Well Equipped Café / Restaurant (Cakes, Rolls, Light Lunches, Salads, Snacks, Teas and Coffees)A3 Use for Sale
Situated in a parade, town centre position, SOMERSET
SPACIOUS SINGLE FRONTED RESTAURANT refurbished approx. 2 months ago. Tiled floor, suspended ceiling with hanging lighting. Tables and chairs providing seating for 70 persons. Counter, electronic cash register, automatic coffee machine, steamer, small counter fridge.
Stairs to first floor commercial kitchen with dumb waiter to ground floor, new flooring, mainly stainless steel eqiipment including electric hob and oven, pizza oven, dishwasher, steamer, refrigerated making table, upright double door stainless steel fridge, dough mixer, food mixer, stainless steel tables, work surfaces etc.
WE ARE INFORMED the turnover currently averages £2,700 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Gross profit 65% approx. We are further advised that the turnover year ending 30th September, 2011 showed £116,091.
The business is at present operated by 1 of the partners with the assistance of 5 staff plus 1 Saturday part time staff. It will be appreciated upon inspectiion that with an active husband & wife team, the wage bill could be reduced.
We understand the premises are held on a secure renewable lease having approximately 7 years unexpired at a rental of £12,000 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.
Uniform Business Rates: £4,900 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 or near offer plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Please call 020 8763 1777 for an appointment to view