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Reference R8046

Cafe in Essex For Sale

Cafe in Essex For Sale
Cafe in Essex For Sale Buy a Cafe in Essex For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, ESSEX

Turnover £ 5,000
Price £140,000

Features

Well Fitted Café / Restaurant

We understand the Café/Restaurant has a Premises Licence for the sale of wines, beers & spirits, although no alcohol is sold at present. In our opinion there is terrific potential to introduce the sale of wines, beers & spirits, subject obviously to obtaining the necessary Personal Licence.

Front decking area with tables & chairs for 12 persons to -

SINGLE FRONTED SPACIOUS CAFÉ/RESTAURANT with tiled floor, wall & ceiling lighting. Tables & chairs providing seating for 54 persons.

REAR KITCHEN with tiled floor, tiled walls, stainless steel extractor, 4-burner electric hob with oven, double deep fryer, 3 fridges, 4 deep freezers, dishwasher, double sink & drainer, wash hand basin.

Customers' cloakrooms

Turnover

WE ARE INFORMED the turnover is currently in the region of £5,000/£5,500 p.w. in our opinion offering further potential to increase, especially with evening opening, if desired.

Staff

The business is at present operated by the vendor with the assistance of 2 full time & 4 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 5 p.m.
Sunday opening - 8 a.m. - 4 p.m.

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of £18,400 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £5,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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