Cafe Bakery in North London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, NW LONDON

Turnover £ 6,000
Price £50,000

Features

Well Fitted Café & Bakery

FORECOURT WITH SEATING FOR 2 PEOPLE

DOUBLE FRONTED PREMISES in the region of 1,000 ft² WITH CANOPY, tiled floor, suspended ceiling with spot and hanging lighting, Air conditioning with hot air, cool display counter with refrigerated storage section, EPOS till. Tables and chairs providing seating for 44 People, Coffee Machine (2 Group), coffee grinder sink.

Kitchen with stainless steel extractor unit, hot plate, Electric Cooker, 2 x Deep fryer, 5 x fridge, 4 x freezer, double sink and drainer, dishwasher.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 4 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 9am - 5pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2015 with reviews every 4 years (next review 2027) at a current rent of £33,000 p.a.

Business Rates from April 2024 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote