DESCRIPTION: This well known and established Coffee/Sandwich Bar business is for sale located in the heart of Southgate which has been trading for over 9 years. In our opinion the business offers a tremendous opportunity for a owner/operator to expand this already profitable business by further increasing the opening times and opening on a Sunday/ Bank holidays. Furthermore we feel that further expansion is applicable by promoting the catering side of the business which we feel there is a demand for because of the various offices and businesses located on the High St. Further benefits include regular custom as well as passing trade, Bi-Fold doors to the front as well as potential to have outside seating area
PREMIUM: £60,000 for the benefit of the lease, fixture & fittings
TERMS: By way of assignment approximately 4½ years remaining
RENTAL: £22,000 per annum
BUSINESS RATES: We have been advised by our client the current business rates payable are £7,000 per annum. However, all interested parties are encouraged to make their own enquiries with London Borough of Enfield.
OPENING TIMES: Monday - Friday 08.00 a.m to 17.00 p.m & Saturday 08.30 to 14.00 p.m
SIZE: Approximately 640 sq ft
TURNOVER: Current turnover in the region of £96,200 per annum & tremendous scope to increase turnover with longer hours and increase wholesale deliveries.
STAFF: Family run
LEGAL COST: Each party is to bear their own legal cost. Freeholders cost to be paid by in-coming tenant.
LOCAL AUTHORITY: Enfield
ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 73 - C Rating. A copy of this property’s energy performance certificate can be viewed at www.london-properties.co.uk as a pdf file.
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Through London Properties by appointment only
Number of Employees: Family Run
Well Established coffee/sandwich shop located in a Parade of shops on Chaseside in Southgate, close to local shops, supermarkets (Asda, Tesco Express) and banks (Natwest, Halifax, Bank of Cyprus). Southgate Underground Station (Piccadilly Line Zone 4) is a short walk away with local bus services close to hand, meter parking with local side road free parking.
By way of assignment approximately 4½ years remaining
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