Attractive Well Equipped Licensed CafÉ/restaurant English & Mediterranean Cuisine | | Undisclosed Hertfordshire | | Situated in a parade, excellent main road trading position, HERTFORDSHIRE | | ADVERT NUMBER : 65116
ADVERT IMPRESSIONS : 14,077 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Cafes | | SALE: | Agent Sale | LEASEHOLD: | £35000 | | | | | BUSINESS DETAILS: | Features : DOUBLE FRONTED RESTAURANT with quarry tiled floor, hanging lighting. Tables and chairs providing seating for 40 persons. BAR 2 group coffee machine, coffee grinder.
CATERING KITCHEN with ceramic tiled floor. The equipment includes stainless steel extractor, 6-burner gas cooker, charcoal grill, stainless steel counter fridge, 1 upright double door fridge, 2 microwave ovens, 1 upright stainless steel deep freeze, sink and drainer etc.
Location : Situated in a parade, excellent main road trading position, HERTFORDSHIRE
Opening Hours : Sunday, Monday & Tuesday - 7 a.m. - 7 p.m.
Wednesday - Saturday inclusive - 7 a.m. - 3 p.m. & 6 p.m. - 10 p.m.
Turnover : WE ARE INFORMED the turnover currently averages £1,500/£2,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the Restaurant, main accommodation plus studio flat at a rental of £21,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (As will be appreciated with the current rental income of £18,460 the net rental payable at the present time is only £2,540 p.a. exclusive of rates). Alternatively should the main accommodation and the studio flat not be required, the vendors are prepared to consider granting a new 15 years full repairing and insuring lease in respect of the Restaurant only at an initial rental of £10,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £2,400 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The SELF CONTAINED accommodation with FULL GAS FIRED CENTRAL HEATING comprises:
3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Kitchen
The 3 bedrooms are currently let on shorthold tenancies and provide a rental income of £245 per week.
In addition there is a STUDIO FLAT currently let on a shorthold tenancy and also providing a rental income of £110 per week. The Studio flat comprises:
Living Room/Bedroom
Shower w.c. and wash hand basin
Kitchen area
Staff : At present operated by the vendor | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
