Licensed Cafe Restaurant in Colchester For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, ESSEX. COLCHESTER

Turnover £ 3,500
Price £69,995

Features

Licensed Cafe Restaurant

6 DAYS OPENING

OUTSIDE SEATING FOR 4 persons

SINGLE FRONTED PREMISES in the region of 830 ft². Tiled floor, suspended ceiling with fluorescent lighting. Tables and chairs providing seating for 70 persons. Sales counter, Casio cash register. Tables and chairs providing seating for 70 persons.

Toilet with w.c. and wash hand basin

OPEN PLAN KITCHEN. Stainless steel extractor unit, Electric cooker, 2 griddles, 3 deep fryers, 4 commercial microwave ovens, 4 pot bain marie, 1 fridge, 2 fridge/freezers, 1 drinks fridge, 2 upright freezers.

Stockroom - 4 freezers.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500/£4,000 p.w. with a gross profit of 65% approx. (25% sales via Just Eat)

Staff

The business is at present operated by a husband & wife team with the assistance of 3 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 8 a.m - 4 p.m

Outside

Rear yard

Toilet with w.c. and wash hand basin.

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 2017 with reviews every 5 years (next review 2027) at a current rent of £17,500 p.a.

Business Rates from April 2023 £1,809 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1999 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,995 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,998 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote