Licensed Cafe (full on licence) in Essex For Sale

End of terrace property, excellent main road trading position, residential, office and commercial area, ESSEX

Turnover £ 4,500
Price £75,000

Features

Licensed Cafe and Kebab House (full On Licence)

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 1,000 ft² WITH SHUTTERS & canopy. Tiled floor, sales counter, cash register. Tables and chairs providing seating for 70 persons.

OPEN PLAN KITCHEN. Stainless steel extractor unit, 7-burner gas cooker, fridge, 4 freezers, 2 microwaves, 2-deck pizza oven, 2 kebab machines, griddle.

Ladies' & Gentlemen's Toilet with w.c. and wash hand basin

Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the lady vendor with 4 full time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 7am - 7pm
SATURDAY 7am - 7pm

Accommodation

THE SELF CONTAINED Flat with HMO LICENCE, Gas Fired Central Heating, Double-glazed windows, comprises:

5 Bedrooms (2 doubles, 3 Singles)
Kitchen
Lounge
2 x Bathrooms with bath, w.c. and wash hand basin

Outside

Rear yard with storage

Tenure

The Vendor owns the freehold and subject to satisfactory references is prepared to grant a new SECURE RENEWABLE 15 years full repairing and insuring lease with rent reviews every 3 years at a rent of £40,000 p.a. for the first 3 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR 2006 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £975,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote