Italian Cafe Restaurant in Hertfordshire For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Hertfordshire.

Turnover £ 3,250
Price £70,000

Features

Licensed Italian Café Restaurant

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

DOUBLE FRONTED PREMISES in the region of 1,025 ft² WITH ELECTRIC SHUTTERS AND CANOPY. Vinyl floor, LED lights, glass display sales counter, EPOS till, 2 fridge, Tables and chairs providing seating for 32 People (can be expaned), coffee grinder, Coffee Machine (2 Group),

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), pizza oven (2-deck), toaster, 3 x microwave, grill, 2 x fridge, 2 x freezer, dishwasher, double sink and drainer, sink, hand wash sink.

Disabled access Toilet with w.c. and wash hand basin..

Walkin coldroom.

Office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 - £3,500 p.w. with a Gross profit of 65% approx. (£200 online orders)

Staff

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

Trading Hours

5 Day week (11.30pm Licence)
TUESDAY - SATURDAY 10am - 4pm

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2006 with reviews every 5 years (next review 2029) at a current rent of £24,000 p.a.

Business Rates from April 2025 £980 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS, QUICK SALE £70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote