Well established Café in North London For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, North London

Turnover £ 3,500
Price £80,000

Features

Cafe Restaurant

6 DAYS OPENING
FORECOURT WITH SEATING 4 PEOPLE.
4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 575 ft² WITH ELECTRIC CANOPY, tiled floor, suspended ceiling with fluorescent lighting, sales counter, cash register, Coffee Machine (2 Group) (on loan), coffee grinder, under counter fridges, Tables and chairs providing seating for 32 People.

Kitchen with stainless steel extractor unit, grill, Cooker (Gas 4-burner), 2 microwave, 2 x Deep fryer, fridges, freezers, double sink and drainer.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 7am - 4.30pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2015 with reviews every 4 years (next review 2027) at a current rent of £16,800 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote