Restaurant & Cafe for Sale in Willesden Green

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Rent: £19,250 PAX | Circa 626 Sq. Ft | Lease: Ending Jan 2028 (Inside the Act)

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MAIN FEATURES

• Modern Decor and Excellent Condition
• Fully Fitted & no Further Work Required
• Net profit of £76,059 (May 2021) & £88,782 (May 2020)
• Trading as Cafe & Restaurant
• No Gas, Electric Only
• Basement Storage

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LEASE DETAILS 

• Lease Ending Jan 2028 (Inside the Act)
• Rent: £19,250 PAX
• Rent Review Term: Every 5 years
• Next Rent Review: Jan 2023
• Premium: £195,000 (Goodwill, Lease & fixtures & fittings)

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PREMISES

• EPC Rating: TBC
• Total Area Circa 626 Sq. Ft
• Benefits form Extraction
• Three Phase Electricity Supply but not used
• Pizza Oven in Place
• Covers: Circa 28 + Outdoor: 6
• Rateable Value: £14,250 (Eligible for Business Rate Relief)
• Premises Licence: TBC
• Permitted Opening Hours: TBC
• Owner Car Park: 01

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THE LOCATION

• Willesden Green, NW2
• 0.1 Mile from Willesden Green Underground
• Busy Road with Passing Trade
• Immediate Units Occupied by National & Independent retailers

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TRADING

• Turnover: Gross £580,000 (Year Ending May 2021)
• Net profit of £76,059 (May 2021) & £88,782 (May 2020)
• Current Trading Hours: 9am to 10:30 pm | Tuesday Closed
• UberEATS, Deliveroo & JustEat
• Excellent reviews across all platforms

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REASON FOR SALE

• Commuting & Retirement 

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LANDLORD’S REQUIREMENT

• Rent Deposit Required (subject to references)
• Bank, Trade & Accountant’s Reference required
• Evidence of financial credibility

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VIEWINGS & CONFIDENTIALITY

All interested buyers must agree Non-Disclosure Agreement with our company due to the “Confidentiality” requested by the client. Viewings are strictly through Restaurant Property Sellers only. By using our website, you agree with our Terms & Conditions.

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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.