Traditional Cafe in Muswell Hill For Sale

Situated in a Parade, excellent trading position, residential area, NORTH LONDON MUSWELL HILL

Turnover £ 4,000
Price £99,500

Features

Traditional and well Established Café (a3 Use)

SINGLE FRONTED PREMISES in the region of 595 ft² with ELECTRIC SHUTTERS. Industrial non-slip lino floor, suspended ceiling with LED spotlights. Tables and chairs seating 40 persons. Sales counter, display fridge, soft drinks fridge, electronic cash register, coffee machine (rented)

OPEN PLAN KITCHEN. Stainless steel extactor, large grill with oven below, 2 single basket deep fat fryers, 6 ring hob with oven, 2 industrial microwaves, 4 pot bain marie, 6-slot toaster, large chest freezer, 2 full height single door fridges, stainless steel preparation table, double sink and drainer, wash hand basin

Storeroom

Customer cloakroom with toilet and sink

Staff cloakroom with toilet and sink

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 vendor with 1 full time staff plus the assistance of 2 part time staff. We are informed the wage bill averages £700 p.w. approx.

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m - 3 p.m
SUNDAY 8 a.m - 3 p.m

Outside

Communal garden to rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £28,000 p.a.

Business Rates from April 2023 £2,800 approx. with small business relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 49,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote