Licensed Coffee Shop and Delicatessen in Upper Holloway For Sale

Situated in a parade, main road trading position, office, commercial and residential area with the benefit of 2 colleges nearby, close to Archway Underground Station, HOLLOWAY, LONDON, N19

Turnover £ 3,750
Price £99,950

Features

Italian Delicatessen / Coffee Shop and Off Licence

Established 2018
4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 750 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot lights, 2 x cool display counter with refrigerated storage section, open cool display unit (2 metres), sales counter, cash register, Coffee Machine (2 Group), coffee grinder, fridge, drinks display fridge (glass fronted upright), modern adjustable shelving, CCTV system (3 cameras).

Tables and chairs providing seating for 28 People.

Toilet with w.c. and wash hand basin.

Small Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 - £4,000 p.w. with a Gross profit of 40% approx.

Staff

The business is at present operated by the vendor with 1 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 9.30 a.m. - 6 p.m.
SUNDAY 10 a.m. - 4 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2018 with reviews every 4 years (next review 2030) at a current rent of £26,000 p.a.

Business Rates from April 2025 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

SALE VIA SHARE TRANSFER

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 plus STOCK AT VALUATION (£8,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote