MODERN COFFEE SHOP AND DESSERT PARLOUR in Middlesex For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, HARROW, Greater London.

Turnover £ 15,500
Price £225,000

Features

Modern, Franchise Coffee Shop and Dessert Parlour

5 STAR HYGIENE RATING

DOUBLE FRONTED AIR-CONDITIONED PREMISES, in the region of 2,500 ft², Cctv (9 cameras), industiral non slip vinyl flooring, suspended ceiling with LED lighting.

Tables and chairs, booths and sofas, seating 90 - 94 people.

Sale counter, touch screen cash register, 2 ipads, Gelato display freezer, cake / dessert display chiller, under counter freezer, milkshake machine, coffee machine (2 group), grinder, knock out drawer, 2 undercounter chillers, shelves, wash hand basin, etc

OPEN PLAN KITCHEN - 2 microwaves, oven, 2 waffle machines, 2 large double door freezers, 2 undercounter chillers, fast serve ice cream machine, stainless steel preparation table, double sink with drainer, hot water boiler, shelves, etc.


2 customer cloakrooms, one with disabled access, with toilet and wash hand basin.

Large store room, shelved.

Stairs to first floor;

2 rooms, not used.

Staff toilets with wash hand basins.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,000 p.w. - £16,000 p.w. with a Gross profit of 60% approx.

PLEASE NOTE THE PURCHASE OF THIS BUSINESS IS SUBJECT TO A FRANCHISE AGREEMENT. FULL DETAILS AVAILABLE UPON REQUEST.

Staff

The business is at present operated by the vendor with 3 full time and 3 part time staff employed.

We are informed the wage bill averages £1,850 p.w. approx.

Trading Hours

7 Day week

Restaurant MONDAY - SUNDAY 12 noon - 1 a.m.

Delivery MONDAY - WEDNESDAY 11 a.m. - 1 a.m.
THURSDAY - SUNDAY 11a.m. - 2 a.m.

Outside

Bin store with rear access.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £45,000 p.a.

Business Rates from April 2025 £2,200 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 18TH AUGUST 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £225,000 PLUS VAT plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 112,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote