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Reference R8657

Cafe in North London For Sale

Cafe in North London For Sale
Cafe in North London For Sale Buy a Cafe in North London For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, NORTH LONDON

Turnover £ 5,500
Price £120,000

Features

Well Established Café

DOUBLE FRONTED CAFÉ with laminated strip floor. Tables & chairs providing seating for 54 persons. Counter, electronic cash register, 3 group coffee machine, 2 coffee grinders.

LEVEL KITCHEN with tiled floor & tiled walls, stainless steel extractor, 3-burner gas hob, gas oven, double deep fryer, 3 fridges, 3 chest deep freezers, 2 upright deep freezers, double sink & drainer, wash hand basin

Cloakroom with w.c. & wash hand basin

Basement - ideal for storage purposes

Turnover

WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of 2 full time staff plus 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 4.30 p.m.
Sunday opening - 8 a.m. - 3.30 p.m.

Outside

Yard at rear

Tenure

We understand the premises are held on a new 11 years lease from August, 2016 at a rental of £23,500 p.a. exclusive of rates up to December, 2021 with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £10,000 p.a.

THE CAFÉ HAS BEEN IN THE SAME HANDS FOR THE PAST 13 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 60,000 (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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