Old established Café in Middlesex For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, close to school, Middlesex.

Turnover £ 1,800
Price £45,000

Features

Old Established Café - A3 Premises

5 DAYS OPENING
FORECOURT WITH SEATING FOR 8 PEOPLE
5 STAR HYGIENE RATING.
3 PHASE ELECTRICS

DOUBLE FRONTED PREMISES in the region of 650 ft² WITH ELECTRIC SHUTTERS, suspended ceiling with spot lights, laminated strip floor, sales counter, cash register, small fridge, bain marie (3-pot), water heater, Coca-Cola fridge, Tables and chairs providing seating for 44 People, CCTV system (4 cameras, 1 monitor).

Kitchen, stainless steel extractor unit, Electric Cooker, induction hobb, 2x microwave, deep freeze, 2x fridge, preparation table, double sink and drainer, potato peeler, sink, etc.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,800 p.w. with a Gross profit of 65% approx. (£300 online sales)

Staff

The business is at present operated by the Husband & Wife team

Trading Hours

5 Day week
TUESDAY - SATURDAY 11.30am - 5pm

Outside

Rear yard

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 2020 with reviews every 5 years (next review March 2025) at a current rent of £19,000 p.a.

The Purchaser is to be responsible for the Landlord's costs.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote