Traditional Cafe in Huntingdon For Sale

Shopping centre locality, prominent trading position, residential, office and commercial area, CAMBS. HUNTINGDON

Price £59,950

Features

Well Established Traditional Café

ESTABLISHED 1990

COVERED FORECOURT WITH SEATING FOR 24.

4* HYGIENE RATING

SINGLE FRONTED PREMISES. Wood strip floor, ceiling with spotlights & fan. Tables and chairs providing seating for 30 persons (can be increased). Sales counter.

OPEN PLAN KITCHEN AREA. Stainless steel extractor unit, 4 ring electric cooker, microwave, grill, toaster, double sink and drainer, 1 fridge, 2 freezers, 1 fridge/freezer, 2 cooler fridges, push button coffee machine, Espresso machine.

Toilet with w.c. and wash hand basin

Turnover

WE UNDERSTAND THE VENDOR enjoys a good turnover, full details will be disclosed upon inspection.

Staff

The business is at present operated by the vendor with the assistance of 5 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 9 a.m - 5 p.m
SUNDAY 10 a.m - 4 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from private landlord, granted for 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £11,000 p.a. In addition we understand there is a Service charge of £4,700 p.a. approx.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 BUT THE SAME FAMILY FOR OVER 30 YEARS, AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £59,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote