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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 £ 4,800
Price £57,500

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 plus part concealed 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, stainless steel extractor with stainless steel cladding, double door fridge, 1 chest deep freezer, 4-burner gas cooker.

POTATIO PREPARATION AREA with stainless steel steel cladding to walls with potato chipper & peeler etc.

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

Stockroom

Turnover

WE ARE INFORMED the turnover averages £4,800/£5,000 p.w. including the turnover from football match days, 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 approximately 28/30 match days per year & on match days we understand the turnover increases considerably with additional staff employed on the match days.

Staff

We understand the business is operated by the vendor with the assistance of his wife plus 2 full time staff.

Trading Hours

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

Tenure

We understand the premises are held on a new 15 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter the fifth & tenth year of the lease. (We understand the lease is to be outside the Landlord & Tenant Act). We further understand that the assignment of the lease is subject to satisfactory references and we are advised the landlord will require a six months rent deposit.

Uniform Business Rates: £4,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £57,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 28,750 (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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