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Reference R9090

Cafe in Islington For Sale

Cafe in Islington For Sale
Buy a Cafe in Islington For Sale Sell a Cafe in Islington For Sale

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

Turnover £ 2,800
Price £49,500

Features

Fully Equipped Café

We understand the premises have A1 use

Space for 1 table & 2 chairs in front of Cafe

SINGLE FRONTED CAFÉ with non-slip tiled floor. Tables & chairs providing seating for 23 persons. Servery counter with 3 group coffee machine, coffee grinder, electronic cash register, 1 glass fronted fridge.

KITCHEN AREA with 2 under-counter fridges, 2 deep freezers, dishwasher, ice machine, panini toaster, electric hob etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £2,800 p.w. including takeaway, in our opinion offering further potential to increase in the right hands.

Staff

The business is at present mainly staff operated. Staff employed 2 full time plus 4 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 6 p.m.
Sunday opening - 10 a.m. - 5 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 3 years unexpired at a current rental of £18,000 p.a. exclusive of rates. We understand the rent can increase each year by 7%.

Uniform Business Rates: £1,850 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (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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