LOCATION: In one of the most charming and affluent boroughs in North London with its quaint streets, II listed buildings and some of London’s finest greenery of Hampstead Heath being the most popular attraction in north-west London. The town is only a short distance from the city centre. It is served by three stations within close proximity and numerous bus routes with the cafe being positioned just off West End Lane and within a 5 minute walk to West Hampstead Station.
DESCRIPTION: A single fronted 500 sq ft unit which has an 8 cover outside seating. Inside, there is seating for 22 on the solid wood floor with artisan decor in the restaurant. There is a large open plan kitchen with a serving area. To the rear are the wc’s with wash hand basins. The rear door leads to a service area which is part covered and is storage of the fridges and freezers. Alcohol licence recently obtained and is from 11 am to 11 pm.
BUSINESS: Established business taking Between £3,400 and £3,800 pw @ 65% g.p. with an online order service through Deliveroo.
EQUIPMENT: Fully fitted and equipped for the trade including a domestic 5 burner gas cooker, an Ecomax industrial dishwasher, an upright Gram fridge, a large upright domestic fridge, a freezer, 3 small fridges, a small freezer, a Spaziale coffee machine (cost £6,000), a grinder, a Casio Postech till system, furniture, etc.
HOURS: 8 am to 5 pm. Sunday 9 am to 5 pm.
TENURE: 15 Year lease from July 2017 with 4 yearly reviews at rent of £12,500 pa.
COMMENTS: The business is doing quite well but partner split forces sale. Would also suit husband and wife team.
RATES: Small Business Rate Relief (no rates).
PRICE: £95,000 o.n.o. plus stock at valuation (approx £1,500).
VIEWINGS: By appointment only.
NEGOTIATIONS: Strictly through PEGASUS BUSINESS SALES on 020 7935 3939