Finchley central A3 Cafe For Sale
Price:
Leasehold - £80,000
Location:
London, Finchley Central
Business Type:
Food Service Businesses
DESCRIPTION
The premises is arranged over the ground floor,upper parts and basement. The ground floor trading accommodation is a large open plan eating area and kitchen, with Ladies and Gents toilets. There is a kitchen and ancillary storage spaces at the rear and further storage in the basement.
ACCOMMODATION
The first and second floors comprises of a recently refurbished flat with 5 bedrooms- 2 large rooms at £140/wk and 3 regular rooms at £110/wk. There is a communal kitchen and a lounge with 2 WC’s and 2 bathrooms. The rooms generate a rental income of £28,000 pa.
THE BUSINESS
The business operates under an A3 user class and serves a variety of hot and cold drinks, hot lunches, grilled foods, salads and desserts.
The premises would be ideal for a new or an experienced operator to start trading immediately. The opportunity exists for an incoming purchaser to build on this turn-key operation and possibly introduce a delivery service.
The café is located on Ballards Lane (A598) in Finchley Central on a mixed secondary parade.
The area benefits from bustling parades, a rich mix of convenience shopping which is surrounded by affluent residential areas. There are excellent transport links within close proximity to the premises which is easily accessed via the North Circular Road (A406) and the M1. Close to the café is Finchley Central Underground Station (Northern Line) and good bus links. The unit is close to many local and independent covenants including KFC, Nationwide and Superdrugs.
The annual rent passing is £32,000 with 8 years remaining on the term. We have been advised by the owner that the lease is within the act and renewable at the end the term. Formal rent reviews are conducted every 4 years.
Our client has advised that the business currently generates a gross weekly turnover of £2,500 and t
The first and second floors comprises of a recently refurbished flat with 5 bedrooms- 2 large rooms at £140/wk and 3 regular rooms at £110/wk. There is a communal kitchen and a lounge with 2 WC’s and 2 bathrooms. The rooms generate a rental income of £28,000 pa.
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Business Services that may be of Interest:
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