Well established profitable Coffee Shop and Bakery with A3 license for sale in North London Ref No: G164166
Location: Well established coffee shop and bakery with A3 License near to the bus stop and walking distance to the underground train station and in the center of new developments situated in a parade and a large residential area. Off-street car parking available.
Overview: The shop has a Good décor with Tables & chairs providing seating for 35 covers. Full fledge kitchen area with fridge and washing area with tiled floor & tiled walls. The equipment includes a coffee machine, coffee grinder, stainless steel counter fridge, chiller, double sink, wash hand basin, etc. There is a lot of seating space outside the shop which can be used during summer or when required. The shop is very popular in the area and has a very good footfall and loyal customers, it has almost 5 stars rating on Tripadvisor. Currently, the business is serving coffee, hot food. Panini, pasta and sandwiches, etc.
Turnover: Around £6000 p.w
Potential: The shop Can be significantly increased by extending the working hours and new menu adding to serving meals. It can also start using the delivery services of Deliveroo, Justeat, and Uber eats.
Staff: At present operated by the vendor with the assistance of 2 full-time and 1 part-time.
Tenure: Leasehold with 14 years lease remaining (Renewable lease), Rent review every 5 years.
Rental: £15,800 P.A.
Rates: Small business rates relief.
Goodwill: To Include the Secure Lease, Fixtures & Fittings: £149,500 Plus stock as per valuation.
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