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Reference R8844

Cafe in Canonbury For Sale

Cafe in Canonbury For Sale
Buy a Cafe in Canonbury For Sale Sell a Cafe in Canonbury For Sale

Register to see map and to make an appointment Situated in a parade, busy road, commercial & residential area with offices plus school nearby, NORTH LONDON CANONBURY

Turnover £ 2,500
Price £90,000

Features

Well Equipped Café (we Understand The Premises Have A1 Use)

PAY & DISPLAY PARKING IN FRONT OF PARADE

Electric shutters to ATTRACTIVE DOUBLE FRONTED CAFÉ. Full Gas Fired Central Heating, quality woodstrip floor, attractive brickwork to 1 wall, hanging lighting. Tables & chairs providing seating for 24 persons. Cool display serveover counter, 3 microwaves, 2 group coffee machine, coffee grinder, panini toaster, electronic cash register, juice machine, milkshake machine, counter fridge etc.

Cloakroom with w.c. & wash hand basin

Stairs to spacious basement PREPARATION KITCHEN AREA with stainless steel extractor, 4-burner gas hob, 3 small electric ovens, 1 microwave oven, 3 uprght deep freezers, 3 fridges, double sink & drainer.

Turnover

WE ARE INFORMED the turnover averages £2,500 p.w. in our opinion offering tremendous potential for further development in the right hands. The turnover is in respect of the café area plus takeaway & in our opinion there is potential to introduce deliveries, if desired.

Staff

The Café is at present operated by a lady vendor with the assistance of her sister & daughter.

Trading Hours

Operated 6 days per week Monday - Saturday inclusive - 7 a.m. - 5 p.m.
NO SUNDAY TRADING
We understand the Café is closed for 2 weeks at Christmas plus 1 week at Easter.

Tenure

We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 7 years unexpired at a current rental of £13,500 p.a. exclusive of rates. We understand there is a rent review under negotiation at present, however as yet no final annual rent has been agreed. We further understand that the rent reviews are every 5 years.

Uniform Business Rates: Nil payable after small business relief

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL FITTED CAFÉ IN THIS EXCELLENT TRADING POSITION

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (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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