Under Offer
Well presented cafe opportunity for sale`
London, Greater London
- Asking Price: £49,995 +SAV
-
Turnover:
Asset sale. Further information can be made available.
- Tenure: Leasehold
Please quote reference B07446
CoGoGo are delighted to welcome to the market Naidu, a highly rated and well established cafe business in Newington Green, London.
The businesss opportunity was originally established in 2018, before our client took over in June 2023 and rebranded it to Naidu.
The business has now come to the open market due to other circumstances.
The business isn't currently open, and therefore is being sold as an asset sale.
Key selling points -
- Excellent location
- Modern and bespoke décor
- Secured 10 year lease
- Would suit a partnership or family run business
- Re-opening
- Embark on modern marketing campaigns and local deliveries
N/A
N/A as the business isn't currently trading.
The business occupies a highly desired trading position along Green Lanes, Newington Green
The busy parade of shops provides an abundance of footfall.
There is ample parking within the proximity along with pay and display car parking facilities.
The premises were renovated in 2018 with bespoke décor and lighting.
Upon entrance is the main service area with customer WC.
At the rear of the premises is the fully equipped commercial kitchen and storage area.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £20,000 per annum.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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