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Y. MacGregor (Nov 2017)
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Leasehold Price: £245,999 Price Reduced Annual Turnover: £208,000
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Business Description
• Price is Negotiable. Good Lease Price. Popular bistro/café with strong lunchtime trade
• Weekly takings c. £3,000 to £4,000 with limited trading hours
• Excellent location situated in a sought after area of South London
• Presented in good condition over two floors, viewing recommended

Ref;46490.Popular Moroccan style bistro/café situated in a sought after and prime South London location. Popular with office workers and tourists. Within approx.150 yards of London underground train station. Advised income c. £3,000 to £4,000 per week with good profit margins. Leashold

Simply Moroccan is a bistro/cafe located in a popular South East London location close to the Borough Market, among residential and commercial developments. The business has an excellent trading position from within a multi storey property, with office space above and approx.150 yards from Borough underground train station.

The area in general is busy throughout the day with many office workers from the neighboring businesses, plus those working at the police station and immigration office almost directly opposite. There is also a vast degree of regeneration going on within the area, therefore there are many site workers who are working on the new commercial and residential developments close by.

The business was originally established by our client in 2016 and provides a well renowned take away and eat in operation with approx. 40 internal covers, arranged over the ground and basement floors. The business is presented in excellent condition due to the total refurbishment prior to the business opening. The unit has been fitted to a high standard and includes good quality fixtures and fittings throughout, along with a bespoke glass fronted chiller cabinet.

Since being established, our client has built a loyal customer base with the majority of the weekly takings coming from lunch time trade. Although the vast majority of income is generated from those taking away rather than eating in, in our opinion additional income could be generated by providing a catering service to many offices close by.

Summary. This is a superb opportunity to purchase a bistro/café in a highly sort after South London location, benefitting from a regular and loyal customer base, which is constantly growing.

An inspection is highly recommended to fully appreciate the superb location and overall business opportunity on offer. The business would ideally suit a buyer looking for a lifestyle change or an existing operator who can expand upon the reputation gained under the current ownership.
Tenure: Leasehold

Listed by: Kings Business Transfer

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KBT46490
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