Compact Cafe in North London For Sale

Situated in a parade, busy road, residential & commercial area, NW LONDON

Turnover £ 2,000
Price £59,950

Features

Compact Café

6 DAYS OPENING

5 STAR HYGIENE RATING

Ample customer's car parking as there are no parking restrictions in front of premises.

SINGLE FRONTED PREMISES in the region of 420 ft² with ELECTRIC SHUTTERS. Laminated strip floor, suspended ceiling with spotlights. Tables and chairs providing seating for 18 persons. Sales counter, cash register,
cool display cake counter. CCTV system (4 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, 4-burner gas cooker, griddle, 2 deep fryers, 2 microwaves, 2 fridges, 3 freezers, double sink and drainer.

Stockroom.

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,000 p.w. with a gross profit of 65% approx. In our opinion there is tremendous potential for further development in the right hands.

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

6 Day week
MONDAY - FRIDAY 7 a.m - 4 p.m
SATURDAY 7 a.m - 4 p.m

Outside

Rear yard with large sheds

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from private landlord, granted for 16 years in 2010 with reviews every 4 years (next review 2026) at a current rent of £16,800 p.a. We understand the landlord is prepared to grant a new lease, if desired.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £59,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote