Coffee Shop plus Cakes in Middlesex For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, MIDDLESEX

Turnover £ 7,000
Price £160,000

Features

Coffee Shop Plus Cakes

We are advised a new large ofice block (Metaswitch) opening October, 2021 accommodating between 750/1,000 persons.

DOUBLE FRONTED PREMISES in the region of 950 ft². Vinyl floor, suspended ceiling with spotlights. Tables & chairs providing seating for 48 persons. Sales counter, cash register, coffee machine, coffee grinder.

KITCHEN. 2 freezers, fridge, stainless steel extractor unit, oven, preparation table, etc.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor's wife with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 5pm

Outside

Parking space for 1 car.

Tenure

The vendor owns the Freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rent of £40,000 p.a. for the first 4 years with rent review at that time and thereafter every 4 years.

Business Rates from April 2021 £15,000 approx. payable (Please contact local authority to confirm)

THE BUSINESS IS SOLELY OFFERED FOR SALE DUE TO OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote