Cafe & Wine Bar in Lowestoft For Sale

Situated in a parade, excellent trading position, commercial area, LOWESTOFT, SUFFOLK LOWESTOFT

Turnover £ 1,250
Price £25,000

Features

Licensed Cafe Plus Bar with Full On Licence

FORECOURT WITH SEATING FOR 4 PERSONS

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES PREMISES in the region of 1,100 ft². DOOR. Tiled floor, wooden ceiling with fluorescent lighting. Stainless steel extractor unit, grill, oven, 2-pan deep fryer, microwave. Tables and chairs providing seating for 20 persons. Cash register, 2 cool display counters with refrigerated storage sections, Coca-Cola fridge, 2-2 group coffee machines

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Storeroom with 3 freezers

2 small stockrooms

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,250 p.w. with a gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by a husband & wife team plus their daughter as required

Trading Hours

7 Day week
MONDAY - SUNDAY 8.30 a.m - 5 p.m

Tenure

The private landlord owns the Leasehold and subject to satisfactory references is prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £6,000 p.a. for the first 4 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2007 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £25,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 12,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote