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Reference R9165

Bakery & Coffee Shop in North London For Sale

Bakery & Coffee Shop in North London For Sale
Bakery & Coffee Shop in North London For Sale Buy a Bakery & Coffee Shop in North London For Sale Sell a Bakery & Coffee Shop in North London For Sale Bakery & Coffee Shop in North London For Sale for Sale Bakery & Coffee Shop in North London For Sale for Sale Bakery & Coffee Shop in North London For Sale for Sale Bakery & Coffee Shop in North London For Sale for Sale Bakery & Coffee Shop in North London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, N. LONDON.

Turnover 12,000
Price 160,000

Features

Superbly Fitted Coffee Shop / Bakery

Electric shutters plus automatic door to spacious double fronted Coffee Shop/Bakery, with ceramic tiled floor, ceiling with inset spotlighting, 2 air conditioning/heating units. Tables and chairs including bench seating for 45 persons. We understand the ground floor is a total area of approx. 170 sq. metres including the rear Bakery.

Large glass display counter, cool display unit, 2 Group coffee machine plus coffee grinder (both on loan), orange juice machine (on loan), computerised toll.

Bakery at rear with tiled floor. Equipment includes 2-deck pizza oven, electric fan assisted oven, prover, large walk in deep freeze, etc.

Turnover

We are informed the turnover currently averages 12,000 p.w. (we understand approx. 80% of the turnover is in respect of takeaway with the balance in respect of the coffee shop).

Staff

The business is at present operated by a husband and wife team on a part time basis, with the assistance of 6 full time staff. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced.

Trading Hours

Monday/Friday incl. 6.30 a.m. - 5 p.m.
Saturday & Sunday, 8 a.m. - 6 p.m.

Tenure

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approx. 10 years unexpired, at a rental of 85,000 p.a. excl. of rates for the next 5 years with rent to be agreed thereafter.

Uniform business rates 42,000 p.a. approx.


PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

Price

PRICE TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, 160,000 plus stock at valuation.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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