Sushi, Coral, Favorite Chicken & Ribs, Betfred, KFC, Superdrug, McDonalds, Poundland, Cake Box, Iceland, Domino’s, Peacocks, Costa Coffee, Card Factory, Pizza Hut, St Christopher’s, GDK, William Hill and Burger King. Penge East, Penge West and Kent House mainline railway stations, together with Beckenham Road tram stop are all within walking distance, providing services to London Victoria, Highbury & Islington, Wimbledon, Beckenham Junction, West Croydon and Orpington. There are also various buses serving the area located on the High Street.
BUSINESS
This well established concern has been in the current vendors hands for some 15 years and is only now for sale due to his retirement. Trading as a daytime cafe /restaurant specialising in traditional breakfasts and set lunch menus. Potential for evening opening, takeaway and deliveries if desired. We understand that the premises have an ‘E’ Use Class, but historically had Restaurant (A3) and Hot Food Take-Away (A5) uses.
TURNOVER
We are informed that the business takes £4,500 - £5,000 PWK @ 65% GP.
We are told that prior to Covid it was taking £6,000 PWK.
HOURS
7am - 5pm 7 days PWK
PREMISES
Mid terrace double fronted fully fitted restaurant premises currently trading as a cafe, arranged over the ground floor with a front seating area (60-70 covers), open plan kitchen, sales counter with refrigerated display, rear preparation room, store room, customer and staff WC’s, rear garden/customer seating area and one off-street car parking space.
TENURE
25 year Lease (Inside of the Landlord & Tenant Act) from April 2009, with 5 yearly Rent Reviews. RENT £22,000 PA.
EPC RATING
TBA
BUSINESS RATES
TBA
