Italian Coffee Shop and Deli in Barnet For Sale

Situated in a parade, busy road, office & residential area, BARNET, HERTFORDSHIRE

Turnover £ 4,000
Price £82,500

Features

Coffee Shop and Italian Delicatessen

6 DAYS OPENING
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, in the region of 650 ft², WITH ELECTRIC SHUTTERS, CCTV (3 cameras), laminate flooring, suspended ceiling with spotlights.

Tables and chairs seating 15 people, potential to increase to 30 people.

Sales counter, cash register, display fridge, freezer display, small counter top fridge, ambiant display unit, coffee machine (3 grounp), grinder, knock out drawer, scales, painini press, commercial microwave, oven, dishwaster, double sink and drainer, etc,

Stairs to BASEMENT, in the region of 325 ft²

KITCHEN - Stainless steel extractor, pizza oven, hot plate, microwave, sink with drainer, 3 freezers, etc

CLOAKROOM - with toilet and wash hand basin

STORE ROOM - Fully shelved, 2 freezers.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. - £4,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with family assistance as required.

Trading Hours

6 Day week
MONDAY - SATURDAY 7am - 4pm

CLOSED SUNDAY

We are advised there is demand for increased opening hours.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2018 with reviews every 4 years (next review 2026) at a current rent of £17,000 p.a.

Business Rates from April 2025 £1,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £82,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 41,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote