Modern Burger Bar in Hertfordshire For Sale

End of terrace property, main road trading position, residential area, HERTFORDSHIRE

Turnover £ 2,500
Price £35,000

Features

Modern Burger Bar

6 DAYS OPENING

Outside seating for 6 persons

4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 500 ft² with ELECTRIC SHUTTERS. CCTV (5 cameras). Non slip PVC tiles, spotlights. Menu board.
Customer seating for 5 persons. Sales counter, electric cash register, soft drinks fridge, desserts display fridge, hand wash basin.

OPEN PLAN KITCHEN. Tiled floor, tube lighting. Stainless steel extractor, griddle, 2 double basket deep fat fryers, microwave, 5-pot bain marie, cheese warmer, chip dump, gantry warmer, commercial double door fridge, commercial double door freezer, double sink and drainer, 2 stainless steel preparation tables.

Preparation area

Cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 / £3,000 p.w. with a gross profit of 60% approx. (60% delivery)

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff. We are informed the wage bill averages £500 p.w. approx.

Trading Hours

6 Day week
Tuesday - Sunday - 12 noon - 11 p.m
CLOSED MONDAY
In our opinion having potential to introduce longer opening hours, if desired.


SCOPE TO INCREASE HOURS

Outside

Yard with storage sheds with chest freezer.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2021 with reviews every 3 years (next review 2024) at a current rent of £14,400 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 17,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote