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OFFERS of £15,000 .O.N.O. INVITED FOR QUICK CASH SALE: HOLBORN Central London Take away

City of London, London
Leasehold Price:
£20,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
242436
Reference
SEBB 109725 / Rightbiz
07825293006

Details

OFFERS ARE NOW INVITED near £15,000 FOR A QUICK SALE FROM CASH BUYER

The business is called Cortinas Lunch and Breakfast Bar situated at 1 Holborn Circus  London EC1N 2HB .The business is currently listed at £20,000 with offers invited for a very quick sale.I recommend you visit the premises and get back to me with any further questions you may have..There has been a sandwich shop here for over 65 years.

There is an upstairs premises and a basement food prep area.

Central London, London

Asking Price:Offers invited

Furniture / Fixtures included

Turnover:

£130,000

Net Profit:

£40,000

Here is an excellent opportunity to acquire a well established lock up central London takeaway shop situated in a prime location. The shop is currently run by the owner, with two staff. There are 6 covers inside, and one outside table. The lease expires in 2024,with a guaranteed tenancy until July 2021 .Thereafter, the landlord can give six months notice.
The rent is £22,500 p.a. and the rates £9,000 p.a. Planning permission has been granted in the past for outside tables.
There is a deposit required . The amount paid by the current owners was £11,000. Turnover is approximately £2,500 p.w. including VAT, which is not payable on all food. The shop is only open a limited number of hours.
The premises are currently open Mon-Friday 7-3pm. 

Offers will be considered for an exceptionally quick sale due to personal reasons.

Property:

 

Leasehold

 

Seller Details
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Listing Details
Leasehold Price: £20,000
Tenure: Leasehold
Marketed By: South East Business Brokers Limited
Sector: Catering Businesses, Sandwich Shops, Take Aways Businesses
Financials
Annual Turnover: £130,000
Annual Net Profit: £40,000
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