RECENT PRICE REDUCTION- West Hampstead Cafe
Price:
Leasehold - £10,000
Location:
London, West Hampstead
Business Type:
Food Service Businesses
The premises is a highly visible ground floor café with a wooden interior and basement which can be used as storage or as an extended seating area. The internal area comprises of 14 covers a preparation area and a small kitchen. The lower ground floor area is 473 sq ft and can accommodate further seating (STPP) or can be used as a kitchen and storage area. There is also a Ladies and Gents toilet.
THE BUSINESS
The café currently operates under an A1 user class and offers hot and cold sandwiches, hot and cold drinks, as well as breakfast and lunch.
An incoming tenant could generate more business by refurbishing the premises and extending the menu.
TRADING INFORMATION
Our client has advised that the business currently generates a gross weekly turnover of £1,500. Further trading information will be available after a formal viewing has been conducted.
FIXTURES AND FITTINGS
Soup Warmer
Panini Grill
Display Chiller
Coffee Machine and Coffee Grinder
Standing Drinks Chiller
Cash Till
Toaster
1 x Standing Fridge
1 x Mini Fridge
2 x Microwaves
The business is ideally located in West Hampstead just off of West End Lane (B510). West End Lane is a busy parade with a rich mix of shops bars and restaurants. The West Hampstead Underground (Jubilee Line) and Overground Stations are close to the shop as well bus links located at the front of the shop, destined for Baker Street. Some national covenants in the area include: Pizzas Hut, the Post Office as well as the English National Opera House and a variety of pubs and bars.
We have been advised that the premises is held on a 10 year renewable lease which commenced in 2005. The annual rent passing is £11,000. Formal rent reviews are conducted every 5 years.
BUSINESS RATES
We have been advised by our client that the business rates payable are circa £3,300. This is to be confirmed with the council.
Mon-Sat 8:00am – 8:00pm
Sun - Closed
Licensed to open until 11.00pm
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