Daytime Cafe & Delicatessen in Highgate For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, close to underground, NORTH LONDON HIGHGATE

Turnover £ 3,250
Price £67,500

Features

Attractive Daytime Cafe and Deli - A3 / A5 Licence

6 DAYS OPENING

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 740 ft² with ELECTRIC SHUTTERS. Wood strip floor, high ceilings with fluorescent lighting. Tables and chairs providing seating for 30 persons. Cool display counter with refrigerated storage section, cash register.

OPEN PLAN KITCHEN. 2 group coffee Machine (on loan), juice machine (on loan), panini machine, oven, toaster, fridge, freezer, additional freezer (on loan), fish fridge (on loan).

Toilet with w.c. and wash hand basin

Stock area / Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,250 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor

Trading Hours

7 Day week
MONDAY - SUNDAY 8 a.m - 6 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £18,000 p.a.

Business Rates from April 2022 £8,200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £67,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 33,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote