Cake and Coffee Shop in North London For Sale

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

Turnover £ 2,100
Price £55,000

Features

Well Presented Cake & Coffee Shop

FORECOURT WITH SEATING FOR 4 PEOPLE

The business specialises in quality handmade cakes, pastries and desserts, but also serves breakfasts, brunch and coffee.

. Fully Fitted & Equipped
. Beautifully Decorated
. Large Kitchen & Prep Area
. Gas Heating & Air Conditioning
. New Ceilings with LED Lighting

Internal Width (Max) 5.82 m
Narrowing to 4.72 m after 5.2 m
Unit Depth 10.20 m Approx
Ground Floor Area 58.0 m² Overall

DOUBLE FRONTED PREMISES WITH CANOPY, Refrigerated Display Counter, EPOS till. The whole shop was recently totally refurbished to include acu's new floors and ceilings, gas heating, extensive built-in storage facilities, etc. Tables and chairs providing seating for 18 People

Two Decades Italian Coffee Machine, Marble Top Tables, 3 commercial Fridges and mini Fridge & 2 commercial Freezers, 4 Ring Hob, Dishwasher, Grill, Large canopy,Extraction Ducting etc.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,100 p.w. with a Gross profit of 65% approx. (£250 per week VIA PORTALS)

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 10am - 6pm
SUNDAY 10.30am - 4pm

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £13,750 p.a. + VAT

Business Rates from April 2024 £1,220 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote