Lease terms: The property is held by good value of a 15 year full repairing and insuring lease expiring in 2022. Passing rent is £8,500 per annum.
The target market for this café is individuals and couples of all ages, including nearby working people.
Da Vincenzo is the previous name of the café a well-established Italian cafe/delicatessen in East Finchley. The present owners have had the business since 2002, only now it is being placed on the market due to the clients desire to focus on separate projects. Da Vincenzo is a very busy cafe based on Fortis Green Road, East Finchley. The business is situated next to an estate agent in a small parade of shops, near a busy junction and opposite a bus stop. The business has a well-established client base and good passing trade.
Premises
The property is arranged over the ground floor then kitchen/open grill to the rear, and further kitchen facilities to the rear , internal storage and WC facilities and managers office.
GROUND FLOOR RETAIL ZONE A 33.54m2,
GROUND FLOOR RETAIL ZONE B 14.99m2,
GROUND FLOOR KITCHEN 10.40m2
BASEMENT PUBLIC TOILETS 2.94m2
BASEMENT INTERNAL STORAGE 33.39m2
TOTAL 95.26m2
Shop frontage approx 8m wide.
Ground Floor set up with serving to the immediate far left upon entry (storage/food prep) with seating well placed throughout for up to 28 people. Kitchen to the rear with outside access to rear service road.
The cafe is in very good internal condition as it has been recently refurbished to a high standard by the current owner, therefore I don’t need to do any major re-decorating at present.
The business benefits from full A3 use and Alcohol license as well as from a wide shop frontage and a good mix of internal and external seating for customers.
There is a fully equipped kitchen to the rear and a large basement currently used for public toilets and storage although I would develop the basement into further seating.
Fully air-conditioned throughout the café.
Trade
The business currently trades as a Sandwich shop and café with a strong Italian “flavour” to the menu. I will alter the menu slightly and introduce some Kosovan specialities.
Staff This café is currently staffed by 2 full time including the owner and 2 part time staff. I will have my partner, myself and my mother who will also be responsible to bake some of the Kosovan specialities.
Competition Café Deluxe is positioned on an excellent busy street with little direct local competition. Its situated next to an estate agent and a hairdresser and many other shops around. It’s also situated close by a cross road whereby there will be many passers by. This location has very good and consistent foot flow with a good mix of business and residential passing trade.
Trading hours are Mon - Sat: 9.00am - 6.00pm Sun: Closed.
Leasehold Original lease length: 15 years. Remaining lease length: 12 years. Review every: 5 years. Rent: £8
Living Accommodation
Property Details Full A3 Licence. Ground Floor Large customer area. Wooden floor. Wooden tables and chairs. Seating for 20 people. Shelving on two sides. 2 x large glass display counters. 2 x electronic cash registers. 3 x refrigerators. Microwave oven. Coffee machine. Sink and cupboards. Hallway with 3 x refrigerators. WC. Storeroom. External Car parking to rear.
The property is in an area administered by the local council Rates payable currently £9,000 p/annum.
Marketing strategy
Financing the Business