Cafe Restaurant in Leicestershire For Sale

Situated in a parade, excellent trading position, opposite a club, city centre, LEICESTERSHIRE

Turnover £ 4,000
Price £85,000

Features

Old Established Cafe Restaurant

5 STAR HYGIENE RATING
6 DAYS OPENING
FORECOURT WITH SEATING FOR 16 PEOPLE

DOUBLE FRONTED RESTAURANT in the region of 915 ft² with tiled floor, hanging, cool display counter with refrigerated storage section, EPOS till, 2 LED Menu Boards, , Coffee Machine (2 Group), 2 coffee grinders, juicer, cake display fridge, open cool display unit (1.2 metres).

Tables and chairs providing seating for 10 People
First floor in the region of 260 ft² has additional seating for 20 people.

Ground Floor Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), electric oven, painini machine, 2 microwave, fridges, freezers, preparation tables

Wash Room, dishwasher, double sink and drainer.

First Floor Toilet with w.c. and wash hand basin.

Second floor in the region of 260 ft² used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 65% approx. (No portals)

Staff

The business is at present operated by 1 full time & 2 part time staff.

Trading Hours

6 Day week
TUESDAY - FRIDAY 9am - 6pm
SATURDAY & SUNDAY 10am - 6pm

Outside

Rear garden with Shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2020 with reviews every 3 years at a current rent of £11,400 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms to be agreed with a starting rent of £12,000.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote