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Reference R1086

Well Fitted Cafe Restaurant in Middlesex For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, MIDDLESEX

Turnover 6,000
Price 150,000

Features

Well Fitted Cafe

FRONT FORECOURT 8 PERSONS

REAR COURTYARD PROVIDING SEATING 20 PERSONS with Canopy

DOUBLE FRONTED PREMISES with Canopy. Tables and chairs providing seating for 28 persons. Sales counter with cold display cabinet, EPOS till, Bluetooth speaker system, coffee grinder, 2 group coffee machine, ice cream freezer, cake display fridge, juice machine, bubble tea machine.

KITCHEN. Stainless steel extractor unit, panini toaster, commercial microwave oven, electric cooker, toaster, 2 fridges, 2 freezers, under-counter fridge, oven, etc.

Stockroom / Storeroom

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages 6,000/ 6,500 p.w. with a gross profit of 65% approx. (INCLUDING 800 VIA DELIVEROO)

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 5pm
SUNDAY 8am - 5pm

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 2019 with reviews every 5 years (next review 2024) at a current rent of 18,000 p.a.

Business Rates from April 2022 3,500 approx. (under appeal) (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 75,000 (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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