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Old Established CafÉ

Undisclosed Hampshire
Situated in a parade, just off the main road, HAMPSHIRE.
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 39488
ADVERT IMPRESSIONS : 34,810 TIME(S)

 
BUSINESS SECTOR: Catering
TRADE TYPE: Cafes
SALE: Agent Sale

FREEHOLD:

£235000

LEASEHOLD:

£35000
 

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BUSINESS DETAILS:

Features : SINGLE FRONTED CAFÉ with ceramic tiled floor. Tables and chairs providing seating for 32 persons, cool display counter, electronic cash register, Stills boiler.Open plan LEVEL KITCHEN with ceramic tiled floor. Equipment includes 6-burner gas cooker, deep fryer, 2 microwave ovens, larder fridge, 1 deep freeze, Salamander grill, 4-slice toaster, meat slicer, gas bain marie, double sink and drainer, wash hand basin, etc.Ladies' & Gentlemen's cloakrooms, each with w.c. and wash hand basin.Location : Situated in a parade, just off the main road, HAMPSHIRE.Opening Hours : Monday - Saturday inclusive 8 a.m. - 4.30 p.m.NO SUNDAY TRADINGIt will be appreciated upon inspection that there is potential for additional opening hours.The business is also closed for 2 weeks in May and 3 weeks in September for the vendor's holidays.Turnover : WE ARE INFORMED the turnover averages £1,200 p.w., in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.Tenure : The vendor owns the freehold and, subject to satisfactory references, is prepared to grant a new 16 years' full repairing and insuring lease, at a rental of £13,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.Uniform business rates £3,500 p.a. + water rates.THE CAFÉ HAS BEEN IN THE SAME HANDS FOR THE PAST 40 YEARS AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.RECOMMENDED FOR EARLY INSPECTION.Price : PRICE TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS, £35,000 plus STOCK AT VALUATIONSUBSTANTIAL LOAN TO AN APPROVED APPLICANTOR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES AND FITTINGS £235,000 plus STOCK AT VALUATIONSUBSTANTIAL MORTGAGE TO AN APPROVED APPLICATEAccommodation : THE ACCOMMODATION in the form of a SELF CONTAINED FLAT over, with FULL GAS FIRED CENTRAL HEATING, comprises: 1 Double bedroomBathroom with bath, w.c. and wash hand basinLoungeSmall fitted kitchen
   
  FOR SALE
   

REFERENCE:

R1180 / RightBiz
   
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