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Licensed Cafe Restaurant & Sandwich Bar For Sale

Undisclosed, Essex
Leasehold:
£65,000
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THIS BUSINESS IS NOW SOLD OR WITHDRAWN FROM THE MARKET
Further Details
Status
SOLD OR WITHDRAWN FROM MARKET
ReferenceR3217 / RightBiz
Advert ID73194
LocationUndisclosed, Essex
SectorCafes, Fast Food Businesses, Restaurants
TenureLeasehold
Leasehold Price£65,000
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Full Details
Features : DOUBLE FRONTED LICENSED CAF/RESTAURANT & SANDWICH BAR, tiled floor, ceiling lighting. Tables and chairs providing seating for 30 persons. Cool display serveover counter, 2 group coffee machine, coffee grinder.

Stairs to BASEMENT providing additional seating area with tiled floor, ceiling lighting. Tables and chairs for a further 20/25 persons. BAR

From the ground floor there is a staircase to the first floor area providing a further seating area with woodstrip floor. Tables and chairs for 25 persons.

Half tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

GROUND FLOOR OPEN PLAN LEVEL KITCHEN AREA with tiled floor and tiled walls, stainless steel extractor unit, 6-burner gas cooker, double deep fryer, 4 microwave ovens, double sink and drainer, stainless steel work table, wash hand basin, 2-door stainless steel counter fridge, 1 upright double door stainless steel fridge, 1 upright single door stainless steel fridge, 1 upright stainless steel deep freeze.

On the first floor there is a storage area with 2 chest deep freezes

Location : Situated in a terrace, Town Centre, ESSEX

Opening Hours : Monday - Saturday inclusive - 7.30 a.m. - 4.30 p.m.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for additional opening hours, if desired.

Turnover : WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offers further potential to increase in the right hands. Gross profit 65% approx.

Tenure : We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 9 years unexpired at a rental of £15,500 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £6,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Staff : The Business is at present operated by a husband and wife team with the assistance of 1 full time and 4 part time staff.
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