Licensed Restaurant & Coffee Shop in North London For Sale

Situated end of parade, busy road, NW LONDON

Turnover £ 2,000
Price £65,000

Features

Attractive Licensed Restaurant / Coffee Shop

Outside seating for 10 persons

6 DAYS OPENING

4 STAR HYGIENE RATING

ATTRACTIVE DOUBLE FRONTED PREMISES. Air conditioned premises. Tiled flooring, feature pendant lighting. Tables and chairs for 20 persons. Sales counter, electric cash register, 3 group coffee machine, grinder, knockout drawer, soft drinks fridge, wash hand basin, under-counter fridge, under- counter freezer,

Fully tiled customers' cloakroom with toilet and sink.

REAR KITCHEN. Tiled floor, tube lighting. Stainless steel extractor, 6-burner hob, double fridge, single door freezer, 2 microwaves, double basket deep fat fryer, oven, salamander, hotplate, double sink and drainer, stainless steel preparation table.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by 2 partners with 2 full time staff employed. We are informed the wage bill averages £900 p.w. approx.

Trading Hours

6 Day week
MONDAY - FRIDAY 9 a.m - 8.30 p.m
SATURDAY 2 p.m - 8.30 p.m
CLOSED SUNDAY

Outside

Yard with store shed.

Tenure

We understand the premises are held on a 15 years sub-lease from 2020 at a rent of £24,000 p.a. with rent reviews every 5 years (next review 2026)

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE SUB-LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote