Modern Décor Cafe in North London For Sale

Situated in a parade, prominent trading position, residential, office and commercial area, NORTH LONDON

Turnover £ 6,000
Price £169,950

Features

Modern Décor Cafe, Sandwiches, Pastries & Gelato

6 DAYS OPENING

NEWLY FITTED 2020.

SINGLE FRONTED PREMISES in the region of 250 ft² with Victorian style awning. Wood strip floor, hanging lights, air conditioning unit, bread oven, 2 group Espresso machine, open front display drinks fridge, double panini grill, salamander, ice machine, new double door freezer, new upright fridge, new horizontal worktop fridge, 2 upright freezers, salad fridge, air extraction system, 14 pan ice cream display freezer, etc.

Basement, used for storage purposes

Staff 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. (NO DELIVERIES)

Staff

The business is at present operated by 2 full time plus 2 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 7am - 5pm
SATURDAY 8am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £20,000 p.a.

Business Rates from April 2022 £1,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £169,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 84,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote