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Reference R8077

Cafe Restaurant in Letchworth Garden City For Sale

Cafe Restaurant in Letchworth Garden City For Sale
Buy a Cafe Restaurant in Letchworth Garden City For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, HERTFORDSHIRE LETCHWORTH GARDEN CITY

Turnover £ 3,000
Price £45,000

Features

Attractive well Fitted Licensed Café / Restaurant (catering For Breakfasts, Lunches, Teas & Coffees)

We understand the premises have A3 use

Front area with space for 5 tables & 15 chairs to -

ATTRACTIVE & SPACIOUS CAFÉ/RESTAURANT (can be open front - weather permitting). Quality tiled floor. Tables & chairs providing seating for 42 persons. Curved cool display serveover counter with refrigerated storage section, ice cream display section, 2 group coffee machine, coffee grinder, electronic cash register.

LEVEL KITCHEN with non-slip floor, double door glass fronted counter fridge, glasswasher, stainless steel extractor with stainless steel cladding to cooking area plus plastic cladding to non-cooking area, double panini toaster, electric fan assisted oven, commercial double griddle, commercial twin deep fat fryers, commercial double hot plate, 2 commercial microwave ovens, dishwasher, double sink & drainer, 3-door refrigerated stainless steel counter fridge with refrigerated section for toppings, upright deep freezer, upright stainless steel fridge, stainless steel table etc.

Stockroom with 2 small chest deep freezers

Disabled cloakroom with w.c. & wash hand basin
In addition there is a staff cloakroom with w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 75%.

Staff

The business is at present operated by the vendor with the assistance of 2 full time & 2 part time staff.

Trading Hours

Monday - Saturday inclusive - 9.30 a.m. - 5 p.m.
Sunday 10 a.m. - 3.30 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in April, 2021 at a rental of £22,500 p.a. exclusive of rates.

Uniform Business Rates: £6,990 p.a.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (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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