Outstanding opportunity to acquire an old established Café catering for breakfasts, snacks, teas, coffees, rolls, sandwiches etc in our opinion offering tremendous potential for further development, especially with roasts, lunches etc.
Full Gas Fired Central Heating
SINGLE FRONTED MEDIUM SIZED CAFÉ with tiled floor. Tables and chairs providing seating for 20 persons. Counter, cash register, hot display cabinet plus additional display cabinet, 2 toasters, 2 fridges, sink and drainer.
Rear kitchen with 4-burner gas cooker, griddle, small stainless steel extractor, deep freeze, fridge, double sink and drainer.
Large basement for storage purposes
Turnover
WE ARE INFORMED the turnover averages £1,500/£2,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. The college close by is in the course of being rebuilt and we understand is due for completion in September, 2010. We further understand that this will accommodate approximately 5,000 students, providing in our opinion further potential for the business in the future.
Staff
The business is at present operated by a husband and wife team with the assistance of 1 part time staff.
Opening
Hours
Monday - Saturday inclusive - 6 a.m. - 3.15 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is terrific potential for additional opening hours.
Accommodation
The accommodation situated on the first floor with FULL GAS FIRED CENTRAL HEATING comprises:
3 Rooms (2 doubles, 1 single)
Fully tiled bathroom with bath, w.c. and wash hand basin
The 3 rooms are at present let and provide a rental income of £180 p.w. however, we understand that vacant possesion can be given on completion, if required.
Outside
Yard at rear, in our opinion providing scope to develop as a patio area with additional tables and chairs, if desired.
Tenure
We understand the premises are held on a new 15 years lease from September, 2009 at a rental of £11,500 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £1,600 p.a. approx. (after small business relief)
THIS OLD ESTABLISHED CAFÉ HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND IS NOW SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
REALISTICALLY PRICED FOR EARLY SALE
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Reference
R9867
Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.
