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Reference R9160

Cafe Restaurant in North London For Sale

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

Register to see map and to make an appointment Situated in a parade, residential area, busy road, NORTH LONDON

Turnover £ 3,750
Price £145,000

Features

Fully Equipped Café / Restaurant

The café/restaurant caters for breakfasts, light lunch, snacks, teas & coffees. In our opinion, there is potential to introduce the sale of wines, beers and spirits subject to obtaining the necessary premises and personal licence.

Front area with space for 4 tables and 8 chairs.

Double fronted Café/Restaurant. Ceiling with hanging lighting. Tables and chairs providing seating for 50 persons. Counter with breeze block front. 2 Group coffee machine, Bellini toaster, small display fridge (on loan from Coca Cola), cash register, fridge, 2 blackboards (1 for espresso coffee prices whilst the other is used for hot drinks and fresh juice prices).

Level Kitchen with 4-burner gas hob, electric oven, 2 deep fryers, fridge, 2-door stainless steel counter fridge with refrigerated topping section, etc.

Customers' Cloakroom with w.c. and wash hand basin.

Turnover

We are informed the turnover is in the region of £3,500/£4,000 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 his partner plus 1 full time chef and 2 part time staff.

Trading Hours

Monday/Friday incl. 7 a.m. - 5 p.m.
Saturday & Sunday 8 a.m. - 5 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approx. 13 years unexpired, at a rental of £16,000 p.a. excl. of rates for the next 3 years, with rent review at that time and thereafter every 5 years.

Uniform business rates: £5,600 p.a. approx.


PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

Price

PRICE TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, £145,000 plus stock at valuation.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 72,500 (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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