Sandwich Bar plus Ice Cream Parlour in North London For Sale

Business established in June 2020 at trendy North London.

Turnover £ 2,350
Price £65,000

Features

Sandwich Bar & Ice Cream Parlour

DOUBLE FRONTED PREMISES in the region of 250 ft² (ground floor and basement) with Victorian style awning, shop-front window used as a display for sandwiches, pastries, and so on, wood strip floor, Avant Garde lighting system, gentrified shop interior design (predominantly bare brick, wood, and metal exposed) New air conditioning unit, 2 group espresso machine, new double panini grill, ice machine, Smoothie Machine, new double door freezer, double sliding door drink fridge, new air extraction system, New 28 pan ice cream display freezer, storage cupboards.

Basement, used for storage purposes which also includes a larder kitchen
Staff toilet with wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £120,000 per year with a gross profit of 65% approx. With great potential to increase income.

Staff

Presently 1 full-time staff, and 1 part-time staff members operate the business

Trading Hours

The business is presently opened 6 days a week:

MONDAY - FRIDAY 8am - 7pm
SATURDAY - 8am - 9pm
SUNDAY – 11am – 6pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, New Lease reviews every 3 years at a current rent of £15,000 p.a.

NIL Business Rates after full relief (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 £65,000 plus STOCK AT VALUATION

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote