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Reference R3094
Situated in a parade, excellent High Street trading position, sought after ESSEX
Turnover £ 10,500
Price
£315,000
Features
Most Attractive Licenced Café & Restaurant
PREMISES in the region of 2,150 ft²
5 STAR HYGIENE RATING.
Tables and chairs providing seating for 50 People can be increase
The business is fully operational and ready for a new owner to take over immediately without any additional investment.
✔ Established customer base
✔ Fully equipped and operational
✔ Ready for immediate takeover
✔ Reasonable offers will be considered for a quick sale
✔ High growth and profit potential
Although the business currently operates between 8:00 AM and 5:00 PM, it holds both an alcohol licence and permission to trade until 11:00 PM. This provides an excellent opportunity for the new owner to increase turnover by extending opening hours, introducing evening dining, a bar concept, or hosting private events.
This business has been built with significant time, effort, and dedication. Unfortunately, due to family commitments, we are no longer able to give it the attention it deserves and have therefore made the difficult decision to sell.
Turnover
WE ARE INFORMED by the owner the turnover currently averages £10,000 - £11,000 p.w. with a Gross profit of 65% approx.
Staff
The business is at present operated by the Husband & Wife team plus 2 daughters, with the assistance of a part time chef & 2 part time staff.
Trading Hours
7 Day week
MONDAY - SUNDAY 8am - 5pm
It will be appreciated upon inspection that there is terrific potential for additional opening hours.
Outside
Parking space for 5 car.
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2024 with reviews every 4 years (next review 2028) at a current rent of £44,000 p.a.
Business Rates from April 2026 £10,000 approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.
An excellent opportunity for anyone looking to invest in a well-established and profitable business with further growth potential..
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £315,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 157,500 (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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