Sold. Cafes Business For Sale

Well established Restaurant ,Cafe and Delicatessen
Ref.AC336
Location North West London
Asking Price GBP 500,000
The company is involved with developing an integrated site to contain a 126 sq.m. Restaurant, a 43 square meter. Delicatessen, a 50 sq. m. Commercial Kitchen and a 34 sq. m. Cafe. It is a family owned company (Ltd.) and internal family changes prevent it completing the development; and hence the opportunity has arisen.

Phase 1 of the development has been completed and comprised the following:
Acquiring the Leases of 3 adjacent shop units, located on the ground floor of a block of flats owned by Brent Council, in a prominent position at the corner of two busy thoroughfares in NW London, and converting them into a unified site fitted-out as a deli, a kitchen and a cafe (all internally linked, dimensions as above). Over GBP 500,000 has been spent on the development so-far.

Phase 2 involves: Building a ground-floor extension, along the backs of the shop units, with a 6m. Frontage to the street (the space at present is occupied by an open yard and a shed). The extension (126 sq. m.) is to house a 62 seat restaurant, customer toilets and an office. Planning Consent has been obtained. Additionally, a 45sq. m. basement requires water-proofing in order to serve as the main storage area for the site.