Well Presented Tea Room in North London For Sale

Situated in a parade, main road trading position, residential and commercial area, NORTH LONDON

Turnover £ 1,000
Price £49,500

Features

Well Presented Tea Shop

5 DAYS OPENING

SINGLE FRONTED PREMISES WITH ELECTRIC SHUTTERS & CANOPY, tiled floor, spot & hanging lights, sales counter, EPOS till. Tables and chairs providing seating for 17 People.

Open plan kitchen area stainless steel extractor unit, small oven, mixer, freezers, fridge, induction cooker, Been to Cup Coffee Machine.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,000 p.w. with a Gross profit of 75% approx.

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

5 Day week
WEDNESDAY - SUNDAY 12 noon - 6pm

Outside

Alleyway to rear for bins

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote