Turnover: £77,000 p.a.
Gross profit: £50,000 p.a.
Nett profit on request
Viewings strictly by appointment only.
Tea Room and Coffee Shop with Garden Terrace on the ground floor with accommodation above, in a well regarded area of north London. The business is being sold as the owner is retiring.
Two years remaining on the current 5 year lease (2018). Lease protected under the Landlord and Tenant Act 1954. The Landlord is willing to agree terms of the future lease if required. Rent £21,000 p.a. for both the shop and accommodation. £11,940 p.a. rental income from the accommodation. Rates £765 p.a.
Set in a prime location overlooking an attractive green, serving the local and surrounding areas, local businesses and 4 local schools.
10.00am – 5.00pm, 5 days per week, Tuesday to Saturday.
Trading since 2008, the current owner took over the business in 2010. Currently trading 5 days per week as a Tea Room and Coffee Shop serving high quality light meals, home made cakes, cream teas, afternoon teas, and refreshments.
The opening hours are a lifestyle choice by the owner so there is great scope for expanding the business by extending the trading period. Turnover could also be increased by holding private functions on Sunday afternoons and weekday evenings. Obtaining an alcohol licence could also be advantageous to the business.
Run by the owner with 5 part-time staff with a wages bill of approximately £300-400 per week.
Ground floor lock-up shop with accommodation above.
Glass frontage comprising of front and rear seating areas with a central counter. Kitchen and preparation area and Cloakroom/W.C. Garden Terrace with rear access. Front area seats 12, rear room seats 14, with the garden terrace providing a further 14 covers. Equipment in the counter area includes a Franke bean to cup Coffee machine, milk fridge, Hot Chocolate and Hot Water machine and two fridges. The kitchen and preparation area includes two Fridges, two Freezers, Combination oven, Microwave oven, Ital pannini grill, Multicooker, Dualit toaster, Soup kettle, and Bosch dishwasher.
One Bedroom duplex flat fitted out to a good standard. Own private front entrance and hallway with stairs to the first floor. Spacious Lounge/Diner and Kitchen/Diner with stairs to the next floor consisting of a Double Bedroom with separate Bathroom. Currently let on a Shorthold Assured Tenancy agreement with a rental income of £995 per month (£11,940 p.a.), but could provide accommodation for the new owner if desired.
Number of Employees: 1-5
Number of bedrooms: 1
Accommodation Details: See business description page
Support & Training: Full handover support will be provided
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