Old Established Cafe in Kentish Town For Sale

Occupying a corner position, prominent trading position, residential, office and commercial area, KENTISH TOWN, London, NW5.

Turnover £ 3,000
Price £385,000

Features

Freehold Old Established Café

5 DAYS OPENING
FORECOURT TO FRONT WITH SEATING FOR 10 PEOPLE
5 STAR HYGIENE RATING

CORNER FRONTED PREMISES in the region of 380 ft² WITH SHUTTERS, tiled floor, ceiling with spot lights, 2 cool display counters with refrigerated storage section, cash register, Coffee Machine (2 Group), coffee grinder, microwave, drinks display fridge (glass fronted upright double-door), drinks display fridge (glass fronted upright), seating for 6 People.

Kitchen with fridge, freezer, microwave & oven.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor plus daughter with the assistance of 1 part time staff.

Trading Hours

5 Day week
MONDAY - FRIDAY 6am - 4pm

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Tenure

FREEHOLD

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £385,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 269,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote