Lucrative Café in Middlesex For Sale

Situated in a parade, busy road, MIDDLESEX

Turnover £ 15,000
Price £270,000

Features

Lucrative Café

5 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 12 PEOPLE

DOUBLE FRONTED PREMISES in the region of 950 ft² WITH CANOPY, laminated strip floor, suspended ceiling with spot and LED lighting, cool display counter with refrigerated storage section, EPOS till. Tables and chairs providing seating for 60 People, CCTV system (16 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 6-burner), grill, bain marie, 3x microwave, 3x fridge, 3x freezer, stainless steel preparation table, triple sink and drainer.

Walkin coldroom
Walkin freezer.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor on a part time basis with 5 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 7am - 3pm
SATURDAY 9am - 3pm
SUNDAY 9am - 3pm

Outside

Rear yard with Parking space for 3 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £20,000 p.a.

Business Rates from April 2024 £329 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME FAMILY SINCE 2004, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £270,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 135,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote