Well established Tea Room in Hampshire For Sale

Semi-detached property, excellent trading position, residential and commercial area, ESSEX

Turnover £ 1,850
Price £45,000

Features

Well Established Tea Rooms

5 DAYS OPENING

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, in the region of 550 ft², Quality synthetic vinyl flooring, suspended ceiling with light panels.

Tables and chairs seating 30 customers.

Sales counter - Electric cash register.

Coffee machine, 2 grinders, knock out drawer, 2 display cabinets, double door fridge, 2 blenders, cup warmer, chest freezer, etc

Cloakroom with toilet and wash hand basin.

Rear KITCHEN - Stainless steel extractor, oven, hot plate, panini grill, toaster, microwave, waffle machine, fridge, sink with drainer, wash hand basin, stainless steel preparation counter cover, etc.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,850 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

5 Day week
MONDAY - WEDNESDAY 10 am - 3 pm
FRIDAY - SATURDAY 10 am - 3 pm
CLOSED THURSDAY & SUNDAY

There is demand and potential to increase opening hours.

Outside

Yard to rear.

Tenure

We are advised the present lease is due to expire this year, presently the rental paid is £12,000 p.a.

We are advised the Landlord is prepared to grant, to an approved applicant, a new lease at terms to be agreed.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014

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