Thriving Café And Coffee Shop In Totteridge London For Sale

Business description

Preferred Commercial is delighted to offer for sale this thriving café and coffee shop, which was established in 2003 and which is only now being offered to the market due to our client's other business interests. The business trades 6 days a week and generates a turnover in the region of £130,000 per annum with a gross profit of 67%. Oak Caffe offers an extensive range of quality fresh breakfast and lunch meals, along with hot and cold beverages. The café can be privately booked and can cater for parties, functions and barmitzvahs. We feel there is scope to extend the opening hours and perhaps open in the evenings. There is also the opportunity to embark on a modest marketing campaign and offers an outside catering service. The business is well-supported by the local community and is renowned for its quality food and service. There is a website in place advertising the business and services provided. The premises are well-equipped to suit the trade and have been fitted to a high standard throughout. This is an ideal opportunity to acquire an already busy café with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 10 years
Remaining: 9 years
Review: every 5 years
Rent: £24,000 per annum

Leasehold rent:

£24,000 per annum

Location:

Oak Caffe occupies substantial corner ground floor lock-up premises, ideally located in a prominent trading position on a busy junction of A1000 in Totteridge, North London. The business enjoys ample on-street parking and is surrounded by a wealth of complementary national and independent shops and businesses. The business is situated in the centre of a densely populated residential area and enjoys a high footfall with much passing trade. There are a number of amenities in the area including 2 primary schools. The area is well-served by public transport links with a bus stop adjacent to the property and a tube station within easy walking distance. Totteridge is an affluent commuter area of north London and is a desirable place in which to live and work. The M1 motorway lies 4 miles to the west, while the City of London lies 10 miles to the south.

Premises details:

Substantial corner ground floor lock-up café premises on a busy road junction. Briefly comprising:

Ground Floor
• Café area with tables and chairs for up to 30 covers, dumb waiter, service counter, electronic cash register, coffee machine, coffee grinder, double door chiller, single door freezer, wine racks and sink unit

Lower Ground Floor
• Commercial kitchen with 6-burner gas hob and oven, charcoal griddle, double fryer, double bowl commercial sink, 3 x stainless steel work surfaces, upright freezer, 2 door chiller, Panini machine, 3 x microwave ovens and dumb waiter
• Ladies and gents WCs with wash hand basins
• Rear store with ice cream freezer and chest freezer
• Dry store

External
• Additional 12 covers to front

Business Operation

Trading hours:

Mon - Sat: 8:00am to 6:00pm
Sun: Closed