Fiesta Restaurant | | Borehamwood Hertfordshire | | • ADVISED AVERAGE GROSS WEEKLY SALES £7,000 • HIGHLY DESIRABLE LOCATION IN THE HEART OF BOREHAMWOOD • ALL FIXTURE AND FITTINGS INCLUDED IN SALE- 78 COVERS • SITUATED CLOSE TO OVERGROUND STATION • POTENTIAL TO INCREASE TURNOVER WITH LONGER HOURS | | ADVERT NUMBER : 62660
ADVERT IMPRESSIONS : 6,765 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £200,000 | | | | | BUSINESS DETAILS: | TERMS & TENURE
We have been advised that the premises is held on an 11 year lease. The lease will be renewable at the end of its term. The annual rent passing is £23,600. Formal rent reviews are conducted every 5 years.
BUSINESS RATES
We have been advised by our client that the business rates payable is circa £6,710. This is to be confirmed with the council.
TRADING HOURS
The business currently trades:
Mon - Sun 08:00am to 20:00pm
Opening hours can be extended till 12.00 pm.
LOCATION
The business is situated on the busy Shenley Road (B5378) in Borehamwood and is in close proximity to Borehamwood & Elstree Overground as well as good bus links. The unit is close to many local Businesses including The BBC Studio, Police station, Borehamwood shopping park, Banks, supermarkets, Argos, and Boots.
DESCRIPTION
The restaurant trades from a mid terrace ground floor double fronted lock up shop. The internal area comprises a seating area with 74 covers, a preparation area, Ladies and Gents toilet and small kitchen at the rear and the main preparation area which is on show for customers.
THE BUSINESS
The café benefits from an A3 user class and currently serves a variety of hot and cold foods including burgers, Pizzas, sandwiches, salads, wraps, pasta, hot breakfasts and lunches. All hot and cold drinks including smoothies are also on offer to customers. Due to its prominent high street position the restaurant benefits from high footfall and is very popular with office staff and shoppers. The café enjoys a steady flow of business and is well reputed for good service and delicious home cooked recipes.
TRADING INFORMATION
Our client has advised that the average gross weekly turnover of the business is £7,000. The owner is keen to sell due to family problems.
STAFF
The business is currently operated by the owner with the assistance of 2 part time and 5 full time members of staff.
FIXTURES AND FITTINGS
1 x Display Chiller
1 x Soft Drinks Standing Chiller
1 x Coffee Machine 1 x Double Fryer
1 x Chest Freezer 2 x Microwave
1 x Fridge 1 x Dishwasher
1 x Toaster 1 x Cash Till
1 x Grill Extractor System
1 x Panini Grill 1 x 4 Burner stove with oven
1 x smoothie maker | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
