Modern Décor Cafe in Newington Green, London

Nationwide brings to the market this MODERN DÉCOR CAFE, SANDWICHES, PASTRIES & GELATO. Situated in a parade, prominent trading position, residential, office and commercial area, NORTH LONDON.

6 DAYS OPENING

NEWLY FITTED business established 6th August, 2020

SINGLE FRONTED PREMISES in the region of 250 ft² with Victorian awning, shop-front window used as a display for sandwiches, pastries and so on. Woodstrip floor, Avant Garde lighting system, Gentrified shop interior design (predominantly bare brick, wood, and metal exposed). New air conditioning unit, bread and pastries oven, new 2 group Espresso machine (under warranty), open front display drinks fridge, new double panini grill, electric rise and drop salamander grill, ice machine, new double door freezer, new upright fridge, 2 single door upright freezers, new horizontal worktop fridge, new salad fridge, new air extraction system, new 14 pan ice cream display freezer, new sandwich preparation stainless steel work ben, storage cupboards, rear storage racks for packing, cups, 30 litre instant hot water system

Basement, used for storage purposes

Staff toilet with w.c. and wash hand basin

Turnover : WE ARE INFORMED by the owner the turnover currently averages £230,000 per year with a gross profit of 65% approx. Potential to increase income to £336,000 by including:

1. 7-day opening week to an income potential increase by £33,000 (based on current earning averages)
2. Delivery apps. £73,000 per year

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT. (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £85,000 (R9992)

www.NationwideBusinesses.co.uk