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Reference R6818

Cafe Restaurant in Islington For Sale

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

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, opposite a university, residential & office area EC LONDON ISLINGTON

Turnover £ 3,500
Price £89,950

Features

Attractive well Equipped Café / Sandwich Bar (we Understand The Premises Have A3 Use)

Wide pavement. We understand the vendor is able to have 8 tables & chairs for 16 persons in the front area (can be increased). We further understand that a Licence Fee of £500 p.a. is payable to the local authority.

Impressive and spacious CAFÉ/SANDWICH BAR in the region of 480 sq. ft. with quality tiled floor. Tables & chairs providing seating for 20 persons. Cool display serveover counter, computerised till with EPOS system, large microwave oven, upright open cool display unit (for soft drinks), 2 group coffee machine, coffee grinder, work surface behind counter, 4-door stainless steel counter fridge, wash hand basin. Front area ceiling with inset spotlighting, 6 hanging lights over counter area. Rear section with 4 tracks with spotlighting.

REAR LEVEL KITCHEN with tiled floor, extractor unit, grill, Lincat 2-burner electric hob, electric oven, sink & drainer, dishwasher etc.

Cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £3,500 p.w. including takeaway, in our opinion there is potential to introduce deliveries, if desired. We are further advised that the gross profit is in excess of 75%.

Staff

At present operated by the vendor & wife with the assistance of 3 part time staff.

Trading Hours

Operated 5 days per week
Monday - Friday inclusive - 7 a.m. - 4 p.m.
CLOSED ALL DAY SATURDAY & SUNDAY
It will be appreciated upon inspection there is potential for additional opening hours if desired.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 14 years unexpired at a rental of £17,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £3,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £89,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 44,975 (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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