Licenced Cafe Restaurant in North London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 6,000
Price £180,000

Features

Licenced Café Restaurant

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,000 ft² WITH ELECTRIC SHUTTERS, tiled floor, spot lights, sales counter, EPOS till, stainless steel extractor unit, Cooker (6-burner), 3 burner griddle, deep fryer (2 pan), 3 microwave, Merrychef, glass washer, under counter fridge.
Tables and chairs providing seating for 42 People, CCTV system (6 cameras).

Preperation Kitchen 2 fridges, deep freeze.

Stock room.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx. (50% ONLINE SALES)

Staff

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

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 5pm

Outside

Rear yard

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 2011 with reviews every 5 years (next review 2026) at a current rent of £20,000 p.a.

Business Rates from April 2025 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 90,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote