Bakery and Coffee Shop in North London For Sale

Situated in a parade, excellent main road trading position, commercial area, NW LONDON

Turnover £ 7,750
Price £159,950

Features

Retail Bakery & Coffee Shop

6 DAYS OPENING

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS, AWNING in the region of 1,085 ft². CCTV (5 cameras). Laminate flooring, plasterboard ceiling with LED light panels. Tables and chairs seating 10 persons. Sales counter, electronic cash register, 2 hot cabinets, display fridge, soft drinks fridge, sandwich fridge with stainless steel counter and topping bins, 2 convection ovens, rack of baking trays, 3 chest freezers, 2 double door stainless steel fridges, 2 double door stainless steel freezers, coffee machine (on rental) knockout drawer, grinder, panini press, bread slicer, blender, smoothie maker, shelving and racking.

Staff room. Table and chairs, sink, fridge, microwave, shelving.

Staff toilet

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. - £8,000 p.w. with a gross profit of 60% approx.

Included in the lease is an adjoining shop - let on a 6 month agreement providing a rental income of £1,000 per calendar month. (Presently used as a gallary)

Staff

The business is at present operated by staff with 4 full time staff plus the assistance of 2 part time staff. We are informed the wage bill averages £2,000 p.w. approx.

Trading Hours

6 Day week
MONDAY - THURSDAY 6.30 a.m. - 5 p.m
FRIDAY & SATURDAY - 6.30 a.m. -5.30 p.m.
CLOSED SUNDAY

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £30,000 p.a.

Business Rates from April 2024 £4,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 79,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote