Daytime Café for Sale in Hornchurch, Leasehold Available, Turnover Approximately £8,500 Weekly
Hornchurch, London
- Status
FOR SALE
- Advert ID
657657
- Reference
RX844557 / Rightbiz
- Call Agent:
- Leasehold: £172,000
- Rent: £26,000 (£2,167 per month)
- Turnover: £400,000 (£7,692 per week)
- Profit: On request
Business Details
DAYTIME CAFE, BILLET LANE, HORNCHURCH T O APPROX £8,500 P W £172,000 LSHOLD
The property occupies a prominent position on Billet Lane in the heart of Hornchurch town centre, within the London Borough of Havering, Essex. The parade benefits from a pedestrian-friendly, paved frontage, which allows the café to trade with its own external seating area at the front.
Neighbouring occupiers include a Mediterranean restaurant, dry cleaners and medical and aesthetic practices, all of which contribute to regular daytime footfall. Hornchurch is a popular and well-established town centre with a mix of independent traders, restaurants and shops, supported by a densely populated residential catchment. The town is served by Hornchurch Underground station (District line) and local bus routes, with good road links to the A12, A13 and M25.
The premises are arranged over the ground floor and are set within a two-storey mid-terrace parade. The property offers a well-proportioned, open-plan dining area to the front, with a separate kitchen, customer WCs and storage to the rear – a practical, easy-to-operate layout.
The dining area is bright and welcoming, with a large glazed shopfront and central entrance door. It is finished with tiled flooring, part-panelled walls, and a suspended ceiling with inset lighting and feature sky-effect ceiling panels. Comfort cooling is provided by a ceiling-mounted air conditioning cassette, and there are overhead heaters at the entrance. Furniture is included in the sale, comprising black speckled-top tables with chrome and black upholstered chairs, giving a total of 64 covers. CCTV is installed.
The vendor advises that turnover is approximately £8,500 – £9,000 per week, equating to approximately £442,000 – £468,000 per annum. Accounts will be made available to seriously interested parties
The property is held leasehold, with approximately 2.5 years remaining on the current FRI renewable lease at £26,000 per annum. A new lease can be made available to an incoming purchaser, offering security of tenure but may involve an increase in rent
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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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