Cafe for Sale in East Finchley

  • Leasehold £300,000
  • £28,000/Annum
East Finchley, London, UK
Featured REDUCED AVAILABLE BUSINESS & LEASE FOR SALE

Cafe for Sale in East Finchley

East Finchley, London, UK
  • Leasehold £300,000
  • £28,000/Annum

Description

Popular Cafe for Sale in East Finchley


Price: £300,000 + SAV | Rent: 28,000/year | Lease: 8 Years | Circa 1355 Sq ft 


MAIN FEATURES

  • Retirement Sale
  • One owner since 1990
  • Very Well Maintained Cafe
  • Busy Location in East Finchley
  • Very Popular Among Locals
  • Open Plan & Fully Fitted Kitchen

LEASE DETAILS

  • Lease: 8 years remaining (Inside the LTA)
  • Rent: 28,000 per annum exclusive
  • Next Rent Review: Dec 2025
  • Rent Review Term: Every 5 years (Capped at 15%)
  • Premium: 300,000 plus SAV (Goodwill, FF&E and Lease benefits)

FINANCIAL DETAILS

  • Current Gross Turnover: Circa £4,000/week
  • Pre-COVID Sales: Circa £6,000/week

PREMISES DETAILS

  • Covers: Circa 60
  • Total Area: Circa 1355 sq ft
  • Planning: Restaurant & Cafe Use
  • Gas with 3-phase electricity
  • Open Plan Kitchen
  • Rateable Value: £35,000 (Payable circa £17,000/year)

LOCATION

  • High Road, East Finchley
  • High Passing Trade
  • Iceland, Sainsbury’s, Cafe Nero nearby

PLANNING & OPENING HOURS

  • Current Opening Hours: 8am – 5pm
  • Permitted Hours: 11am till 12am (Sunday: 10:30pm)

LANDLORD’S REQUIREMENTS

  • 3-6 months rent deposit required (subject to references)

VIEWINGS

Strictly through Restaurant Property Sellers only. Staffs are not aware, hence no approach must be made at any circumstances. Discreet customer visit is highly advised and then afterwards, further arrangement will be made.


DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

  • Address High Road, East Finchley
  • City London
  • Post Code N2
  • Area East Finchley

Details

Updated on March 29, 2022 at 4:54 pm
  • Price: Leasehold £300,000
  • Size: 1350 Sq Ft
  • Covers: 60
  • Use: Cafe & Restaurant
  • Type: CAFES
  • Status: REDUCED, AVAILABLE

Overview

  • CAFES
  • Type
  • 60
  • Covers
  • Cafe & Restaurant
  • Use
  • 1350
  • Sq Ft

Contact Information

RPS_Agent
  • RPS_Agent

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