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Restaurant/cafe for sale

£44,950

73-75 Elmers End Road, London SE20

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Property description

Business
Hilton Smythe are delighted to present to the market gt Flavazs ‘N’ Spices, established by our client in 2012 and now reluctantly offered for sale due to ill health.

This much loved business specialises in Guyanese and Caribbean food to takeaway, or have delivered including an outside catering service for special events and parties. Our client uses both the Just Eat and Hungry Horse App to help generate delivery orders and currently carries out the deliveries himself. There is endless scope to double the deliveries by employing a new delivery driver and increasing the time deliveries are available.

Then menu offered is considered one of the finest in South East London and includes –

Breakfasts - corn meal porridge, porridge with fruit, bake and salt, fish, fry plantain, sausages and beans, roti and salt or with sardine, baked and fry chicken.

Lunchtime/ Dinner - meals from £4 with average priced at £6 including side or large sizes at £8 choice includes - jerk chicken rice and peas, curry mutton, curry chicken and rice, curry mutton roti, soups, pepper pot and bread/rice/plantain, cassava and yam, metagee, cook up rice, stew vegetables with meat, pumpkin, ochro, calaloo, bora, fish, curry beef, macaroni cheese, patties, chow mein, oxtail, fry plantain, vegetable pasta and baked chicken and more.

Bakery items include homemade bread, patties, cheese rolls, tarts, salara and cassava pone.

Weekend treats include black pudding, metagee, cook up rice, fufu and stew, spouse, fry fish and dhal.

Agreed handover offered.

Location
gt Flavazs N Spices is located on the very busy Elmer End Road, Penge, South East London . This busy link road, links drivers from Crystal Palace to Penge and Beckenham.

This is a large residential area with lots of popular takeaways on the same parade of shops including the busy Costcutter next door to the business, as well as a Co op and Aldi. Two main schools and nearby Penge shopping area.

Penge is a suburb of south east London, with the nearest city being Croydon only 3.5 miles away and only 9 miles south of Charing Cross.

There is free parking directly outside as well as in the adjacent streets.

The business sits in between 2 mainline stations. Birbeck and Elmer End and the main bus routes into both Crystal Palace and Croydon are also directly outside.

Premises
Waiting area - 2 x tables and 4 chairs to wait or sit in and enjoy your food, glass fronted drinks chiller, glass fronted display chiller and bbq.

Service area - heated stainless steel warming cupboard, wall mounted shelving, rice cooker, upright fridges x 2, chest freezers x 2, microwaves x 2, till, card machine, shelving, 1 x tall freezer.

Rear kitchen - Electric oven, fan unit, stainless steel sink, fridge, fryer and storage.

Tenure
We are advised Leasehold, on a special rolling agreement with the adjoining Costcutter paying £7,800 per year.

Hours
The business currently opens to suit:-

Monday to Thursday 11am to 10pm
Weekend 11.00am to 12

Staff
The business is run by our client and wife.

Financial Profile
As per the 2017 accounts the business reports turnover at £75,000 with a gross profit at 60%.

What Zoopla users think of SE20

Overall rating:

  • currently 4 stars
Very good - 84% (156 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4.5 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Birkbeck (0.2 miles)
  • Anerley (0.6 miles)
  • Elmers End (0.6 miles)
  • London City Airport (8.4 miles)
  • London Heathrow Airport (18.1 miles)
  • London Gatwick Airport (18.8 miles)
  • Greenwich Pier (5.7 miles)
  • Masthouse Terrace Pier (5.8 miles)
  • Greenland Pier (6.2 miles)

Nearby schools

View all schools in Bromley
  • Stewart Fleming Primary School (0.2 miles)
  • St Anthony's Roman Catholic Primary School (0.3 miles)
  • Churchfields Primary School (0.5 miles)
  • Cambridge Tutors College (3.1 miles)
  • Bellerbys College London (5.4 miles)
  • City Gateway 14-19 Provision (6.7 miles)
  • Harris Academy South Norwood (0.9 miles)
  • Harris City Academy Crystal Palace (0.9 miles)
  • Oasis Academy Arena (0.9 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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