| (REF: R3153) Well Established Cafe/Restaurant |
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| Seller Reference: |
R3153 |
| B4S Reference: |
32146 |
| Asking Price: |
£140,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£260,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
North London, London, United Kingdom |
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Nationwide are pleased to offer to the market : Front area with space for 3 tables and 6 chairs
Electric shutters to SPACIOUS SINGLE FRONTED CAFÉ/RESTAURANT with tiled floor, suspended ceiling with concealed lighting. Tables and chairs providing seating for 40 persons. Cool display serveover counter, 2 group coffee machine, water boiler, electric cash register.
LEVEL KITCHEN with tiled floor, stainless steel extractor unit, stainless steel cladding to cooking area, large gas griddle, double deep fryer, 3 commercial plus 1 domestic microwave ovens, 4-burner gas cooker, 4-pot bain marie, 1 upright deep freeze, 3 chest deep freezes, worksurfaces, double sink and drainer, wash hand basin, 2 stainless steel tables etc.
STAIRS TO LARGE BASEMENT with rear access comprising large room, in our opinion having potential for additional seating area, if desired.
Ladies and gentlemens cloakrooms each with w.c. and wash hand basin
WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 65% approx.
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £23,400 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £3,800 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 11 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Yard with rear access |
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Location: |
Situated in a parade, busy road, commercial and residential area, LONDON, N |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
Sunday opening - 7 a.m. - 7 p.m. |
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The business is at present operated by the vendor with the assistance of a relative on a full time basis plus 2 full time and 1 part time staff. |
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