Licenced Cafe Bistro in North London For Sale

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

Turnover £ 5,800
Price £98,500

Features

Most Attractive Licenced Café Bistro

FORECOURT WITH SEATING FOR 12 PEOPLE

DOUBLE FRONTED PREMISES in the region of 1,425 ft² WITH ELECTRIC SHUTTERS AND CANOPY, wood strip floor, ceiling with spot lights, Air conditioning with hot air, sales counter, EPOS till, Coffee Machine (2 Group), coffee grinder, Tables and chairs providing seating for 40 People (can be expanded), CCTV system (6 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Gas 6-burner Cooker, deep fryer (2 pan), grill, hob, 2 microwaves, fridge, freezer, dishwasher, 2 stainless steel preparation table, double sink and drainer.

Walkin coldroom.

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

Basement in the region of 420 ft², used for storage purposes.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,800 with a Gross profit of 65% approx. (no deliveries)

Staff

The business is at present operated by the 1 of the partners with 3 full time and 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 9am - 4.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 30 years in 2014 with reviews every 5 years (next review December 2024 but not concluded) at a current rent of £51,000 p.a. (under review)

Business Rates from April 2024 £3,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £98,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote