Cafe in Middlesex For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, MIDDLESEX

Turnover £ 3,500
Price £90,000

Features

Halal Cafe (with Full A3 Use)

CONNECTED FIRE ALARM

5 STAR HYGIENE RATING

Front pavement area providng space for 5 tables and 10 chairs (weather permitting).

Attractive double fronted PREMISES in the region of 470 ft² low voltage lighting. CCTV system (4 cameras, 1 monitor). Air conditioned. Tables and chairs providing seating for 18 persons. Cool display counter with refrigerated storage section, EPOS till.

OPEN PLAN KITCHEN AREA, stainless steel extractor unit, gas griddle, panini machine, 2-pan deep fryer, 3 microwaves, juicer, 2 deep freezers, fridge, 2 group coffee machine.

Toilet with w.c. and wash hand basin

Small stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500/£4,000 p.w. with a gross profit of 65% approx. (£500 via online portals)

Staff

The business is at present operated by the vendor with 2 full time staff employed.

Trading Hours

7 Day week
MONDAY - SATURDAY 8 a.m - 5 p.m
SUNDAY 9 a.m - 5 p.m

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £14,500 p.a. plus VAT. In addition we understand there is a Service charge of £2,000 p.a. approx. plus VATfor insurance, bins, security.

Business Rates from April 2023 £500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2009 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote