For Sale

Newly Refurbished Cafe and Takeaway

London, City of London

£34,950 +SAV

Ref: 14863 F

Contact sales negotiator

Hannah Hargreaves

01204556311

Email Hannah Hargreaves

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Description

Hilton Smythe are delighted to present to the market Maria's Cafe, established by our client in late 2017 and reluctantly offered for sale due to personal health issues.



Our client informs us she has invested approx. £85,000 in a complete transformation of the shop unit, ensuring both the equipment and decor standard adhere to all food hygiene guidelines resulting in a A3 cafe which will last for many years to come.



Our client’s menu offers freshly cooked breakfasts, sandwiches, toasties, omelettes, jacket potatoes, burgers, salads including traditional classics including lasagnes, roast chicken lunches, fish and chips and curries. There is also an extensive desert menu, bean to cup coffee menu and large choice of cold drinks.



50% of turnover is from eat in customers and 50% from takeaway orders.



Currently run on limited hours, there opportunity to increase both hours and days, add an evening bistro menu with alcohol licence, add deliveries through Just Eat and Deliveroo, a new website and Facebook pages.



Due to the high level of investment and low price wanted for this business, Hilton Smythe advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised leasehold with 6 years remaining on the original 10 year lease, and the annual rent is £20,000.

Hours

Currently only trading 8.00am – 4.00pm Monday to Sunday.

Staff

The business is run and managed by the owner and 2 members of staff.

Financial Profile

Currently averaging at £1,000 per week, £700 weekly gross profit and £400 adjusted net profit. Assets in region of £85,000.

Location

Maria's Cafe is located on the busy high road in Willesden, North London. The business sits alongside a busy road of independent retailers, Sainsbury's, a medical centre and directly across Genesis Housing Association offices.



The A407 connects directly onto the North circular.



The nearest tube station is Doris Hill, and main bus terminal is a 2 minute walk away from the business and there is metered pay and display parking directly outside.

Premises

A3 premises approx. 44m2 in size.



Premises includes;

32 covers

New tiled flooring

New tables and chairs

New decor and local artwork on walls

Sony 50-inch wall mounted TV



Open plan service area/ kitchen;

Upright drink fridge

Semi-automated coffee machine and grinder

Lincat hot water boiler

Under counter fridge

Bain Marie double fryer

Large grill

Electric oven

Large extraction unit

Commercial microwave

Toaster



The premise has a small office.



Rear storeroom;

3 chest freezers

1 x upright fridge

Storage shelving

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