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Busy Cafe in Great Locaton: St Albans

Saint Albans, Hertfordshire
Leasehold Price:
£99,950
Status
FOR SALE
Advert ID
254425
Reference
C032447B / Rightbiz
Takings £4,000 to £4,500 a week
Excellent location close to City Centre
Loyal customer base
Rent only £15,500
Business Rates - Nil

Everert Masson & Furby are delighted to offer this popular and well supported local cafe located just outside the town centre of St Albans.

On the market due to the imminent retirement of one of the owners, this well established and popular business has an enviable reputation locally due to the quality of the food and service on offer. This consistently profitable cafe earns around £70,000 adjusted profits per annum to two working owners at present income levels.

In our opinion there is scope to increase sales and the premises is sufficiently large and flexible to allow this to happen.

Despite the excellent location the rent is only £15,500 per annum which in our opinion is very well priced.

Price: £99,950 to include the benefit of the lease, fixtures and fittings and goodwill, plus stock at valuation.

Please note that staff and customers are not aware of the sale and viewings will only be considered out of hours and by prior appointment with sole agents Everett Masson & Furby on 01908 904555. VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01908 904555.
Listing Details
Leasehold Price: £99,950
Tenure: Leasehold
Location: Saint Albans, Hertfordshire
Sector: Cafes, Bistros
Financials
Annual Turnover: £208,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: C032447B / Rightbiz
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