Restaurant and Coffee Shop in Primrose Hill For Sale

Situated in a Parade, main road trading position, residential, office and commercial area, WEST HAMPSTEAD, London, NW3.

Turnover £ 5,500
Price £165,000

Features

Takeaway Restaurant & Coffee Shop

NEWLY FITTED 2023 TO A HIGH STANDARD

6 DAYS OPENING DUE TO VENDOR'S FDAMILY COMMITMENTS

3 PHASE ELECTRICS ~ 4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,285 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with hanging lights and projectors, open cool display unit (1.4 metres), sales counter, TPOS till, stainless steel extractor unit, 2 kebab machines, 2 salamander grill, charcoal grill, 2 x drinks display fridge, 2 x under counter fridge, 3 x Deep fryer, toaster, microwave, under counter freezer, Coffee Machine (3 Group) (on loan), CCTV system (7 cameras, 1 monitor).

Tables and chairs providing seating for 70 People.

Toilet with w.c. and wash hand basin.

Basement in the region of 675 ft² with:

Preparation Kitchen, double door freezer, refrigerated making table, Cooker (Gas 6-burner), double sink and drainer, mincer, Robo Cook, blender.

Walkin coldroom.

Stock room / Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor on a management basis with 2 full time staff & 4 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 8am - 11pm
SATURDAY 10am - 11pm
There is local demand and the potential to open 7 days a week.

Day opening.Potential and local demand for

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 2024 with reviews every 5 years (next review 2029) at a current rent of £27,000 p.a.

Landlord will require a 6 month rent deposit

Business Rates from April 2024 £3,400 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

SALE VIA SHARE TRANSFER TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote