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Reference R9259

Cafe & Fish & Chip Shop in North London For Sale

Register to see map and to make an appointment Situated in a parade, busy road, NORTH LONDON

Turnover £ 3,750
Price £46,000

Features

Café Plus Fish & Chips

Front area with space for 4 tables & chairs (Licence Fee payable)

DOUBLE FRONTED SPACIOUS CAFÉ/FISH & CHIPS. Tiled floor, ceiling lighting. Tables & chairs providing seating for 32 persons. 3-pan gas counter range, electronic cash register, double door glass fronted display fridge (on loan from Coca Cola), cool display counter, 2 group coffee, machine, coffee grinder, 3-burner Falcon grill, small Valentine deep fryer, double door fridge, 1 chest deep freezer, 4-burner gas cooker, potato chipper & peeler etc.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Stockroom

Turnover

WE ARE INFORMED the turnover averages £3,750 p.w. in our opinion offering further potential to increase in the right hands. It should be noted that the business is situated close to Arsenal Football Ground. We understand there are 25 match days per year & on match days we understand the turnover increases considerably.

Staff

We understand the business is operated by the vendor with the assistance of staff.

Trading Hours

Sunday - 9 a.m. - 6 p.m.
Monday - Thursday inclusive - 8 a.m. - 8p.m.
Friday - 8 a.m. - 9 p.m.
Saturday - 8 a.m. - 8 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in December, 2021 at a rental of £22,000 p.a. exclusive of rates, fixed for the remainder of the term. We understand that subject to satisfactory references, the landlord is prepared to grant a new 15 years full repairing and insuring lease at an initial rental of £26,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years. (As will be appreciated the assignment of the lease or the granting of a new lease is obviously subject to the landlord being satisfied with the references and we further understand that the landlord will require a six months rent deposit). We understand from the present tenant that the assignment of the existing lease or indeed the granting of the new lease, the costs of the assignment of the existing lease or the granting of a new lease will be the responsibility of a prospective purchaser.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £46,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 23,000 (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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