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Reference R8900

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 Sell a Cafe in North London For Sale Cafe in North London For Sale for Sale Cafe in North London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential & commercial area, NORTH LONDON

Turnover £ 1,800
Price £49,950

Features

Fully Equipped Café

SINGLE FRONTED CAFÉ with woodstrip floor. Tables & chairs providing seating for 30 persons. Cool display counter, 2 coffee machines, coffee grinder.

LEVEL KITCHEN with tiled floor, plastic cladding to walls, stainless steel extractor, 6-burner gas cooker, 3 stainless steel tables, 1 upright stainless steel fridge, 1 upright stainless steel deep freezer, 1 additional upright deep freezer, double sink & drainer, wash hand basin etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of £1,800 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The Café is at present operated by a lady vendor with the assistance of 2 part time staff.

Trading Hours

Operated Monday - Saturday inclusive - 8 a.m. - 6 p.m.
NO SUNDAY TRADING
We understand the Licence for the sale of wines, beers & spirits allows serving alcohol from 12 noon - 11 p.m. if desired

Outside

Paved garden with part decking area. Tables & chairs providing seating for 30 persons.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a current rental of £19,500 p.a. exclusive of rates. We understand there is a rent review in September, 2019, however we are further advised by the present tenant that they do not anticipate any further increase. We further understand the rent reviews are every 4 years.

Uniform Business Rates: £2,200 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 24,975 (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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