Cafe & Sandwich Bar in Islington For Sale

Situated in a parade, excellent main road trading position, EC LONDON ISLINGTON

Turnover £ 5,000
Price £150,000

Features

Old Established Café / Sandwich Bar - A3 Use

Small forecourt with space for 2 tables and 4 chairs. Electric shutters to single fronted Café/Sandwich Bar, with tiled floor. 7 tables and 14 chairs. Cool display serve-over counter, electric cash register, 2-group coffee machine, coffee grinder, extractor system plus stainless steel cladding to cooking area, electric griddle, double deep fryer, single panini toaster, open cool display unit.

Stairs to Basement, used for storage purposes, with 2 fridges and 2 chest deep freezes.

Cloakroom with w.c. and wash hand basin.

Turnover

WE ARE INFORMED the turnover is in the region of £5,000 p.w. including delivery to a local office which, we understand, accounts for approx. £300 p.w. of the turnover. In our opinion, the business has further potential to increase in the right hands.

Trading Hours

Monday/Friday incl. 6 a.m. - 4 p.m.
Saturday opening 7 a.m. - 3 p.m.
No Sunday trading.

Tenure

We understand the premises are held on a new 15 years' lease from a private landlord, at a current rental of £21,000 p.a. excl. of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform business rates: £7,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

Price

PRICE TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS, £150,000 plus stock at valuation.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote