Well fitted Cafe plus Shisha Lounge in North London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, NW LONDON

Turnover £ 8,000
Price £150,000

Features

Well Fitted Café Plus Shisha Lounge

FIVE STAR HYGIENE RATING
FORECOURT WITH SAITING FOR 6 PEOPLE
Rear garden with seating fdor 20 people

DOUBLE FRONTED PREMISES in the region of 740 ft² WITH ELECTRIC SHUTTERS PLUS CANOPY, tiled floor, suspended ceiling with spot and hanging lighting, sales counter, EPOS till. Tables and chairs providing seating for 40 People, CCTV system (10 cameras).

Open plan kitchen area, stainless steel extractor unit, Gas 6-burner Cooker, Flat Grill, toaster, Oven, microwave, cold display fridge, freezer, 2 fridges, double sink and drainer.

Toilet with w.c. and wash hand basin.

Basement in the region of 110 ft², not currently uterlised.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. (£500 on DELIVERIES)

Staff

The business is at present operated by the 2 partners with the assistance of 4 full time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY inclusive 7am - midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £35,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

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