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Essex Cafe Restaurant with 2-Bed Flat for Sale - Family-run, Growth Potential, 20-Year Lease

Undisclosed, Essex
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Cafe Restaurant for sale incl. Two bedroom accommodation Photo 1
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Cafe Restaurant for sale incl. Two bedroom accommodationCafe Restaurant for sale incl. Two bedroom accommodationCafe Restaurant for sale incl. Two bedroom accommodationCafe Restaurant for sale incl. Two bedroom accommodationCafe Restaurant for sale incl. Two bedroom accommodation
  • Status

    FOR SALE

  • Date Submitted:

    11/04/22

  • Advert ID

    293629

  • Leasehold: £99,000 (Stock at valuation)
  • Rent: £21,000
  • Turnover: £182,000 (£3,500 Per week)
  • Net Profit: On request

Key Features

  • Potential for Alternative Use
  • Retirement Sale
  • New Lease

Business Details

Cafe Restaurant for sale incl. Two bedroom accommodation

Cafe/restaurant plus accommodation for sale

It has been a family run business for years. There is a big potential for increasing sales with some changes. A two-bedroom flat is included with the lease.

There is a renewable 20-year lease. The operating hours are Monday to Saturday (6:30 am to 3:00 pm) and Sunday (8:00 am to 3:00 pm). The cafe has been established for 30 years in Essex. I have owned it for 14 years.

The Romford train station and several retailers are nearby. There is barely any competition in the area. The sale is for the leasehold of the business. I am willing to sell for £99,000 or your nearest offer. The sale includes fixtures, fittings and stock.

The turnover of the business is £3,500. The sale includes 2-bedroom accommodation. The current opening hours are seven am - three pm, open seven days a week. We have a staff of four employees.

We do not have a social media presence. There is scope to start social media marketing and expand with a delivery service. We are willing to offer training opportunities to the new owners.

The reason behind the sale is retirement.

Get in touch for more information,

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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