Artisan Cafe & Coffee Shop (A3) in North London For Sale

Situated in a parade, excellent High Street trading position, residential, office and commercial area, LONDON

Price £50,000

Features

Artisan Café & Coffee Shop - A3 Use

DOUBLE FRONTED PREMISES 420 ft² approx. Air conditioning with hot air, laminated strip floor, plasterboard ceiling with pendant lights, sales counter, EPOS till, Serveover refrigerated cabinet, 2 group La Marzocco coffee machine, Victoris Arduino coffee grinder, chilled 4 layer upright cake fridge, under-counter fridge, 2 blenders, juicer, display shelving, etc

Door to -

Unisex toilet, with wash hand basin

Kitchen, preparation area. Air conditioning. Extractor, plasterboard ceiling, LED lights, non slip ceramic tiled floor. Preparation table, double sink with drainer, oven, 4 ring hob, panini press, toaster, full height double door fridge, under-counter freezer,

Turnover

WE UNDERSTAND the vendor enjoys a good turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by the vendor with the assistance of 1 full time staff & 1 part time staff employed. We are informed the wage bill averages £540 p.w. approx.

Trading Hours

7 Day week 7 a.m - 7 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord granted for 16 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £22,500 p.a. We understand there is a Break Cause at the first rent review.

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

THE BUSINESS IS SOLEY BEING OFFERED DUE TO THE VENDORS OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote