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Coffee Shop Cafe On Main Shopping Parade In Essex For Sale

Essex, UK
Asking Price:
£32,500 Furniture / Fixtures included
Turnover:
£119,600
Net Profit:
Under £50K

COFFEE SHOP / CAFE
PRICE: £32,500 plus SAV– LEASEHOLD
LOCATION – SEASIDE TOWN – NORTH ESSEX
REF: C0068E
COFFEE SHOP / CAFE located on the MAIN SHOPPING PARADE within the TOWN CENTRE of this NORTH ESSEX COASTAL TOWN, which is SURROUNDED BY MAJOR RETAILERS. The business has been ESTABLISHED SINCE 2018 having been set up by our client who has been operating the business under the SAME OWNERSHIP FOR 6 YEARS and who has now brought it to market with a GENUINE REASON FOR SALE. The business is now COMPLETELY STAFF RUN accommodates 26+ COVERS (20+ Internal & 6+ External) and boasts a 5 STAR FOOD HYGIENE RATING. We are advised takings averaged £1,700 - £2,300 working to a high gross profit margin with HUGE SCOPE to further increase revenues especially as the business is trading LIMITED HOURS WEEKENDS ONLY. The premises are held on a lease at a current rental of £16,000 per annum exclusive and benefits from ZERO BUSINESS RATES PAYABLE (for qualifying business owners). We feel this is an IDEAL ENTRY LEVEL BUSINESS that would be HIGHLY PROFITABLE for a full-time hands-on owner operator, so an EARLY VIEWING IS ADVISED by sole agents ESSEX AND SUFFOLK BUSINESS SALES. Please note, our clients are selling another business a SANDWICH BAR TAKEAWAY on the same road under reference number C0067E.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Leasehold Rent:

£16,000 per annum

Size in square feet:
900

Business Operation

Years established:
7