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Sandwich Bar For Sale

(Ref: R9194)

North London, London, United Kingdom

Financials

Asking price: £35,000

Sales revenue: £62,400

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Photograph of this business for sale
 

Business description
Sunblind to front forecourt raised area with 3 tables and 6 chairs to

ATTRACTIVE SINGLE FRONTED CAFÉ/SANDWICH BAR. Laminated strip floor, high ceiling. Tables and chairs providing seating for 22 persons. Cool display serveover counter.

Open plan kitchen area. The equipment includes upright glass fronted drinks display fridge, 2 group coffee machine, coffee grinder, stainless steel extractor unit with stainless steel cladding to wall, electric griddle, Lincat double deep fryer, electric oven, 1 microwave oven, 2-pot bain marie, chest deep freeze, double panini toaster.

Rear wash-up area with fridge/deep freeze, sink and drainer etc.

Customer's/disabled cloakroom with w.c. and wash hand basin

Employees: The business is at present staff operated. Staff employed 1 full time plus 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Trading hours: Monday - Saturday inclusive - 7 a.m. - 5 p.m. NO SUNDAY TRADING

Property: Leasehold


Lease terms
We understand the premises are held on a secure renewable lease, the present lease having approximately 11½ years unexpired at a rental of £12,250 p.a. exclusive of rates for the next 2½ years, with rent review at that time and thereafter every 3 years. Uniform Business Rates: £1,200 p.a. approx. (after small business relief) PERSONALLY INSPECTED AND HIGHLY RECOMMENDED MUST BE SEEN TO BE FULLY APPRECIATED

Location
Occupying an excellent main road trading position, residential and office area with the benefit of a Tube Station being situated approx. 500 metres away, LONDON, N

Expansion potential
WE ARE INFORMED the turnover averages £1,200 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling
To Include The Secure Lease, Goodwill, Fixtures & Fittings £35,000 Plus Stock At Valuation Substantial Loan To An Approved Applicant

Financing available
Substantial Loan To An Approved Applicant.


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