Virtually Freehold Cafe in Barnet For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, HERTFORDSHIRE BARNET

Turnover £ 3,500
Price £80,000 / £430,000

Features

Café

6 DAYS OPENING

EXTENDED AND NEWLY FITTED 2017

DOUBLE FRONTED PREMISES in the region of 880 ft² WITH ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with LED lights. Tables and chairs providing seating for 36 persons. Cool display counter with refrigerated storage section, cash register, double door Coco-Cola drinks fridge, 2-group coffee machine, coffee grinder.

OPEN PLAN KITCHEN. Stainless steel extractor unit, chrome grill, slicer, toaster, panini toaster, deep fryer, 3 freezers, fridge, commercial gas oven, 3 microwave ovens (1 commercial), blender, commercial dishwasher, double sink and drainer, preparation table, shelving.

Disabled toilet with w.c. and wash hand basin

Additional toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. (including £500 via Uber Eats) with a gross profit of 65% approx.

Staff

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

Trading Hours

6 Day week
MONDAY - FRIDAY INCLUSIVE - 6am - 4pm
SATURDAY - 7am - 4pm

Tenure

WE ARE ADVISED THE PROPERTY IS LONG LEASEHOLD HAVING 1,000 years from 2014 with no rent.

We further understand the vendor is prepared to grant a new 16 years lease with 4 yearly reviews at a rent of £20,000 p.a.

Business Rates from April 2021 £800 approx. payable (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 NEW LEASE, GOODWIOL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR PRICE TO INCLUDE THE VALUABLE LONG LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £430,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) £ 301,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote