Cafe Coffee Shop in Marylebone For Sale

Situated in a parade, excellent trading position, office & commercial area, close to Underground Station, NW LONDON MARYLEBONE

Turnover £ 6,500
Price £133,000

Features

Well Equipped Licensed Coffee Shop & Café

We understand the premises have A1 use

Front area with space for 2 tables & 4 chairs to -

SPACIOUS DOUBLE FRONTED LICENSED COFFEE SHOP/CAFÉ with quality tiled floor, ceiling with inset lighting plus hanging lighting. Air conditioning/Heating. Tables & chairs providing seating for 34 persons (can be increased). Large cool display serveover counter, heated display counter, marble top counter, computerised till, stainless steel extractor, 2 commercial microwave ovens, double panini toaster, Lincat griddle, dishwasher, glass fronted fridge.

Stairs to basement TILED KITCHEN. The equipment includes Rational fan assisted oven, 1 3-door stainless steel counter fridge

Stockroom
Cloakroom with w.c. & wash hand basin
Staff changing room with staff w.c.

Turnover

WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of his wife & son on a part time basis plus 2 full time & 5 part time staff employed.

Trading Hours

Monday - Friday inclusive - 7 a.m. - 10 p.m.
Saturday & Sunday - 8 a.m. - 4 p.m.

Tenure

We understand the premises are held on a lease, the present lease having approximately 1½ years unexpired at a rental of £42,000 p.a. exclusive of rates. We understand the landlord, subject to satisfactory references is prepared to grant a new 10 years lease at a rental of £54,900 p.a. exclusive of raes for the first 5 years with rent to be agreed thereafter. We further understand the lease is outside the Landlord & Tenant Act.

Uniform Business Rates: £18,700 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £133,000 plus STOCK AT VALUATION

Finance

Subject to status, you maybe able to borrow up to £ 66,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote