Well Established Café in Middlesex For Sale

Situated in a Parade, excellent main road trading position, close to Underground Station, residential and commercial area, Middlesex

Turnover £ 4,000
Price £150,000

Features

Well Established Licensed Café

PAVEMENT LICENCE

OUTSIDE SEATING FOR 30 IN TOTAL (6 TO THE FRONT, 24 TO THE REAR)

5 STAR HYGIENE RATING

DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 753 ft² WITH ELECTRIC SHUTTERS, Tiled flooring, suspended ceiling with spot lights and pendants, 65" television.

Tables and chairs seating 40 people.

Counter, electric cash register, coffee machine (2 group), grinder, knock out drawer, Coca-cola soft drinks fridge, wine cooler, 3 under counter fridges, 3 under counter freezers.

OPEN PLAN KITCHEN - Stainless steel extractor, Painini press, 6 slot taoster, Lincat grill, Lincat griddle, Lincat doubkle basket deep fat fryer, Lincat oven, 6 burners, 2 microwaves, milkshake mixer, juicer, dishwasher, double sink and drainer, stainless steel preparation table, shelves, etc.

Ladies' cloakroom with toilet and wash hand basin.
Gentlemen's cloakroom with toilet and wash hand basin.

Dry store to rear.

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 Husband & Wife team with the assistance of 4 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7 a.m. - 6 p.m.
SUNDAY 7 a.m. - 1 p.m.

Licensed to trade Monday - Thursday 7 a.m. - 1 a.m.
Friday, Saturday 7 a.m. - 2 a.m.
Sunday 7 a.m. - Midnight

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to flat above comprising;

2 Double bedrooms (one large.)
Bathroom with bath, sink and toilet.
Fitted kitchen / diner.


We are advised if the accommodation was let on a shorthold tenancy it would yield a rental income of £1,500 per month

Outside

Garden with tables and chairs seating 24 people.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2014 with reviews every 5 years (next review 2029) at a current rent of £31,000 p.a.

Business Rates from April 2025 £3,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2003, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote