Well Fitted Cafe in Hertfordshire For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, HERTFORDSHIRE

Turnover £ 3,000
Price £75,000

Features

Well Fitted Cafe

REFITTED 2022

FORECOURT WITH SEATING FOR 8 PERSONS

5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 550 ft² with ELECTRIC SHUTTERS & CANOPY. Laminated strip floor, suspended ceiling with spotlights. Tables and chairs providing seating for 30 persons. Sales counter, EPOS till. CCTV system (5 cameras, 1 monitor).

KITHCHEN. Stainless steel extractor unit (new 2022), 6-burner gas cooker grill, 2-pan deep fryer, panini toaster, toaster, 2 fridges, 3 freezers, microwave, preparation table, etc.

Toilet with w.c. and wash hand basin.

Stockroom with shelving

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a gross profit of 65% approx. (40% DELIVERIES via Just Eat, etc)

Staff

The business is at present operated by the vendor with 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 5pm

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £10,600 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote