Old Established Café in Lincolnshire For Sale

Shopping Centre locality, residential, office and commercial area, Lincolnshire.

Turnover £ 1,800
Price £49,500

Features

Old Established Café

5 STAR HYGIENE RATING
6 DAYS OPENING
FORECOURT WITH SEATING FOR 12 PEOPLE

FOUR FRONTED PREMISES in the region of 1,460 ft² with industrial non-slip floor, suspended ceiling with LED lights, sales counter, 2 cool display unit with refrigerated storage section, cash register, Ice cream freezer, Tables and chairs providing seating for 40 People.

Kitchen, stainless steel extractor unit, griddle, 2 x Deep fryer, 3 microwaves, Oven, fridge, freezer.

First Floor in the region of 580 ft² with Space for additional seating (not utilised)

Toilet with w.c. and wash hand basin.

Staff Toilet with w.c. and wash hand basin.

Stock room, deep freeze

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,800 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor with the assistance of 3 part time staff.

Trading Hours

6 Day week
MONDAY & WEDNESDAY 9am - 1.30pm
TUESDAY, THURSDAY - SATURDAY 9am - 2.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 6 years in 2020 with reviews every 3 years (next review 2026) at a current rent of £6,250 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 24,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote