Traditional Sandwich Bar & Coffee Shop in Middlesex For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, MIDDLESEX

Turnover £ 6,000
Price £120,000

Features

Traditional and Locally Renowned Coffee Shop / Sandwich Bar & Deli

6 DAYS OPENING

Outside seating for 4 persons (Could be extended local licence available).

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 860 ft². Air conditioning. Marble tiled floor, suspended ceiling with LED lighting. Tables and chairs for 48 persons. Sales counter, EPOS cash register, two group coffee machine, knockout box grinder, toaster, panini press, 2 microwaves, 2 under-counter fridges, blender, wash hand basin, chilled display unit.

REAR KITCHEN. Stainless steel extractor, griddle, deep fat fryer, 4-pot bain marie, cooker and oven, soup kettle, 2 full height fridges, full height upright freezer, double sink and drainer, dishwasher, stainless steel preparation table, gravity meat slicer, gas water boiler,

Stairs to:

Cloakroom with toilet and sink

Store room with 2 chest freezers

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 5 full time staff employed.

Trading Hours

6 Day week
MONDAY - SATURDAY - 8 a.m. - 5 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to FLAT above at present let on a shorthold tenancy and provides a rent of £1,200 per month. The accommodation comprises:

Fitted kitchen
Living room

Stairs to:

2 double bedrooms
Bathroom with bath, sink and toilet

Rented @ 1200 pcm - AST

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord), granted for 15 years in 2012 with reviews every 5 years (next review 2027) at a current rent of £53,000 p.a. (As will be appreciated with the current rent of £14,400 from the accommodation, the net rent payable at the present time is £38,600 p.a).

Business Rates from April 2023 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2003

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote