Impressive Cafe in Kentish Town For Sale

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

Turnover £ 13,500
Price £190,000

Features

Impressive Cafe

NEWLY FITTED 2020 at a cost of £250,000

OUTSIDE. Tables and chairs providing seating for 18 persons

TRIPLE FRONTED PREMISES in the region of 1,950 ft². Marble tiled floor, factory style ceiling with hanging lighting. Oak tables and chairs providing seating for 110 persons. Oak shelving, 2 cool display counter with refrigerated storage section, 3 EPOS tills.

OPEN PLAN KITCHEN AREA, stainless steel extractor unit, 2 large ovens, 15 fridges, 4 freezers, coffee grinder, 3 group coffee machine. CCTV system. etc.

Walkin coldroom

Preparation room, 2 dough mixers, preparation tables, double sink and drainer

Office

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £13,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by 6 full time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 8am - 6pm
SATURDAY & SUNDAY 8am - 6.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE leasefrom a private landlord, granted for 10 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £78,000 p.a. The Landlord requires a 6 months (£39,000) rent deposit.

Business Rates from April 2021 £44,000 approx. (Please contact local authority to confirm)

**The Landlord requires a £39,000 rent deposit**.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £190,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 95,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote