A daytime restaurant / cafe with an alcohol licence occupies a prime trading position in this highly sought after & affluent Essex town, that is uniquely located between Loughton & Chigwell. The premises are located on the ground floor of a major office block and are directly opposite a retail park, which is home to all the main retailers. The business has been established over 20 years and has recently undergone a £100,0000 refurbishment in 2023 by my client, who has brought it to market with a genuine reason for sale. The business is exceptionally well presented, furnished with quality fixtures and fittings, and is being sold with a full complement of equipment. Now that staff run, we believe this offers huge potential for a hands-on owner operator to significantly increase revenues. We are advised that the current takings average in excess of £5,000 per week, working limited hours, therefore offering plenty of scope. The premises are held on a secure lease at a current rental of £35,000 per annum, exclusive, plus VAT. We are further advised that business rates payable are £863 per month. An early viewing is advised by sole agents Essex and suffolk business sales.
- Asking Price:
- £150,000 Furniture / Fixtures included
- Turnover:
- £200K - £500K
- Net Profit:
- Available on request
Property Information
- Property:
-
Leasehold
- Leasehold Rent:
-
£35,000 per annum
- Location:
-
Between Loughton & Chigwell
- Size in square feet:
- 2,330
Business Operation
- Reasons for selling:
-
Other business interests.
- Years established:
- 20
Other Information
- Furniture / Fixtures value:
- £100,000 - included in the asking price
