Spacious Well Fitted Café/Restaurant For Sale

Business description

Outstanding opportunity to acquire a spacious Café/Restaurant catering for breakfasts, snacks, lunches, teas and coffees. Tiled floor. Tables and chairs providing seating for 125 persons. Mirrors on walls. 3 cool display serveover counters each with refrigerated storage section.

Open plan kitchen area. The equipment includes 2-group coffee machine, Stotts hotwater boiler, 1 commercial plus 2 additional microwave ovens, 8-pot bain marie, double deep fryer, large griddle, stainless steel extractor unit, upright stainless steel fridge, small deep freeze, 1 upright double door drinks display fridge, 1 upright stainless steel double door fridge, 1 upright stainless steel double door deep freeze etc.

Wash-up area with stainless steel cladding to walls, 6-burner gas cooker, double sink and drainer, gravity feed slicer, mincer, stainless steel tables

Fully tiled ladies' cloakroom with w.c. and wash hand basin
Fully tiled gentlemen's cloakroom with w.c. and wash hand basin

First floor storage area with 2 chest deep freezes plus office

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease having approximately 24 years unexpired at a rental of £28,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years. In addition we understand there is a service charge currently of approximately £3,000 p.a.

Uniform Business Rates: £9,000 p.a. approx.

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS WELL EQUIPPED CAFÉ/RESTAURANT IN THIS EXCELLENT TRADING POSITION. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Location:

Situated in a parade, excellent main road trading position, close to a railway station, ESSEX

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £3,800/£4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 65% approx.

Reasons for selling:

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £90,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 7 a.m. - 6 p.m.
Sunday opening - 9 a.m. - 4 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.