CAFE COFFEE SHOP WANSTEAD

CAFE/COFFEE SHOP - WANSTEAD - A rare opportunity to acquire a high volume cafe in a highly desirable and affluent area. The premises is located in a highly enviable position, directly opposite a recreational park with exceedingly high levels of footfall and vehicular passing trade, being positioned just 0.2 miles from the station. The premises is surrounded by both independent and big name traders, including a pharmacy, Superdrug and Natwest Bank to name a few. The premises has been fitted out to a very high standard with high quality fixtures, fittings and equipment throughout, which are all included within the sale price. The business is long established, with our client owning and operating it for the last 19 years, bringing the business to market with a genuine reason for sale due to retirement. Our client has built up an enviable reputation over his period of ownership, supported by a 4.5 * Google review. Very strong established turnover of £7,000 to £8,000 per week working to the usual high gross profit margins associated with the trade. 10-year renewable lease at a rental of £41,000 per annum exclusive. The business still leaves massive scope to increase on the already established turnover by extending the trading days and times, as our client currently operates 7 am till 5 pm Monday to Saturday, 8 am to 4 pm on Sunday and this premises really is suited to capture the evening trade. Our client has only just set up on Just Eat and expects as it becomes more established, that the turnover will increase significantly from its current levels. It's rare for a business with this level of turnover and in a highly desirable area like this to come to market, so an early viewing is advised.