Licenced Cafe Restaurant in North London For Sale

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

Turnover £ 3,500
Price £140,000

Features

Old Established Licenced Café / Restaurant

5 STAR HYGIENE RATING
FORECOURT WITH SEAT FOR 6 PEOPLE

SINGLE FRONTED PREMISES in the region of 1,100 ft² with tiled floor, suspended ceiling with spot and fluorescent lighting, Air conditioning with hot air. Bar, EPOS till, Tables and chairs providing seating for 55 People.

Open plan kitchen area, stainless steel extractor unit, grill, Cooker (Gas 6-burner), deep fryer (2 pan), drinks display fridge (glass fronted upright triple-door), 2 x fridge, microwave, mincer, toaster, double sink and drainer.

Walkin coldroom

Stock room 2 x deep freezers.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx. (NO PORTALS)

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 10am - 10pm

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 20 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £34,000 p.a.

Business Rates from April 2025 £7,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote