Cafe plus Outside Catering Business in Buckinghamshire For Sale

Situated in a parade, excellent main road trading position, residential & office area, BUCKS.

Turnover £ 5,000
Price £140,000

Features

Sandwich Bar & Cafe Plus Outside Catering

NEWLY FITTED 2020

Outside Seating for 7 persons with adjustable canopy

DOUBLE FRONTED CORNER POSITION PREMISES. Air conditioning with hot air. suspended ceiling with fluorescent lighting, ceramic wood effect tiled floor. Tables and chairs providing seating for 25 persons (currently 16). Sales counter with fridge, cash register, cake display fridge, drinks display fridge, 3 deep freezers, 2 group coffee machine, coffee grinder, 2 painini machines, etc.

Staff toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a gross profit of 65% approx. (We are advised 15% of the sales are in relation to outside functions).

Staff

The business is at present operated by a husband & wife team with 1 full time and 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY inclusive 7.30am - 4pm
NO SUNDAY TRADING

Outside

2 Garages one with a cold room

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £9,500 p.a.

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

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