Licensed Cafe Restaurant in Crediton For Sale

Situated in a parade of shops, sought after market town TIVERTON, DEVON

Turnover £ 5,500
Price £100,000

Features

Licensed Café / Restaurant (catering For Breakfasts, Lunches, Snacks, Teas & Coffees)

Forecourt area with space for 3 tables and 10 chairs to -

SPACIOUS CAFÉ/RESTAURANT with woodstrip floor. Granite topped tables plus chairs providing seating for 40 persons. Cool display counter, 2 group coffee machine, coffee grinder.

LEVEL KITCHEN with tiled floor. The equipment incudes grill, 3 microwave ovens, double deep fryer, double flat grill, panini toaster, bain marie, 1 stainless steel fridge etc.

STAIRS TO FIRST FLOOR additional seating area with tables and chairs for approximately 35 persons.

Ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin
Office plus storeroom

Turnover

WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

Staff

At present operated under management. Staf employed 1 full time manager plus 2 full time and 1 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 5 p.m.
Sunday opening - 9 a.m. - 3 p.m.

Outside

Yard at rear with parking space for 1 car plus 1 additional parking space at a rental of £250 p.a.

Tenure

We understand the premises are held on a secure renewable lease, the present until 2023 at a rental of £19,000 p.a.

The Landlord happy to grant a new longer lease, subject to terms

Uniform Business Rates: £5,600 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote