Retail Bakery in North London For Sale

Situated in a parade, excellent main road trading position, densely populated residential and commercial area, WEST LONDON

Turnover £ 4,000
Price £89,995

Features

Well Fitted Retail Bakery ~ Established 1994

5 STAR HYGIENE RATING
5 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 400 ft² with Bi-fold doors, laminated strip floor. Tables and chairs providing seating for 8 persons. Cool display counter with refrigerated storage section, hot display counter, EPOS till, illuminated menu board. 2 bakers ovens, grill, microwave, toaster, coffee machine (on loan), 2 fridge freezers, deep freezer, under-counter fridge. CCTV system (5 cameras, 1 monitor).

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a gross profit of 65% approx.

Staff

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

Trading Hours

5 Day week
MONDAY - FRIDAY 6.30 a.m - 3.30 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2018 with reviews every 4 years (next review 2026) at a current rent of £30,000 p.a.

Business Rates from April 2024 £4,000 approx. (Please contact local authority to confirm)

We understand the Landlord will requires a 3 month rent deposit.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,995 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,998 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote