Well Established Café in North London For Sale

Situated in a parade, excellent town centre position, MIDDLESEX

Turnover £ 7,500
Price £179,000

Features

Well Established Café

FORECOURT WITH SEATING 4 PEOPLE
4 STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES in the region of 880 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with hanging lights, cool display counter with refrigerated storage section, cash register, Coffee Machine (2 Group), coffee grinder, Tables and chairs providing seating for 38 People.

Kitchen, stainless steel extractor unit, Gas 6-burner Cooker, griddle, fridge, 2 freezer, washing machine, slicer, electric oven, double sink and drainer, dishwasher.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the Manager with 3 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8am - 4pm
SUNDAY 8am - 3pm

Outside

Rear yard with Parking space for 1 car.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 15 years full repairing and insuring lease with rent reviews every 5 years at a rent of £35,000 p.a. for the first 5 years.

Landlord requires a 6 month rent deposit

Business Rates from April 2024 £2,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £179,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 89,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote