Coffee Shop plus Sandwich Bar in North London For Sale

Situated in a parade, excellent trading position NW LONDON

Turnover £ 900
Price £25,000

Features

Traditional Coffee Shop, Sandwich Bar and Delicatessen (a3 Use)

Outside seating for 6 people.

6 DAYS OPENING ~ 4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES WITH ELECTRIC SHUTTERS - Marble Tiled floor, plasterboard ceiling with modern lighting.

Tables and Chairs seating 20 people.

Sales counter, electric cash register, soft drinks fridge, 2 display fridges, coffee machine (2 group), grinder, knock out drawer, painini press.

Open plan Kitchen - Stainless steel extractor fan, 4 burner hob, oven, gravity feed slicer, chest freezer with stainless steel top, stain less steel counter for prep, large single sink and drainer, wash hand basin, etc.

Walkin cold room

Storage cupboards

Customer cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £900 p.w. with a Gross Profit of 70% approx.

Staff

The business is at present operated by the vendor's partner

Trading Hours

6 Day week
MONDAY - FRIDAY 8am - 5pm
SATURDAY 8am - noon

Tremendous potential to introduce Pizza & Pasta and extend the opening hours.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2006 with reviews every 4 years at a rental of £14,000 pa. The lease is due to expire 25th December 2026.

We are advised, to an approved applicant, the Landlord will accept surrender of the existing lease and grant a new lease at rent and terms to be agreed.

The Landlord will require commercial references and a 9 months rent deposit.

Business Rates from April 2024 £1,981 approx. after small business relief. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £25,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 12,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote