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Reference R8792

Sandwich Bar & Bakery in Essex For Sale

Sandwich Bar & Bakery in Essex For Sale

Register to see map and to make an appointment Occupying a corner position, end of parade, busy road, residential area ESSEX

Turnover 3,200
Price 68,000

Features

Sandwich Bar / Retail Bakery

PARKING AT SIDE FOR 2 CARS

3 windows to SPACIOUS SANDWICH BAR/RETAIL BAKERY with tiled floor, spotlighting plus hanging lighting. Well equipped including cool display serveover counter, open cool display unit, Bean-to-Cup coffee machine (on lease/purchase to be taken over), double panini toaster, griddle, 2-burner electronic hob.

KITCHEN AT REAR with tiled floor, tiled walls, 3 domestic microwave ovens, 1 4-door refrigerated stainless steel counter fridge with cool topping section, 1 fridge/freezer, 1 fridge, 1 upright deep freezer etc.

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 3,200 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of 1 full time & 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 4 p.m.
NO SUNDAY TRADING

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over, at present let on a shorthold tenancy & providing a rental income of 850 per month. We understand that vacant possession can be given on completion, if required. The accommodation comprises:

1 Double Bedroom
Bathroom with bath, w.c. & wash hand Basin
Lounge
Kitchen

Tenure

We understand the landlord, subject to satisfactory references, is prepared to grant a new lease in respect of the ground floor with self contained flat over at a rental of approximately 16,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 68,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 34,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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