Restaurant Cafe in Hackney Central For Sale

Occupying a corner position, main road, LONDON HACKNEY CENTRAL

Turnover £ 10,000
Price £250,000

Features

Fully Equipped Café / Restaurant

Covered front area with space for tables & chairs for 25 persons

SPACIOUS CAFÉ/RESTAURANT with wooden floor, wall & ceiling lighting. Full Gas Fired Central Heating. Tables & chairs providing seating for 40/45 persons. BAR, 1 double door glass fronted counter fridge, sink, 2 group coffee machine, coffee grinder.

Ladies' cloakroom with w.c. & wash hand basin
Gentlemen's cloakroom with w.c. & wash hand basin

LEVEL KITCHEN with non-slip floor. The equipment includes stainless steel extractor system, 1 charcoal grill, 1 6-burner gas cooker, single deep fryer, 4 fridges, 2 small deep freezers, double sink & drainer.

Basement - ideal for storage purposes, 2 storage deep freezers. In addition the basement has potential for private parties if desired.

Turnover

WE ARE INFORMED the turnover averages £10,000 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by a husband & wife team with the assistance of 4 full time & 2 part time staff.

Trading Hours

Monday - Thursday inclusive - 9 a.m. - 10 p.m.
Friday & Saturday - 9 a.m. - 10.30 p.m.
Sunday opeing - 9 a.m. - 9 p.m.

Outside

Yard at rear

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease at a rental of £24,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates 2023: £2,800 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote