Cafe Restaurant in Middlesex For Sale

Excellent trading position, town centre, MIDDLESEX

Turnover £ 4,500
Price £150,000

Features

Well Fitted Restaurant and Café

DOUBLE FRONTED PREMISES in the region of 825 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with spot and hanging lighting. Bar, EPOS till. Tables and chairs providing seating for 43 People, CCTV system (10 cameras, 1 monitor), Fire Alarm, sound system

Rear terrace overlooking the river with heaters.

Kitchen, stainless steel extractor unit, Gas 6-burner Cooker, Deep fryer, deep fryer (2 pan), charcoal grill, griddle, Oven (commercial / convection), 2 fridge, drinks fridge, dish washer.

Walkin coldroom.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 - £5,000 p.w. with a Gross profit of 65% approx. (50% VIA PORTALS) with huge potential to increase with the sale of alcohol.

Staff

The business is at present operated by the vendor part time with 3 full time staff and 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - 11pm

Have applied for a 1.30am licence

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £25,000 p.a. + VAT

Business Rates from April 2023 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote